South Korean shipbuilding giant Hyundai Heavy Industries (HHI) has recorded 25.1 percent lower order intake for the first nine months of 2014 when compared to the same period last year. According to the company’s Interim Report on Business Performance, new orders rounded up at USD 16.3 billion, arou
Germany’s bulk transportation company Oldendorff Carriers has taken delivery of its first owned Capesize newbuilding. The 207,600 tdw Linda Oldendorff and Lavinia Oldendorff were both delivered on their contractual date of 30th September 2014 by Hyundai Heavy’s new Gunsan yard, the company said. MV
Singapore Exchange-listed Triyards Holdings Limited has reported a decrease of USD 3.8 million (11%) and USD 5.2 million (45%) in profit before tax for FY14 and 4Q14 respectively, compared to FY13 and 4Q13, attributing the drop to a slimmer revenue, increase in administrative expenses and financial
Wilhelmsen Technical Solutions (WTS) has completed the gas trial for the first LNG carrier built to a Boil Off Rate (BOR) of 0.08% per day. WTS subsidiary company Ti Group completed the test on the LNG carrier Seishu Maru, currently under construction at Mitsubishi Heavy Industries in Japan for NYK
Scorpio Bulkers has received commitments from DNB Capital, the Export-Import Bank of Korea, Korea Trade Insurance Corporation, as well as Korean and international pension funds and financial institutions, for a loan facility of up to USD 411.2 million. The loan will be used to finance up to 60% of 1
Chinese shipyard group China Rongsheng Heavy Industries said that its majority-owned subsidiary Jiangsu Rongsheng Heavy Industries posted a net loss of about RMB3.36bn (USD 548.6m) for the nine months ended 30 September 2014. Rongsheng said the net loss was primarily due to the low prices of shipbui
Samsung Engineering Co., Ltd, the largest engineering company in Korea, will commence the Front End Engineering Design (FEED) for the Texas LNG 2 MTA (million tonnes per annum) liquefaction project in Brownsville, Texas, Houston-based energy company Texas LNG said in a release. According to the anno
Singapore-based marine and offshore engineering group Sembcorp Marine has secured offshore energy related contracts valued at a combined SGD 222 million (USD 174.3m) through its subsidiaries Jurong Shipyard Pte Ltd and Sembmarine SLP. Jurong Shipyard has been contracted by MODEC Offshore Production
Cruise Passenger with Ebola Symptoms Denied Entry to Belize A Dallas hospital nurse who was reportedly in contact with specimen collected from a deceased Ebola patient, travelling on board Carnival Magic, has been denied entry to Belize. (read more…) Hindustan Shipyard Badly Damaged by Hudhud Damage
Singapore Exchange-listed Nam Cheong has secured Letters of Intent (LOI) from five customers worth approximately USD 186 million, with a mix of sale and charter of 12 newly launched NCA80E, 64.8m diesel electric powered Anchor Handling Tug Supply Vessels (AHTS). The group has also secured options fo
Shanghai-based iron and steel company Baosteel Group has ordered two capesize bulkers from Chinese shipbuilder Qingdao Beihai Shipbuilding Heavy Industry. The two 180,000dwt vessels are slated for delivery in the first quarter of 2016. The value of the contract has not been revealed, but the estimat
Meyer Turku Oy floated out the cruise ship Mein Schiff 4 on October 10, 2014. The Finnish shipyard is planning to hand over the newly built cruise ship to its German owner TUI Cruises in spring 2015. During the summer of 2015, Mein Schiff 4 will travel on a variety of routes in the Baltic Sea to the
KD Consortium, consisting of KBR and Daewoo Shipbuilding & Marine Engineering Company, has been awarded a front end engineering design (FEED) contract by Eni East Africa SpA for a floating liquefied Natural Gas (FLNG) facility for the Coral South Development Project located in Mozambique. With the a
Norwegian shipbuilder Kleven has signed a contract with Maersk Supply Service A/S for the building of six anchor handling vessels, with options for up to four additional vessels. The 95 meter long vessels are of SALT 200 AHTS design from Salt Ship Design, and will be built at Kleven’s two shipyards
