Marine link
 

Stx Pan

STX Shipbuilding Reports Q2 Results

South Korea's STX Shipbuilding Co. said that its second-quarter earnings increased sharply on rising orders to build ships such as oil tankers and container ships and gains from equity ties with its affiliates. Its net profit reached $62m in the April-June period. The shipbuilder also said its profit was boosted by gains from equity ties with its affiliates such as STX Pan Ocean Co. STX shipbuilding has clinched orders worth $7.2 billion so far this year. The shipyard has raised its sales target for this year to $10 billion from $5.5 billion earlier, helped by increased orders for high-priced ships. Last year, it won orders worth $4 billion. Source: Yonhap


Guilty Plea to Marine Pollution Related Charges

STX Pan Ocean Co. Ltd. (STX), headquartered in Seoul, Korea, and the owner of the commercial cargo ship, M/V Ocean Jade, pleaded guilty today to conspiracy as well as falsifying and failing to properly maintain records meant to ensure compliance with maritime pollution laws, the Justice Department announced. The chief engineer of the M/V Ocean Jade, Hong Hak Kang, a Korean citizen, also pleaded guilty today to failing to maintain environmental records and making false statements.


STX Shipbuilding Gets $266.7M Ship Order

South Korea's STX Shipbuilding Co. (067250.SE) said Wednesday that it received a $266.7M order to build six petrochemical product carriers. An STX spokesman said the South Korean shipbuilder won the order from a Hong Kong-based company, but declined to identify the company. STX will deliver the tankers - which will have the capacity to load 51,000 tons of petrochemical products - by Sept. 2009, the company said.


STX Shipbuilding wins $373m Order from India

The STX Shipbuilding Co., South Korea's seventh-largest shipbuilder, has won a $373m order to build six petrochemical goods carriers for a shipping company in India. The order, which accounts for 30.7 per cent of STX Shipbuilding's sales last year, calls for the Korean shipbuilder to deliver the six vessels to India's Shipping Corp. by July 2010, the company said in a statement. Source: ANTARA


STX Shipbuilding Wins $215m Order

STX Shipbuilding Co., said on Jan. 29 that it has won a deal valued at $215 million to build two bulk carriers. The deal from a European shipping company calls on STX Shipbuilding to deliver the vessels by June 2010, the company said in a regulatory filing. The shipbuilder won deals valued at more than $10 billion last year to build 170 vessels including bulk carriers. In 2006, STX Shipbuilding clinched shipbuilding orders valued at $4 billion.


Global Dry Bulk Carrier Newbuilding Orders on the Rise

Photo in public domain

Significant volumes of dry bulk carrier orders, most of them for Chinese shipyards, are reported by Clarkson Hellas in their latest S&P Weekly Bulletin, as follows: Starting with the large sizes in dry, Oldendorff Carriers are reported to have declared the sixth in a series of 207,000 DWT Newcastlemax at HHI, with delivery in the second quarter of 2015. Clarkson Hellas report that at Hanjin Subic, STX Pan Ocean have contracted two firm 150,000 DWT Capesize


Hong Kong Strictly Enforcing Pre-Arrival Notification Requirement

The Hong Kong Marine Department issued a statement outlining that it is strictly enforcing the requirement that vessels must submit a Pre-Arrival Notification (PAN) at least 24 hours before arriving in Hong Kong waters. Four ships were recently found to be in violation – their masters subsequently brought into court and charged. Failure to submit a timely PAN subjects the owner and the master both to a potential fine of $5,000 (HK$40,000)


STX Shipbuilding Wins Tanker Order

South Korea's STX Shipbuilding Co. has received an order to build two crude oil tankers for $138.2m for a Greece-based company. The order calls for STX Shipbuilding to deliver the two vessels to Liquimar Tankers Management Inc. by July 2009, the company said in a regulatory filing.


France Buys into STX Europe

The French Republic became a 33.34 percent shareholder in STX France and its shipyards in Saint-Nazaire and Lorient.  STX Europe is a builder of cruise ships and ferries, with a market share of 35 - 40 percent. The company builds cruise ships at its yards in France and Finland. The French yards also have experience with navy vessels. Other shipyards in STX Europe are build specialized offshore vessels.  The new agreement between STX Europe and the French Republic is a realization of


China Arbitration Court Orders Korea's STX to Pay Debt

STX logo

Troubled South Korea shipbuilder STX Heavy Industries Co. issued a guarantee on a loan defaulted on by its Chinese heavy machinery manufacturer, STX Dalian Heavy Industries Co., from China's Bank of Communications and has been ordered to repay the loan, reports Yonhap. Unlisted STX Dalian Heavy Industries is a wholly owned subsidiary of STX Heavy Industries and has been ordered to repay the 60.9 billion won (US$56.8 million) loan by the China International Economic and Trade Arbitration


BALPURE Systems Ordered for BP Tankers

BALPURE

Global Energy Giant BP Confirms Severn Trent De Nora’s BALPURE Ballast Water Management Systems as its Preferred Solution with Large Contract Win Contract calls for 14 BALPURE systems to be installed aboard BP crude oil tankers being constructed by one of the world’s largest


Deep Sea Supply takes Delivery of 'Sea Triumph'

The vessel ‘Sea Triumph’ is a STX 05-L design

  The Deep Sea Supply  took delivery of the newbuilding Platform Supply Vessel 'Sea Triumph'  on Thursday 18 September.  The vessels 'Sea Triumph' is a STX 05-L design built at Cochin shipyard in India. Main characteristics of the vessel are; 4


New Liebherr Mixing Tower to Boost Wind Energy

Handover of the Liebherr mixing tower at the opening ceremony, from left to right Reinhold Kletsch (Liebherr), Michael Barthel (Liebherr), Stefan Bögl, Johann Bögl, (both Bögl) Mark Figel (Liebherr), Anton Gloßner (Bögl).

  The Max Bögl Group of Companies acquired a new Liebherr mixing tower for production in Osterrönfeld, Germany. An inauguration party celebrated commencement of operations on 16th of July, 2014 for the newly-established precast concrete factory and the concrete mixing plant


Star Bulk Collects $8.016m From Sale of Its Claim Against Pan Ocean

star bulk.jpg

Star Bulk Carriers Corp. (NASDAQ: SBLK) announced that following the settlement and adjudication of the company's subsidiary Star Borealis LLC claim for damages and due hire related to the repudiation of the long-term time charter of the M/V Star Borealis by charterer Pan Ocean  Co Ltd


EIVA Widens Indian horizon

Image courtesy of EIVA

EIVA has chosen to expand its activities in India, as the offshore specialist is seeing an increasing interest in its solutions in the country. As a result, EIVA has entered into an agreement with Pan India Consultants Pvt. Ltd., making it authorized EIVA reseller.


Meyer Werft, Finland Plan to Buy STX Shipyard

STX Europes Turku shipyard in southwest Finland specializes in building post-Panama class cruise vessels. (Photo courtesy of STX Europe)

Germany's closely held Meyer Werft and the Finnish government are nearing a deal to buy the Turku shipyard in southwestern Finland from STX Europe , the Finnish economy ministry said on Monday. STX Europe belongs to Korean STX. The Turku shipyard specialises in building cruise ships and has


China's STX Dalian Shipbuilding Affiliates in Bankruptcy

An STX Shipyard scene: Photo STX

Six affiliated companies of STX Dalian Shipbuilding, China's largest wholly foreign-funded shipbuilding company, are to start bankruptcy reorganization procedures, reports Xinhua, citing a court statement in Dalian City in northeast China's Liaoning Province.


USCG Sets Port Status Whiskey for Tropical Storm Arthur

Source: NOAA

The U.S. Coast Guard (USCG) Sector North Carolina port Captain has set the Port Condition Whiskey for all navigable waterways in North Carolina in preparation for the anticipated weather impact of tropical storm Arthur. Port Status Whiskey is normally set when gale force winds from a hurricane


G E Shipping Contracts to Sell a VLGC

Visual from GE Shipping

  The Great Eastern Shipping Co Ltd. (G E Shipping) has signed a contract to sell “Jag Vidhi”, a Very Large Gas Carrier. The 1990 built vessel of about 49,701 dwt will be delivered to the buyers in the second half of 2014-15.


Pan Ocean Orders OCTOPUS-Onboard for Heavy Lift Vessels

MV Sun Shine-vrij te gebruiken2.JPG

The Korean based global shipping company Pan Ocean, has ordered OCTOPUS-Onboard system from Amarcon for two semi-submersible heavy lift vessels. The state-of-the-art ship monitoring and advisory system will support the vessels’ route planning, optimization of speed


Meyer Werft joins forces with STX Finland

photo: courtesy Meyer Werft

German cruise ship builder strengthens its yards.   MEYER WERFT joins forces with the STX Finland shipyard in Turku. Following weeks of negotiations the Finnish Government and MEYER WERFT signed a share purchase agreement with the current owner STX Europe


TUI Cruises Expands to Six Ships by 2017

Credit  - TUI Cruises

TUI AG and Royal Caribbean Cruises are substantiating their expansions plans for their joint venture TUI Cruises. The Mein Schiff fleet shall grow from now three to six ships and then 14,000 beds by 2017. TUI Cruises is strengthening its already sound and dynamic position in the German cruise


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


Offshore 'Walk-to-Work' Contracts for Uptime

BSC CSS1: Photo Uptime International

Uptime International says it has entered into contracts with MAC Offshore Dubai and Fujian Mawei Shipyard China for delivery of three active motion compensated gangways. The first of these three gangways will be mounted early 2015 on their third Compact Semi Sub (CSS) maintenance vessel


Pskov Gas Carrier Construction Nears Completion

Photo courtesy of RS

On August 25, 2014, the naming ceremony for the Pskov high-tech liquefied natural gas (LNG) carrier was held at the South Korean shipyard STX Offshore & Shipbuilding. The ceremony was attended by Aleksander Medvedev, Deputy Chairman of the Gazprom Management Committee, Evgeniy Ambrosov






 
rss feeds | archive | privacy | history | articles | contributors | top news | contact us | about us | copyright