China on its way to become a shipbuilding superpower

Shanghai: If measured by the number of ships produced and the number of vessel orders received, China is the world’s leading shipbuilder. However, in order to become a real superpower in the shipbuilding industry China still needs some more time, so being said...

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Gazprom and E.ON discuss joint projects

Zurich (Switzerland) hosted today a working meeting of Alexey Miller, Chairman of the Gazprom Management Committee, Dr. Johannes Teyssen, Chairman of the E.ON AG Management Board and Klaus Schaefer, Chairman of the E.ON Ruhrgas AG Management Board. The meeting...

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Statoil: First fast - track on track

The Visund South seabed template at Grenland Group’s yard in Tønsberg last week. (Photo: David Burke) Statoil’s first fast-track –project – Visund South – is moving ahead as planned. The seabed template has commenced its journey out to the field located south...

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Hawkes Ocean Technologies Makes Underwater Airplanes

The deep sea, not space, is the latest frontier for achieving new records of exploration, and Hawkes Ocean Technologies (Hawkes) is leading the way with its series of winged submersibles that fly through the water, operating much like underwater aircraft. For...

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CB&I Awarded Engineering Contract for Golden Eagle Offshore Platforms

 CB&I announced that it has been awarded a contract valued at approximately $150 million by Nexen Petroleum U.K. Limited for the detailed engineering of two fixed platforms for the Golden Eagle field in the U.K. sector of the North Sea.CB&I's scope...

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FUGRO: Geophysical & Geotechnical Contract Awards Mexico

FUGRO in conjunction with long-time associates, Constructora Subacuatica Diavaz, S.A. de C.V., has been awarded two large independent multi-site high resolution geophysical and geotechnical surveys by Mexico’s national oil company PEMEX. Overall value of the...

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Ecore: Astep change in VLOC design

Together with FKAB, TGE Marine, Cargotec and MAN Diesel & Turbo, DNV has participated in a joint industry project to develop Ecore, a Very Large Ore Carrier concept designed to lower fuel costs and improve loading efficiency. Based on existing technology,...

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Hyundai & Daewoo eye NOL orders

South Korea's Hyundai Heavy Industries and Daewoo Shipbuilding & Marine Engineering may win large containership orders from Singapore’s Neptune Orient Line (NOL). The liner company is gearing up to spend more than $1.5bn on containership newbuildings comprising...

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Samsung to sign 4,700TEUs

South Korea's Samsung Heavy Industries is said to be finalizing an order for three 4,700-teu containerships with Hanjin Shipping. Industry sources say Hanjin is paying around $60m per ship and will take delivery of them in late 2012 and early 2013. [Read More] Source:...

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World's shipowners seek naval mandate to sink pirate motherships

SHIPOWNER associations' of the International Chamber of Shipping (ICS) and the International Shipping Federation (ISF) has urged navies to authorise a legal mandate to immobilise pirate motherships and provide up-to-date information on their location to shipping. [Read...

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Cosco faces loss of $1bn rig contract from Sevan

Shipbuilder Cosco Corp could suffer from a $1.05bn loss of contract to build two oil rigs from its customer Sevan Marine, which is currently facing severe financial difficulties. The Norwegian oil services group Sevan Marine said on Thursday it had cancelled its...

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Petrobras To Invest $27 Billion In Brazil Exploration Through 2015

RIO DE JANEIRO -(Dow Jones)- Brazilian state-run energy giant Petroleo Brasileiro (PBR, PETR4.BR) will invest $27 billion on domestic exploration through 2015, the company's area manager for exploration and production said Thursday. [Read More] Source: Foxbus...

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Awilco: WilPhoenix and WilHunter are delivered

Awilco Drilling PLC confirms that the WilPhoenix and WilHunter are delivered from the Remontowa Shipyard in Poland following extensive rig upgrading and re-classing projects. WilPhoenix is currently en route to its drilling location. WilHunter is undergoing...

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Fairstar Heavy Transport orders OCTOPUS-Onboard for two new builds

The Dutch company Fairstar Heavy Transport has ordered two OCTOPUS-Onboard systems for the two new build semi-submersible heavy lift vessels MV Forte and the MV Finesse. Fairstar Heavy Transport NV is the leading provider of marine heavy transport solutions involving...

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OOCL and NYK Finalize Charter Agreement for Four 13,000 TEU Vessels

NYK and OOCL are pleased to announce that they have entered into an agreement for the charter of four 13,000 TEU ships. OOCL has exercised its option to order an additional four 13,000 TEU ships on top of the original order of six. Out of the ten ships, four will be chartered to NYK for a period of...

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