01-Dec-2008, Baoshan Steel to raise plate output
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Baoshan Iron & Steel Co., China’s biggest steelmaker, aims to boost output capacity for steel plates by 29% this year to meet surging demand from shipbuilders in South Korea and Japan. Baoshan will do...
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01-Dec-2008, Offshore Ship Designers Status Update
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Three recent deliveries highlight the successful series of offshore support vessels designed by the Offshore Ship Designers group. The VOS Pathfinder completes a series of five basic IMT955 Standby ve...
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30-Nov-2008, Hudong Zhonghua Status Update
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Hudong Zhonghua has not received any orders in the second half of this year but management is not that concerned as the workload has been scheduled till the end of 2011. In 2009, they are very likely ...
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29-Nov-2008, Capesize skidded as a complete ship
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Hull 1179 (Lykiaropoulo), a 183,000 dwt bulk carrier was skidded out at DSME as a fully painted ship. This is the first time DSME had skidded out a fully painted ship from the quayside. The unit will ...
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29-Nov-2008, Ezra considers killing MFSV newbuild options
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Ezra Holdings Limited is “proactively reviewing” its orderbook of five multi-functional support vessels (MFSVs) in view of the uncertainty arising from the current financial crisis. The first of its 3...
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29-Nov-2008, PetroProd completes sale of two conversion candidates
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Retreating from an FPSO conversion plan, PetroProd Ltd., will sell M/T Archimid and M/T Trust, both Aframax tankers. The company currently owns 3 Aframax Tanker Vessels for conversion into floating pr...
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28-Nov-2008, MISC skips Ramunia takeover
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MISC has taken a step back the RM3.2bn ($881m) reverse takeover of offshore fabrication yard Ramunia Holdings. Malaysia Marine & Heavy Engineering had terminated its January sale and purchase agreemen...
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28-Nov-2008, China Exim lifeline with R/Gs
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The State Council controlled Export-Import Bank of China will help the country's cash-strapped shipyards through a credit facility of $10 bn for commercial banks in Zhejiang province to help them prov...
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28-Nov-2008, C& Heavy's second shipyard categorised as failed shipyard
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Worldyards has taken the view that C& Heavy has no chance of converting its Koje Island block factory into a shipyard for building capesize. Consequently, Worldyards has categorised the shipyard as a ...
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28-Nov-2008, Vafias announces twelve newbuild reduction
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Vafias shipping group confirmed it has now cancelled four handysized liquefied petroleum gas carriers that were ordered for its core private company Brave Maritime from the Berk Shipyard on Turkey’s B...
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27-Nov-2008, Keppel may loose $749bn worth of contracts
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Keppel Corp warned that three clients may cancel orders worth S$1.2 billion ($794.2 million). The contracts, signed earlier this year, involve a semisubmersible for Scorpion Offshore, two jackup rigs ...
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27-Nov-2008, Japanese battle sticky high steel prices
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Marine-net reported that “Japanese shipbuilders are set to make do-or-die resistance to the demand for price hikes for shipbuilding steel plates for supply in the second half of fiscal 2008 in their o...
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27-Nov-2008, Grand Bahama breaks tradition with a HAL refit
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Grand Bahama Shipyard has signed a contract with Holland America Line for the $20m upgrade to the 55,451 gt cruiseship Veendam. The programme of work will encompass interior refurbishment including t...
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27-Nov-2008, C& applies for bankruptcy shelter
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C& Heavy Industries Co. wants to undergo a workout arrangement after failing to receive fresh funds from lenders. The assessment for the "Workout" will be decided on December 3. If 75% of debtors agr...
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26-Nov-2008, Samsung slips on rig date
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SeaDrill’s said that the delivery of the West Eminence semi-submersible rig has slipped into January 2009. It is close to completion at Samsung Heavy Industries’ yard in South Korea.
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26-Nov-2008, Transpetro stalls second batch on steel hopes
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Transpetro has stall its second phase order in hopes slumping steel will help. The tender launched in May is for 16 product- and LPG-carriers, three aframaxes and four suezmaxes, all at Brazilian yard...
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25-Nov-2008, Norilsk Nickel signs loan deal to refinance shipbuilding program
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Russian metals giant Norilsk Nickel has signed a 10-year 278.8 million euro loan agreement with foreign banks to refinance its shipbuilding program for the construction of four arctic icebreaking cont...
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25-Nov-2008, BNDES confirms $122m platform supply vessel loan
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Brazilian state bank approved a $122m loan to shipowner Companhia Brasileira de Offshore to build four multipurpose platform supply vessels to double its fleet. The order is for four MPSY-3000 vessels...
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24-Nov-2008, Five star ships exempted from duty tariff
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According to the Water Transport Department of MOC, MOC has reported to the Ministry of Finance the third batch of ships which can enjoy free tax after they return to China for registry and fly Five-s...
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24-Nov-2008, Odense gets out of container ship construction
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Odense has decided to give up production of large container ships and tankers as a result of strong pressure from Asian rivals and the global financial crisis. The shipyard is now examining prospects ...
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