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
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
Dutch company Offshore Wind Services (OWS), specialists in the provision of crew transfer vessels to the offshore wind industry have ordered a Damen FCS 2008. This is the company’s second vessel ordered from Damen this year. Damen Shipyard Den Helder in the Netherlands will meet the specific requirements of the client. This includes outfitting the vessel with a second generator set and offshore crane. She will also be painted in the company’s colors
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
Portsmouth Shipbuilding Group was set up in the wake of the decision made by BAE Systems last year to relocate its shipbuilding division to the Clyde, in Scotland, a move that put hundreds of jobs at risk, reports ‘The [Portsmouth] News'. But the project needed £100m of government money to get off the ground, and as no commitment was made by ministers that the cash or another Offshore Patrol Vessel [order] would come to light, it never happened.
Star Bulk Carriers Corp. took delivery on February 27 of M/V Honey Badger (ex HN NE 164) and M/V Wolverine (ex HN NE 165), two 61,000 dwt Ultramax bulk carriers built by Nantong COSCO KHI-Ship Engineering Co. (NACKS). The new vessels are the first two of four similar vessels ordered at NACKS, which are all built with modern specifications for low fuel consumption and reduced carbon emissions, Star Bulk said. Following the delivery of the vessels
Stena Bulk has placed an order for three 50,000 dwt IMOIIMAX MR tankers with the Chinese shipyard CSSC Offshore & Marine Engineering (CSSC OME), formerly Guangzhou Shipyard International (GSI), in Guangzhou. It has also taken out an option on a further two vessels. The total value of the order is $200 million. The first delivery is planned for the end of 2017 after which the vessels will be delivered at three-monthly intervals.
The newbuild “arms race” for mega containerships may not deliver the hoped-for cost benefits, according to shipping consultancy Drewry, whose study on these increasingly massive vessels found new operational and financial impacts on lines, terminal operators
The chemical and product tanker Stena Weco Impulse, jointly owned on a 50-50 basis by Stena Bulk and the Danish Weco Group, has been delivered from the Chinese shipyard CSSC Offshore & Marine Engineering (CSSC OME) in Guangzhou.
As the downturn in the number of new vessel orders last year took hold, shipyards’ flexibility to switch sectors to take orders became a key factor in their ability to face up to an extremely challenging period, says Clarksons Research.
AIDA Cruises’ new flagship AIDAprima docked in Britain’s Southampton port for the first time on the morning of April 27, 2016, as part of a four-day short cruise. AIDAprima will become the first cruise ship to depart from a German port all year round
U.S. boat builder Moose Boats announced the delivery of two new vessels, as well as a new build order Moose Boats, a boat designer and manufacturer in the San Francisco Bay Area, announced two recent vessel deliveries: a M2-35 Catamaran Patrol Boat to the Placer County Sheriff’s
Lloyd’s Register (LR) won the deal for classification of nine Medium Range (MR) type product tankers. Owned by Maersk Tankers, the vessels are to be built at Samsung’s Ningbo yard in China. These are the first ever vessels ordered by a Danish ship owner to the
Arctech Helsinki Shipyards Oy (part of United Shipbuilding Corporation) held a keel laying ceremony last week (17 December) for a new icebreaking platform supply vessel ordered by PAO Sovcomflot under a long-term agreement with Sakhalin Energy.
Downturn in dry freight market started in 2008; more ships expected to hit the water next year. Shipping companies that transport commodities such as coal, iron ore and grain face a painful year ahead, with only the strongest expected to weather a deepening crisis caused by tepid demand and a
2015 was clearly a very challenging year for the shipping markets. With earnings rock bottom in many sectors, investors shifted into a lower gear with respect to the placement of new vessel orders last year, says Clarksons Research.
SAAM has taken delivery of its first two tugs to be powered by GE Marine. These new 80-ton RAstar 3200 terminal support tugs include two 8L250 GE Marine diesel engines. Designed by Robert Allan Ltd. and built at Guangdong Bonny Fair Heavy Industry Limited in China
The chemical and product tanker Stena Imperative was yesterday named at China Merchants Wharf in Hong Kong. The vessel, an IMOIIMAX MR tanker, is wholly owned by Stena Bulk and was delivered a few days ago from the Chinese shipyard CSSC Offshore & Marine Engineering (CSSC OME*) in
With three species of migrating cod to fish and new commercial species arriving as oceans warm, Norway is a fisheries Valhalla. Yet, recent boat sales suggest the Scandinavian country’s role is changing. Vessel orders and rules in Norway are propping up yards and designers on Europe’s
Debut comes as industry battles prolonged downturn. China on Thursday launched a challenge to global shippers AP Moller Maersk and Mitsui OSK Lines, but analysts said the giant company must slim down its workforce and order book to weather one of the industry's worst-ever slumps.
All signs point to a continuation of struggling theme for containerized-ocean-freight industry into 2016 and beyond, warns a study by AlixPartners. The containerized-ocean-freight industry suffered in 2015. Its continuing financial woes accelerated because nearly all key
Danish shipping company D/S Norden said the dry cargo market reached its lowest point last year and will not recover this year under the weight of overcapacity and the Chinese economy's transition away from an industrial economy. China's insatiable appetite for coal and iron ore that