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OFFSHORE SHIPBUILDING

Korea's STX Offshore Wins Patrol Ship Order

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.


STX Offshore Wins $388M Order for 8 Tankers

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)


BP Shipping Charters Extended

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


Russian LNG Carrier Launched

LNG carrier Velikiy Novgorod: Photo credit SCF

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 Delivers with Pride

Jaya Pride

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.”


G E Shipping Acquires Product Tanker

G E Shipping

The Great Eastern Shipping Company Ltd. (G E Shipping) took delivery of a Newbuilding Medium Range Product Tanker “Jag Punit” of about 49,700 dwt. The company had contracted to buy the ship in December 2012. The vessel is built at STX Offshore & Shipbuilding Co. Ltd., Jinhae, Korea. With the inclusion of the vessel, the Company’s current fleet stands at 32 vessels, comprising 23 tankers (8 crude carriers, 14 product tankers


Gaoh Offshore, STX to Develop Wind Farm Vessel

Gaoh Offshore’s Deepwater Installer. Image courtesy Gaoh Offshore

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


Maxim Evaporators signs Distributor Agreement with Green Marine

Company officials announced that Maxim Evaporators has signed a distributor agreement with Green Marine & Industrial Equipment Co. for the U.S. Gulf Coast market.   Green Marine was founded in 1961 and today is a well diversified sales and service organization. Green Marine serves clients in Marine, Offshore & Shipbuilding Industries. Green Marine is strategically located in the center of the Gulf of Mexico region with offices in New Orleans and Houston


Kongsberg Wins Drilling Rig Contracts in China and Korea

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


Week's Ocean-Going Shipbuilding Orders Sparse

Bow shot: File photo

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


TAS Offshore Sees Another Vessel Deal Axed

Photo: TAS Offshore Berhad

 Malaysia’s shipbuilding and ship repair services firm, TAS Offshore, has received yet another termination of a shipbuilding contract from the same client, this time for an offshore construction vessel (OCV).    TAS Offshore’s wholly-owned subsidiary, TA Ventures


Navig8 Leaseback Pact with with Chinese Financer

Photo: Navig8 Chemical Tankers Inc.

 Navig8 Chemical Tankers has signed sale and leaseback agreements with China's Bank of Communications Financial Leasing (BCFL) for a quartet of medium range tankers.   The  for four 49,000 DWT Interline coated medium range tankers being built at STX Offshore & Shipbuilding Co


Aqualis Offshore and CSDC Join Forces

Aqualis Offshore and China Ship Design & Research Center Co., Ltd (CSDC) have signed an agreement to cooperate on engineering projects both in China and internationally.    CSDC, a subsidiary company of China Shipbuilding Industry Corp (CSIC)


Hyundai Heavy Industries Back in Black

Photo: Hyundai Heavy Industries

According to a regulatory filing, Hyundai Heavy Industries (HHI) racked up 10.2728 trillion Korean won in sales for Q1 2016, a 7.8 percent decline from the previous quarter while operating income swung to a profit of 325.2 billion won, putting an end to a nine-quarter losing streak.  


Daewoo Shipbuilding to Issue New Shares Worth $353 Mln

Daewoo Shipbuilding & Marine Engineering Co Ltd said on Tuesday it will issue new shares worth 414 billion won ($353.1 million) to improve its financial position.   Daewoo Shipbuilding, the world's largest shipbuilder in orderbook by tonnage


No Financial Aid for STX Shipbuilding, Say Creditors

Photo by STX Offshore & Shipbuilding Co

 Creditors of financially troubled STX Offshore & Shipbuilding are opposing financial aid for the shipyard citing the gloomy outlook of the shipbuilding industry, Korea’s Yonhap News has reported.   Creditors of STX Offshore, led by the state-run Korea Development Bank (KDB)


Navig8 Product Tankers Adds Two Newbuilds

Courtesy Navig8

  Navig8 Product Tankers Inc today took delivery of one LR2 115k-dwt product tanker m.t. "NAVIG8 STABILITY" from Sungdong Shipbuilding & Marine Engineering Co, Ltd. The Company has also today taken delivery of one LR1 74k-dwt product tanker m.t


Navig8 Product Tankers Expands Fleet

Eco LR2 Navig8 Solidarity 109,000dwt. Photo by Navig8 Product Tankers Inc.

 Navig8 Product Tankers Inc., an international shipping company focused on the transportation of petroleum products, has taken delivery of one LR1 74,000 DWT product tanker, the Navig8 Expedite, from STX Offshore & Shipbuilding Co, Ltd.   


Cameras Chosen for Canada's Arctic Patrol Ships

Kongsberg Maritime CCTV system for the Royal Canadian Navy’s (RCN) new class of Arctic Offshore Patrol Ships (AOPS). Image credit: Irving Shipbuilding Inc.

Kongsberg Maritime has announced that it has been selected by L-3 MAPPS to provide the CCTV system for the Royal Canadian Navy’s (RCN) new class of Arctic Offshore Patrol Ships (AOPS).   L-3 MAPPS is one of the Tier 1 suppliers to Irving Shipbuilding


Zentech Inks Deal for Two Z-210 with CSSC

Zentech’s MOU’s with CSSC Huangpu Wenchong Shipbuilding Co. Ltd. for the construction of two (2) Z-210 mobile offshores units Photo Zentech

Zentech Incorporated of Houston, Texas, USA signed contracts with CSSC Huangpu Wenchong Shipbuilding Company Limited for the construction of (2) Z-210 Mobile Offshore Units. These contracts were finalized based on the Letter of Intent received by CSSC Huangpu Wenchong Shipyard on September 23,2015


Edison Chouest Opening Mississippi Shipyard

Gary Chouest, CEO, Edison Chouest Offshore

Edison Chouest Offshore locating shipbuilding operations, TopShip, LLC, in Gulfport, Miss.   Gov. Phil Bryant and officials from Edison Chouest Offshore, an offshore energy service and supply company, officially announced today the company is locating shipbuilding operations at the Port of


Navig8 Acquires Two Newbuildings

NAVIG8 Amazonite Photo Navig8

 Navig8 Product Tankers Inc., today announced that it has taken delivery of two further product tankers from its newbuilding program – the Navig8 Symphony, a 110,000 DWT LR2 tanker from Sungdong Shipbuilding & Marine Engineering Co., Ltd


$4.3B: Daewoo Shipbuilding has Record Loss

Image: Daewoo Shipbuilding and Marine Engineering

 South Korean shipbuilding major Daewoo Shipbuilding and Marine Engineering (DSME) posted a KRW 5.13 trillion (USD 4.3 billion) worth loss for the full year of 2015.     Due to writing down more charges from offshore projects which are under construction


Navig8 Acquires Product Tanker

Photo Courtesy Navig8

Navig8 Product Tankers Inc., an international shipping company focused on the transportation of petroleum products, today announced that it has taken delivery of the Navig8 Experience, a 74,000 DWT LR1 tanker from STX Offshore & Shipbuilding Co., Ltd


Elwood Ide Joins Viega

Elwood Ide (Photo: Viega)

Viega expands shipbuilding and offshore team in the West Coast territory   Elwood Ide has joined Viega LLC as the company’s newest technical manager for shipbuilding and offshore for the West Coast.   In this position, Ide will provide analysis






 
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