STX Offshore wins US$ 132-million order for 3 patrol ships for the Korea Coast Guard. Under the deal with the Korea Coast Guard (KCG), STX Offshore will deliver the vessels by the end of 2015, the company told Korea Times. The vessels, equipped with a Vulcan cannon, can cruise at an average speed of 30 knots. STX Offshore & Shipbuilding Co., the nation's fourth-largest shipbuilder, also delivered similar patrol ships to the KCG in 2010 and 2011.
Reuters - South Korea's STX Offshore & Shipbuilding Co Ltd said on Monday it won a 413.8-billion won ($387.63 million) order to build eight tankers from from Navig8 Product Tankers Inc. The South Korean shipbuilder said in a statement the contract includes an option for four more tankers, which would take the total order amount to about 620 billion won. The contract for the initial eight tankers is expected to be completed by June 2016. ($1=1,067.5000 Korean won)
Capital Product Partners L.P. (Nasdaq: CPLP) announced the extension of the charters of both the M/T Agamemnon II and the M/T Ayrton II to BP Shipping. The M/T Agamemnon II (2008 STX Offshore & Shipbuilding Co., 51,238 dwt) was fixed to BP Shipping at a daily charter rate of $14,000 net for 12 months (+/- 1 month) and the charter is subject to a profit sharing arrangement which allows each party to share, at a 50/50 percentage
Sovcomflot’s new state-of-the-art LNG carrier 'Velikiy Novgorod' launched from STX Offshore & Shipbuilding shipyard. The Velikiy Novgorod was ordered by OAO Sovcomflot for operations under a long-term agreement with Gazprom Global LNG (part of Gazprom) as the first of two vessels ordered by SCF from STX Offshore & Shipbuilding Co. Ltd and her construction is scheduled to be completed in December, 2013
Jaya Holdings Limited, operators of a Singapore offshore shipbuilding yard, has delivered a new state-of-the-art multi-purpose offshore support vessel Jaya Pride. “Jaya Pride is one of the most sophisticated vessels produced by Jaya’s Batam shipyard,” said Chief Executive Officer Venkatraman Sheshashayee, “a highly versatile DP2 workboat for offshore platform maintenance, one we have already fixed on a time charter with a key customer.”
CIMC Yantai Raffles in China and STX Offshore & Shipbuilding in Korea have selected extensive Dynamic Positioning (DP), Automation, new generation Safety System, Integrated Navigation, Hydroacoustic positioning and latest riser management solutions from Kongsberg. The contracts are for two new Frigstad D90 Design drilling rigs and one Bassoe Technology BT-UDS Design drillship. The total value of the contracts is in excess of MNOK 150
UK Wind Energy Services company, Gaoh Offshore announced the signing of a Letter of Intent covering the design development and construction of their multi-purpose wind farm development vessel, the Deepwater Installer. Gaoh Offshore and STX Offshore & Shipbuilding Co., Ltd. (STX O&S) signed the Letter of Intent [LOI] at the end of 2010 and board approval was given last month. The LOI is for construction at the STX Dalian Shipbuilding Complex in China after a period of joint further
MAN dual-fuel engines chosen by Russian shipowner Sovcomflot for LNG carrier newbuiildings Largest Russian shipowner, Sovcomflot, recently selected the dual-fuel MAN 51/60DF engine for an LNG carrier newbuilding programme comprising of two confirmed vessels with an option for two more vessels. The dual-fuel diesel electric propulsion system and the MAN 51/60DF engine have been selected to provide the vessel with a high efficient and low emission propulsion system
The largest Russian ship owner, Sovcomflot, recently selected the dual-fuel MAN 51/60DF engine for an LNG carrier program, consisting of two confirmed vessels with an option for two more vessels. The dual-fuel diesel electric propulsion system and the MAN 51/60DF engine have been selected to provide the vessels with a highly efficient and low emissions propulsion system, especially when running in gas mode. A high degree of redundancy and the MAN 51/60 DF engine’s multiple fueling
Despite some media reports of more significant ordering, there is only one firm shipbuilding order to report in the drybulk sector, according to the latest Clarkson Hellas S&P Weekly Bulletin, as follows: Dry bulk carriers COSCO Zhoushan have announced a contract for two 64,000 dwt Ultramax with deliveries in the fourth quarter of 2016 and the first quarter of 2017 respectively. It is understood that these are the options declared by clients of Hong Kong owner KC Maritime who had
Korean shipyards, operators, drilling contractors and engineering companies join ABS to develop new offshore design standards ABS, a provider of classification services to the global offshore industry, has entered into a memorandum of understanding with Korean shipbuilders Hyundai Heavy
The South Korean shipyard STX Offshore & Shipbuilding is apparently close to a bankruptcy if not yard soon find new vendors who are willing to pump huge sums into the yard. Otherwise, there is the prospect of a collapse in the first half of the 2016th.
SSI has hired CAD/CAM specialist Robert Holder as part of its sales force in the U.S. market. According to SSI, the hiring is intended to meet the expanding demand for SSI's design and manufacturing solutions in the shipbuilding and offshore industries.
Marintec China exhibition has grown by 14% since its last edition to cover 80,000 sq m with over 2,000 exhibiting companies from 34 countries defying the talk of a slowdown in China and its hard-hit shipyards. The two years since the last Marintec China event have not
Nantong Tongbao Shipbuilding has signed shipbuilding agreements with joint buyers, Shanghai Dingheng Shipping and Xiamen Xiangyu Group, for the construction of eight chemical tankers worth RMB1bn ($160.95m) The delivery of tankers sized from 2,000dwt to 15
Up to 2,500 shipbuilding jobs in Adelaide will be safe for "all time", the Prime Minister says, ahead of the expected announcement to build a new fleet of Navy ships worth $39 billion, reports ABC. However, he said naval shipbuilding jobs in Adelaide would drop from about
Firm to sell non-core assets, exit from non-essential businesses; Daewoo reported $2.6 bln operating loss in Q2. South Korea's Daewoo Shipbuilding & Marine Engineering Co Ltd said on Monday it would sell non-core assets, and shut down or exit non-essential units as part of restructuring
South Korea's No. 2 shipbuilder Daewoo Shipbuilding & Marine Engineering Co., will push for restructuring moves, including asset sales and a reduction in the number of executives, as it reels from massive losses, reports Yonhap.
Damen Shipyards Group operates 32 shipbuilding and repair yards, employing 9,000 people worldwide. This ubiquitous name in global shipbuilding has delivered more than 5,000 vessels in more than 100 countries and delivers some 160 vessels annually.
Go Offshore, wholly-owned subsidiary of Otto Marine has entered into an agreement for two long-term anchor handling tug supply (AHTS) charter contracts worth USD25.2 million with a large oil and gas company. The two contracts are in respect of two 16
Ballast water treatment (BWT) supplier OceanSaver said it has been contracted to deliver BWTsystems for two VLCCs to a European owner, currently being constructed by STX Offshore & Shipbuilding in South Korea. The contract’s value is undisclosed.
South Korean shipbuilders are struggling with huge losses stemming from the delivery of low-priced ships and a delay in the construction of offshore facilities such as drill ships. The shipbuilders' earnings are expected to remain in the doldrums until the first half of 2016
Icon Offshore Bhd and its partner FOB Swath Malaysia A/S have agreed to terminate their shipbuilding contract with Denmark-based Danish Yachts AS. Icon-FOB Holdings (L) Inc in which Icon Offshore holds a 51% stake while FOB Swath Malaysia owns 49%
SSI CEO Darren Larkins continues to consult with shipbuilders around the globe on how to leverage 3D Product Data Models using Autodesk technology. His next presentation on 3D Product Data Models will be October 22 at the shipbuilding and offshore show KORMARINE in Busan.
Navig8 Chemical Tankers has announced that it has entered into contracts to purchase four 49,000 dwt IMO2 eco-design, Interline-coated chemical tankers to be built at STX Offshore & Shipbuilding Co., Ltd. in Korea ("STX").