S. Korea Succeeds in Developing Shipbuilding-IT Convergence Technology

South Korea succeeded in developing a ‘smart shipbuilding system,’ which combines information technology (IT) with shipbuilding expertise to allow land-based monitoring of ships and remote maintenance and repair functions. [Read More] Source: mk Business N...

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Laying the keel for new Fjord Line Ferry in Gdansk

The traditional starting point for a new ship, known as laying the keel, has been celebrated for the first of Fjord Line's two new cruise ferries with a ceremony at the shipyard in Gdansk on Wednesday 23 March. At the same time, steel work has started on the other...

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MIS SIGNS CONTRACT WITH SHIPYARD GROUP CRIST SA

Fabrication of legs for wind turbine installation vessel UAE-based MIS Group (Maritime Industrial Services - OSE: MIS), a diversified engineering and contracting group focused on the energy sector, has signed a contract with Polish shipbuilding yard CRIST S.A....

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German police find evidence for serious fraud at Beluga Shipping

According to German online newspaper, Handelsblatt, Oaktree Capital, the US-based investment firm owning a 49.5 percent stake in Beluga, has sent documents to the Bremen prosecutor revealing that Beluga’s leadership had grossly exaggerated earnings and had created...

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Fuel Efficient Container Vessels Will Change West African Logistics Picture

WEST AFRICA - Named this week after the capital of Guinea, the Maersk Conakry is the first of a series of twenty two container ships ordered by A.P. Moller-Maersk from Hyundai Heavy Industries in Korea. The West Africa MAX, (WAFMAX) vessels will be the largest...

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Statoil sees US drill costs rise

Additional regulation in the aftermath of the Deepwater Horizon oil spill could boost the cost of drilling new oil and gas wells in the Gulf of Mexico by 10%, Norway’s Statoil said today. [Read More] Source: Upstr...

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Fred Olsen shops for drillships

Norwegian drilling contractor Fred Olsen Energy is on the verge of placing an order for the construction of up to two deep-water drillships. Sources said Fred Olsen will soon sign a deal with South Korean yard giant Hyundai Heavy Industries for one firm drillship...

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Transocean considers spinning off part of fleet

Transocean Ltd (RIG.N: Quote) (RIGN.VX: Quote), the world's largest offshore drilling contractor, will consider spinning off an older part of its fleet in order to improve its profile, its chief executive said on Monday. [Read More] Source: Reut...

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Sammy Ofer orders two plus two drillships at Samsung

Sammy Ofer’s Pacific Drilling has inked up to four deepwater drillships in South Korea. 

The Houston-based company has ordered two deepwater drillships at Samsung Heavy Industries in a deal worth $1bn or $500m per ship. [Read More] Source: Seatrade A...

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Finnish newbuildings to be fitted with Hyde BWT systems

The German shipbuilder, Flensburger Schiffbau, is building two 195m Ro-ro ships to LR Ice Class and ‘Green Passport’ notation for Rettig Group, Bore of Finland which will be fitted with ballast water treatment systems supplied by US-based Hyde marine. [Read More] Source:...

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Graig wins major Chinese newbuilding contract

Shanghai-based Graig China, part of the UK’s Graig group, has won a ten ship order to supervise newbuildings for Chinese leasing company Minsheng Financial Leasing Co Ltd. The supervision contract brings to twenty-three the number of Chinese-owned vessels building...

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Pirates hijack AMPTC tanker

The 105,846 dwt Arab Maritime Petroleum Transport Company tanker Zirku was hijacked by Somali pirates today. EU Navfor says the ship was pirated at approximately 0900 GMT, approximately 250 nautical miles southeast of Salalah in the eastern part of the Gulf of...

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MS Oliva update

Yesterday morning Conservation Officer Trevor Glass reported from the fishing vessel  Edinburgh that the oil slick in Petrel Bay on Nightingale Island was still present.  However, no more oil is escaping from the fore or aft sections of the wrecked Oliva....

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Xiamen port refuses MOL Presence a berth over 'abnormal' radiation

CHINA has refused docking to the MOL Presence after "abnormal" amounts of radiation were detected on the deck of the ship's surface containers, Bloomberg reports. [Read More] Source: Sean...

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ADPC announces letter of intent for operator of Khalifa Port, Abu Dhabi

ADPC (Abu Dhabi Ports Company) has signed a letter of intent to award the port operations for the new Khalifa Port to ADT (Abu Dhabi Terminals) when phase 1 of the port opens for business in Q4 2012. Announcing the decision on the first day of the World Ports...

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Radiation Detector Demand for Ships Surges on Japan Nuke Concern

Demand for radiation detection devices from companies sending oil, natural gas and other cargoes to and from Japan is rising after an earthquake damaged the Fukushima Dai-Ichi nuclear reactor. [Read More] SOURCE: Bloomb...

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IMO chief warns global trade at risk from disruption to shipping lanes

International trade is facing sharply higher risks due to the globalisation of shipping networks, with future disruptions especially likely to emanate from the Mena region. [Read More] SOURCE: The Natio...

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Charter Rates Rise Amid Falling Freight Rates

Container ship charter rates are still rallying even as freight rates are falling as ocean carriers seek additional tonnage to defend market share amid strong cargo volume ahead of the summer peak shipping season. A gearless Panamax vessel of 3,500 20-foor equivalent...

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Baltic sea index flat, cargo bookings still slow

The Baltic Exchange's main sea freight index .BADI, which tracks rates to ship dry commodities, was flat on Monday as slow cargo business continued to weigh on sentiment. The index was unchanged at 1,585 points from Friday after previously rising for four consecutive...

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No Reports of Ships Avoiding Japan, Largest Maritime Group Says

The Baltic and International Maritime Council, representing two-thirds of the world’s merchant fleet, said it has yet to be told by any shipping line they are avoiding Japan because of the threat of radiation. The group told its members last week that radiation levels in Tokyo and outside a 30 kilometer...

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Japan factor rippling through the shipping markets

With the world watching the latest developments regarding the nuclear crisis in Japan and the devastating effects of the recent tragedy that struck the country in the local economy, the shipping sector has also been greatly affected. Every day that goes by things...

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Noble Corporation Exercises Options to Construct Two Additional High Specification Jackups

- Total delivered costs of approximately $235 million per rig - Increases number of JU3000N high specification jackups under construction to four - Two options remain until January 1, 2012 ZUG, Switzerland, March 28, 2011 /PRNewswire via COMTEX/ -- Noble Corporation...

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Dril-Quip, Inc. Awarded Contract for the Supply of Subsea Wellhead Equipment

Dril-Quip, Inc. (NYSE: DRQ) today announced that it has been awarded a contract by Chevron U.S.A. Inc. to supply drilling equipment for the Big Foot Tension Leg Platform (TLP) to be installed in the Big Foot field located in the Walker Ridge area of the Gulf of...

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NF Energy Saving Corp. Announces Contract with China State Shipbuilding Corporation

SHENYANG, China, March 28, 2011 /PRNewswire-Asia/ -- NF Energy Saving Corp. (Nasdaq: NFEC) ("NF Energy" or the "Company"), a leading provider of energy management services and producer of energy efficiency products, announced today that it has signed a contract...

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Maersk Names New Vessel Customised for West Africa

A.P. Moller – Maersk is pleased to announce the naming of the first of a series of 22 WAFMAX container vessels currently being built by Hyundai Heavy Industries in Korea. Named after the capital of Guinea, Maersk Conakry and the 21 other West Africa MAX (“WAFMAX”)...

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Overcapacity fears depress spot rates, but end in sight: BIMCO

ASIA-EUROPE spot rates - Shanghai to Europe - declined to US$1,000 per TEU last week, continuing an overall slide since the third quarter of 2010 in the face of overcapacity as more tonnage joins the global container fleet. [Read More] Source: Sea N...

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Rotterdam port posts earnings of US$218 million for 2010

THE port of Rotterdam in the Netherlands earned EUR154 million (US$218.2 million) in 2010, an increase of EUR10 million compared to the previous year, excluding the one-off proceeds of a sale in 2009. [Read More] Source: Sea N...

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CMA CGM 13,830-TEUer sale includes charter, repurchase options

FRENCH container shipping line CMA CGM is selling two 13,830-TEU vessels for US$171 million each to Ship Finance International Limited (SFIL) with a subordinated seller's credit of $55 million per vessel. [Read More] Source: Sea N...

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Indian navy captures 16 Somali pirates on Iranian ship

India's navy has seized 16 Somali pirates after a three-hour-long battle in the Arabian Sea, a spokesman said. The navy also rescued 16 crew members of a hijacked Iranian ship west of the Lakshadweep islands. The crew included 12 Iranians and four Pakistanis. [Read...

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Europe Prepares to Impose Carbon-Reduction Measures on Maritime Transport

The European Union is preparing to include maritime transport in its emissions-trading system or impose charges on carbon discharges from ships should international talks fail to cut pollution from the industry. [Read More] Source: Bloomb...

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Green award given to Qatargas LNG carriers

Qatargas, the world’s largest liquefied natural gas (LNG) producer, received the ‘first ever’ Certificate of Recognition from the Green Award Foundation for its fleet of LNG Carriers at GASTECH 2011, Amsterdam. [Read More] Source: Sea N...

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Eni Signs Memorandum For Upstream Cooperation In Ukraine

Eni SpA (E), Italy's biggest energy company by market value, said Monday it signed a memorandum of understanding with Ukraine for possible hydrocarbon exploration and production deals. [Read More] Source: Capital...

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Big players shun India round

India received 74 bids for 33 oil and gas exploration blocks in the latest round of auctions today, but most global majors continued to shun the country's energy sector as an investment destination. [Read More] Source: Upstr...

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Statoil drills dry well in Egypt

Norwegian oil and gas firm Statoil (STL.OL: Quote) has drilled a dry well in the El Dabaa licence in the Mediterranean Sea west of the Nile in Egypt, the firm said on Monday. [Read More] Source: Reut...

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Tullow - Teak-2 exploration well discovers hydrocarbons offshore Ghana

Tullow Oil plc (Tullow) announces that the Teak-2 exploration well in the West Cape Three Points licence offshore Ghana has discovered 27 metres of net hydrocarbon bearing Campanian and Turonian reservoirs. The well was targeting an undrilled fault block between...

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Seadrill secures new jack-up contracts in Trinidad and Vietnam

Seadrill has been awarded two new contracts by BHP Billiton Petroleum for Offshore Vigilant in Trinidad and Offshore Resolute in Vietnam. The three well drilling assignment for Offshore Vigilant is expected to take 150 days, and the contract value is approximately...

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Total, Inpex to spend $16.5 bil by 2017 on Indonesia Mahakam gas block

The Indonesian unit of Total and its partner Japan's Inpex plan to spend a total of $16.5 billion over 2011-2017 to develop the Mahakam gas block in East Kalimantan, Total, the block operator, said in a statement Sunday. [Read More] Source: pla...

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EnCore Oil - Successful Burgman Side-track Result

EnCore Oil plc announces that the Burgman side-track well 28/9-4z located on UKCS Central North Sea Block 28/9 has successfully encountered hydrocarbons in the targeted Lower Tay sandstone interval. The well was drilled directionally with a hole angle up to 64...

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SIEM CONTRACTS FOR FIVE VESSELS FOR DRILLING CAMPAIGN WEST OF GREENLAND

Siem Offshore and Capricorn Greenland Exploration 1 Ltd. have agreed contracts for three PSVs and two AHTS vessels for the Operator’s 2011 exploration campaign West of Greenland during the Summer Drilling Campaign 2011. The PSVs Siem Louisa, Siem Danis and Sophie...

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STX OSV SECURES CONTRACT FOR A PLATFORM SUPPLY VESSEL WITH NORSEA GROUP

STX OSV Holdings Limited, one of the major global designers and shipbuilders of offshore and specialized vessels,  announces that it has secured a new contract for the design and construction of a Platform Supply Vessel with NorSea Group AS. The vessel will...

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Nido Petroleum Announces Gindara-1 Drilling Program Approved

Nido Petroleum Limited , on behalf of the SC 54B Joint Venture, is pleased to announce the Philippine Department of Energy (DOE) has approved the Gindara-1 Drilling Program. This approval marks another important milestone in the lead up to the drilling of the...

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SIEM Offshore increasing ownership in overseas drilling LTD.

Siem Offshore Inc. is in discussions to acquire the remaining 50% ownership interest in the shares of Overseas Drilling Ltd (“ODL”) from a subsidiary of Transocean Ltd. for USD 22.5 million. The acquisition will be subject to a definitive purchase agreement. ODL...

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Statoil completes well in Egypt

The Kiwi well in the Egypt’s El Dabaa Licence (Block 9) was completed this week and the Discoverer Americas drillship will soon head back to the US Gulf of Mexico. The exploration well targeted the Kiwi prospect in the El Dabaa licence, located in the Mediterranean...

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Swissco Places Orders For 3 Offshore Support Vessels

Swissco Holdings Ltd (“Swissco” or together with its subsidiaries, the “Group”) is pleased to announce that it has, through its wholly owned subsidiaries, Swissco Energy Services Pte Ltd and Swissco Offshore Pte Ltd, entered into shipbuilding contracts for the...

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Afai Southern Exported Another Five Aluminum Alloy Ferries

Shipment work of the second batch five DFF3207 vessels built cooperatively by Afai Southern and Damen, has been finished at Huangpu Port till the afternoon of March 23, and departured to Dubai at that night.During the two and half days of loading, workers from...

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G E Shipping takes delivery of new building Supramax Dry Bulk Carrier from COSCO Shipyard

The Great Eastern Shipping Company Ltd. (G E Shipping) took  delivery of its new building Supramax dry bulk carrier “Jag Rishi”. The  vessel of about 57,000 dwt  was built at COSCO (Zhoushan) Shipyard, China. With the induction of “Jag Rishi”, the Company’s fleet stands at 34...

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Jinan Steel ink strategic cooperation agreement with Jiangsu New Century Shipbuilding Co

It is reported that Jinan Steel signed strategic cooperation agreement with Jiangsu New Century Shipbuilding Co Ltd in Wuxi. As per report, Jinan Steel has been producing ship plate since the beginning of 1970s, although the scale was small with the yearly output...

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STX Group denies rumours of bankruptcy for unit; shares down

STX Group-related shares including STX Corp.and STX Offshore & Shipbuilding, tumbled on market rumours on Monday that were picked up in the local financial media that the group's construction unit was about to file bankruptcy, which the group denied. [Read...

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Zhejiang Ouhua Shipbuilding scores Greek boxships

It is reported that China Zhejiang Ouhua Shipbuilding has won an order for two 4,800 TEU box ships plus two optional ships from Greece Thenamaris. Each of the ships will have a length of 250 meters width of 37.3 meters and height of 19.6 meters. [Read More] Source:...

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Tullow discovers oil offshore Ghana

Tullow Oil has found oil at the Teak-2 exploration well in the West Cape Three Points licence offshore Ghana. The Irish oil company, which has a 23% stake in the licence, discovered 27 metres of net hydrocarbon bearing Campanian and Turonian reservoirs at the...

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