Offshore
STX OSV to sweep OSV orders
STX OSV is tipped to take advantage of the expected rise in high-end offshore supply vessel demand. DnB NOR Markets said the Singapore-listed shipbuilder will be a likely winner as owners return for OSV newbuilds following a spike in offshore act...
2011-08-31 06:58:41
Wuchang inks two offshore vessels
CSIC Wuchang Shipbuilding Industry of China booked newbuilding orders for one 16,000kW PSV and one multi-purpose AHTS from Shanghai Salvage. Dong Qiang, vice president of CSIC, said from contract-signing ceremony that a total of six newbuildings are ...
2011-08-30 14:30:05
Daewoo eyes bigger & offshore
Daewoo Shipbuilding & Marine Engineering, working on the world’s largest container ships, said mega-sized vessels’ greater fuel efficiency will let them withstand a slowdown in overall orders. Daewoo won orders to build 20 vessels able to carr...
2011-08-30 07:18:56
Korean score drilling rights
South Korea awards Daewoo International and STX Energy oil and gas exploration rights in two areas off the country’s east coast. It is the first time that privately owned South Korean companies have been granted rights to explore the country’s...
2011-08-30 07:12:16
Excelerate wins Brazil FRSU
Excelerate Energy on Monday confirmed it had landed a Petrobras contract for a mammoth floating production, storage and regasifaction unit (FRSU). The VT3 vessel, which the company claims will be the world’s largest, will have a capacity of 173...
2011-08-30 07:09:17
SembCorp Marine bullish
Investors should take a shine to Singapore-listed shipbuilder SembCorp Marine after the company’s share price tumbled over the past month, DnB NOR Markets says. Analyst Kay Lim upgraded the company to buy from hold as the stock price has droppe...
2011-08-30 06:59:46
Nam Cheong sells AHTS
Singapore-listed shipbuilder Nam Cheong has sealed its fourth sale and charter contract for a small AHTS vessel within a month. The Malaysian company will sell the 71-tbp AHTS to compatriot offshore services company Omni Marissa for MYR 41.4m ($1...
2011-08-29 07:18:52
MMHE buys yard, expands offshore orders
Malaysia Marine & Heavy Engineering has agreed to buy the Pasir Gudang Yard for just under MYR 400m ($133m). The Kuala Lumpur-listed shipbuilder firmed up a pre-contract agreement inked earlier this year with Malaysian diversified company Sime Da...
2011-08-29 07:12:38
SCI to order AHTS sextet
Shipping Corp of India (SCI) is in a tender for six anchor-handler newbuildings. The state-owned shipowner wants to spend $19m each or a total of $114m on vessels at domestic shipyards, according to offshore director Arun Kumar Gupta. The group h...
2011-08-29 06:57:04
Yangfan pens 1st OSV
Qingdao Yangfan Shipbuilding of China booked a Multipurpose Offshore Support Vessel from a subsidiary company of PetroChina. The first newbuilding Multipurpose Offshore Support Vessel of Yangfan, 71m in length, 64.6m in breadth, 5.5m in height, is...
2011-08-26 12:31:29
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