According to Reuters, STX expects top South Korean shipyards to jointly win offshore project orders from Brazil's Petrobras. Petrobras is expected to issue large tenders for offshore oil development vessels, including drillships and floating product storage and offloading units. In April, Petrobras executives visited South Korea and held individual meetings with shipbuilders on vessel orders worth a total $25 billion-$30 billion.
The National Shipping Company of Saudi Arabia (Bahri) receives the 'Bahri Abha' from South Korea's Hyundai Mipo shipyard. The new ship, of 26,000 dwt, was built especially for the general cargo trade and is the first to be delivered of six vessels that were contracted by the Company with Hyundai Mipo shipyard in 2011 for a total value of SAR 1,543 million. The remaining five general cargo vessels ordered by Bahri are under construction at Hyundai Mipo in South Korea with delivery expected
BP Amoco ordered two liquified natural gas (LNG) ships, with options to purchase three more, from Samsung Heavy Industries Co for in excess of $300 million. The oil giant, which is the world's second largest non-state producer of natural gas, said construction will start in April 2001 with delivery of the first ship in the fourth quarter of 2002 and the second in the first quarter of 2003. "This order is part of our strategy for rapidly growing our internationally traded gas business
According to www.dailynews.lk, Colombo Dockyards Plc (CDP) was able to secure six shipbuilding orders Greatship (India) Limited worth over US $110 million following the building of its largest anchor handling tug supply vessel to the company, yesterday. CDP which has undertaken 33 per cent of shipbuilding work of Greatship India conforms to all international ship building standards. This is the first of an order for two anchor handling tug supply vessels ordered by the company and will
Despite shipbuilding market downturn Fincantieri made net profit of euro 10 million Annual financial statement showed Fincantieri closed last year's accounts with approximately euro 2.4 billion in annual revenues, of which more than 80% for the export market, and over euro 1.8 billion in new orders acquired during the year. After two years of significant non-recurring expenses, the 2011 financial year is closing with a net profit of more than euro 10 million
China Rongsheng profit dives as new ship orders dry up. China Rongsheng Heavy Industries Group, the country's largest private shipbuilder, posted its sharpest fall in half-year profit - down 82 percent - on a dearth of new orders, putting further pressure on its stretched balance sheet reports Reuters. In a stubbornly downbeat global economy, the shipping industry has suffered widespread losses, with many small and medium sized Chinese builders close to bankruptcy as bankers cool on a
ESL Shipping Oy, a subsidiary of Aspo Plc, has secured a contract to order two new ice-strengthened dry cargo vessels from the Indian ABG Shipyard Ltd. Expanding ESL Shipping's so-called Eira class, the vessels will be approximately 18,800 dwt bulk carriers equipped with on-deck cranes, and they will be designed to meet the highest Finnish ice class (1A Super). The total value of the investment will be around $60.5M
The car carrier Grande Lagos, the seventh of a 10-vessel order, was launched on February 22 at the Croatian yard Uljanik at Pola for Italy’s Grimaldi-Naples. Grande Lagos, which will be delivered in May, is a 44,500 ton 198,40 m long ship with capacity for 5,400 cars or 456 trucks and 200 cars on 45,671 sq. m., and has a cruising speed of 20 knots. The other three vessels will be delivered at Uljanik for Grimaldi-Naples during the period from 2004 and 2006.
Strategic Marine also delivers fourth of eight windfarm service supply ships for UK operator in Singapore. Strategic Marine, a specialist shipbuilder with operations in Singapore, Australia and Vietnam, will build the Long Term Ashmore Capability (LTAC) for Gardline Australia Pty Ltd on behalf of the Government of Australia. The LTAC will be a 40-meter On Station Vessel designed for reliable, flexible self-sufficiency on longterm deployment in tropical areas.
MAN Diesel & Turbo has contracted to supply 8L32/44CR B.2 engines as part of a complete propulsion package to power a seismic vessel ordered by GC Rieber Shipping of Norway. Four of the engines, along with 2 × 2-speed Flender Twin-In/Single-Out reduction gears and MAN Alpha Twin Screw CP propellers in AHT nozzles, will power the vessel which is classed as Ice Class 1A*. The vessel design is an ST 324 XT from Skipsteknisk of Aalesund
Alfa Laval won a repeat order for its PureSOx exhaust gas cleaning systems valued at approximately €19.5 million from Danish ferry operator DFDS. The contract was signed in June, and the order was booked and communicated to stakeholders in the second quarter of 2013
IHC Merwede named and launched the pipelaying vessel Sapura Diamante in a ceremony at the company’s shipyard in Krimpen aan den IJssel, The Netherlands. The naming of the innovative offshore vessel was carried out by Christina Lucia Duarte Pinho
Oceaneering International, Inc. has commissioned the construction of a subsea support vessel from BAE Systems, expected to be delivered by the end of the first quarter of 2016. The new ship will be U.S. flagged and documented with a coastwise endorsement by the U.S. Coast Guard
Kongsberg Maritime has secured contracts with a value of NOK 150 Million to deliver fully integrated navigation and automation systems for a series of 10 container vessels ordered by United Arab Shipping Company (UASC) and under construction at HII.
China Navigation Company's (CNCo) four new Chief Class 22,000dwt multi-purpose vessels ordered from Zhejiang Ouhua Shipbuilding Co. Ltd. (Ouhua), on Zhoushan Island in China, will each feature three 60-ton variable frequency drive (VFD) MacGregor cranes and hydraulically-operated MacGregor hatch
China Rongsheng Heavy Industries Group Holdings Ltd. (1101) is in talks with two coastal cities and government departments to secure financial assistance, as the nation’s shipowners association forecast a slump in vessel orders will run through next year, reports Bloomberg.
ESVAGT will operate the vessels, due for delivery by Havyard Ship Technology in Dec. 2014 & March 2015, to be used in connection with maintenance of offshore windmill installations. ESVAGT is a new customer for Havyard and it is also the first time Havyard will design vessels for service and
On Jully 24, specialist boatbuilder Strategic Marine launched the Jati Six crew transfer vessel for Malaysian client Dinasti Jati Sdn Bhd. The vessel is part of a multi-ship order. The superstructure was built at Strategic's other shipyard in Vietnam then shipped to their Singapore yard for
Japan’s defense ministry recommends expansion of its marine force and consider a first-strike capability to deal with threats, reports Live Mint/WSJ. Four Chinese vessels ordered Japanese ships to leave waters around disputed islands known as Diaoyu in China and Senkaku in Japan
Strategic Marine, a specialist shipbuilder in Asia, today announced that Njord Offshore, U.K. fleet operator of Crew Transfer Vessels for the growing European offshore windfarm sector, has officially confirmed the option for two more high performance crew transfer and service vessels
IHC Merwede’s Offshore division secured orders worth over €1 billion for the design, engineering and construction of a total of six pipelaying vessels. The agreements for these six ships have been signed with Subsea 7 and Seabras Sapura, the partnership between SapuraKencana and Seadrill
GasLog has ordered two new 174,000 cbm Tri-Fuel Diesel Electric LNG carriers from Samsung Heavy Industries Co., Ltd. in South Korea. The vessels are expected to be delivered in Q3 and Q4 2016, respectively, and upon delivery will commence firm seven-year charters with a subsidiary of BG Group plc
With the newbuilding market remaining quiet towards the end of August, Clarkson Hellas S+P Weekly Bulletin reports a limited number of dry bulk carrier orders in the Capesize sector, with few orders in other sectors as follows: Rizhao Steel (Cara Shipping) are understood by Clarkson Hellas to
Although the top 12 ocean carriers in the world today look set to continue dominating the market up to at least the end of 2014, UASC’s recent newbuild order will propel it up the ladder in a startling way. United Arab Shipping Company’s confirmation last week that it has ordered
The flood of interest in ordering new container vessels is motivated by other factors than supply and demand. The recent surge in new vessel orders at a time of industry-wide overcapacity suggests that market fundamentals are no longer the main driver