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
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
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
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
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
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.
China's Choi delivers first of pair of Offshore Supply Vessels to the Mohammad Al Mojil Group in Saudi Arabia OSV Almojil 60 is the first delivery in a pair of sisterships for the Mohammad Al Mojil Group in Saudi Arabia to a design by Wartsilla Ship Design Singapore Pte. Ltd. Construction is to ABS class, with the notation +A1 circle E, +AMS Offshore Support Vessel. Propulsion power comes from a pair of Caterpillar 3512C diesels, each developing 1575hp at 1800rpm
The ratio of container TEU capacity on-order compared to the trading fleet dropped below 20% in June, reports Braemar Seascope. The broker advises that, as the container industry is expected to take delivery of record volumes of TEU capacity this year
Specialist boatbuilder Strategic Marine delivered the Njord Puffin to offshore windfarm service fleet operator Njord Offshore for deployment in Northern Europe. “The Puffin is the sixth in a series of eight vessels ordered, a strong signal of our commitment to the global windfarm industry
The 3600 TEU container ship, built under the supervision of Navgathi Marine by Hyundai Sambo delivered to Pacific International Lines. Hanjin Argentina is the third of a series of four such vessels ordered by Pacific International Lines of Singapore from the S. Korea shipbuilders.
Siem Offshore contracts Remontowa Shipbuilding S.A. of Poland to construct a dynamically positioned Cable Lay Vessel (CLV). The associated gross project cost for the first vessel, scheduled for April 2015 and ready for operation, is approx. USD 85 million.
Mitsubishi Heavy Industries, Ltd. (MHI) gets additional order to build 2 seismic vessels for Norway's Petroleum Geo-Services ASA (PGS). The order for the two vessels was placed upon exercise by PGS of the option right that was provided when two same type vessels were ordered to MHI in April 2011
The Port of Hamburg receives the first of a total of eight 13,380-TEU COSCO newbuildings at HHLA’s Container Terminal Tollerort. Delivered at the end of February, the completed containership Cosco Belgium will berth in Hamburg on April 11
IHC Merwede has revealed a healthy net profit margin of 4.1% in 2012 and a positive sales forecast for the year ahead. The company develops and builds vessels, equipment and life-cycle support services for the dredging, mining and offshore industries
Newbuildings orders for 5 container ships were cancelled and advance payments partially refunded by the shipbuilders. In addition, the company reached an agreement regarding the postponement of payments due in 2013 for other orders. The agreements relieve the company from Off-balance sheet
Edda Accommodation, operated by Østensjø Rederi, order a mono-hulled accommodation vessel from Hyundai Heavy Industries. This next generation Offshore Accommodation Vessel, designed by Salt Ship Design, is 155 meter long and will have a total accommodation capacity of 800 persons
OceanGuard Ballast Water Management System (BWMS), developed and manufactured by Headway Technology Co. Ltd., has been installed on board Aida Stella, a Carnival luxury cruise vessel. Aida Stella is the first order and application among in Germany for Headway
Kleven has signed a contract with GC Rieber Shipping for the building of an advanced seismic vessel. The vessel is of type ST 324 XT from Skipsteknisk, and is to be delivered from Myklebust Verft in March 2015. Contract value is around 700 million NOK and there is an option for a second vessel
DOF Subsea Group has contracted with STX OSV for the construction of an Offshore Subsea Construction Vessel (OSCV). The new ship will be of OSCV 12 design, developed by STX OSV with a total length of about 161 meters and a beam of 32 meters.
Hyundai Heavy Industries, the world’s largest shipbuilder, has announced it won an order to build a multipurpose offshore construction vessel (MOCV) from Toisa Ltd. The contract includes an option exercisable by the owner for an additional same class MOCV.
Björn Rosengren President & CEO of Wärtsilä delivers his year 2012 financial results message to shareholders. Extracts from the message follow: "During 2012, we closed our largest ever acquisition with the purchase of Hamworthy
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