Sinopacific Shipbuilding Group has secured an order for construction of nine Anchor Handling Tug Supply (AHTS) vessels from Abu Dhabi National Oil Company (Adnoc). The price of the deal has not been revealed, however the vessels are slated for delivery in 2017 to Adnoc’s wholly-owned subsidiary Esna
Sinopacific Shipbuilding Group has secured an order for construction of nine Anchor Handling Tug Supply (AHTS) vessels from Abu Dhabi National Oil Company (Adnoc). The price of the deal has not been revealed, however the vessels are slated for delivery in 2017 to Adnoc’s wholly-owned subsidiary Esna
South Korean shipbuilding majors have decided to share their patents with smaller local counterparts as a way of helping them develop the capability to build eco-friendly ships. Namely, Hyundai Heavy Industries Co. (HHI), Daewoo Shipbuilding & Marine Engineering Co. (DSME), and Samsung Heavy Industr
South Korean shipbuilding majors have decided to share their patents with smaller local counterparts as a way of helping them develop the capability to build eco-friendly ships. Namely, Hyundai Heavy Industries Co. (HHI), Daewoo Shipbuilding & Marine Engineering Co. (DSME), and Samsung Heavy Industr
Oslo-listed Aker Philadelphia Shipyard ASA has revealed plan to divest its portfolio of shipping assets, drawing an end to a build-up of investments as a partial owner in eight Jones Act product tankers with an approximate contract value of USD 1 billion. The divestment coincides with the name chang
Oslo-listed Aker Philadelphia Shipyard ASA has revealed plan to divest its portfolio of shipping assets, drawing an end to a build-up of investments as a partial owner in eight Jones Act product tankers with an approximate contract value of USD 1 billion. The divestment coincides with the name chang
Japan’s Mitsubishi Corporation (MC) and Nippon Yusen Kabushiki Kaisha (NYK Line) have entered into a USD 590 million agreement with Dutch SBM Offshore N.V. to buy a combined 45% stake in a Floating, Production, Storage and Offloading (FPSO) system Turritella. MC (30% interest), NYK Line (15% interes
Japan’s Mitsubishi Corporation (MC) and Nippon Yusen Kabushiki Kaisha (NYK Line) have entered into a USD 590 million agreement with Dutch SBM Offshore N.V. to buy a combined 45% stake in a Floating, Production, Storage and Offloading (FPSO) system Turritella. MC (30% interest), NYK Line (15% interes
The biggest spender on second hand tonnage in the first half of 2015 is United States-based transporter of crude oil Gener8 Maritime, which has earmarked USD 1.4 billion for a total of 14 vessels, according to VesselsValue. General Maritime Corporation and Navig8 Crude Tankers Inc. completed their m
The biggest spender on second hand tonnage in the first half of 2015 is United States-based transporter of crude oil Gener8 Maritime, which has earmarked USD 1.4 billion for a total of 14 vessels, according to VesselsValue. General Maritime Corporation and Navig8 Crude Tankers Inc. completed their m
Shares in the South Korean Daewoo Shipbuilding & Marine Engineering (DSME) plummeted by the daily permissible limit of 30% on Wednesday, following a media report that the company had amassed around KRW 2 trillion (USD 1.8 billion) of losses that have not yet been booked, according to local media. Sh
Shares in the South Korean Daewoo Shipbuilding & Marine Engineering (DSME) plummeted by the daily permissible limit of 30% on Wednesday, following a media report that the company had amassed around KRW 2 trillion (USD 1.8 billion) of losses that have not yet been booked, according to local media. Sh
Singapore-listed Sembcorp Marine (SCM) has entered into a USD 1 billion contract to build the world’s largest DP3 semi-submersible crane vessel (NSCV) for Heerema Offshore Services B.V. This follows an earlier exclusive letter-of-intent signed between SCM’s wholly owned subsidiary Jurong Shipyard an
Singapore-listed Sembcorp Marine (SCM) has entered into a USD 1 billion contract to build the world’s largest DP3 semi-submersible crane vessel (NSCV) for Heerema Offshore Services B.V. This follows an earlier exclusive letter-of-intent signed between SCM’s wholly owned subsidiary Jurong Shipyard an
