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Transocean Gets Contract
Transocean Inc. announced that the ultra-deepwater drillship Dhirubhai Deepwater KG2 (formerly Deepwater Pacific 2), which is owned by a joint venture in which the company has 50 percent interestā¦
Companies Capitalize on Warming Waters
Norilsk Nickel is building its own fleet of ships to capitalize on the melting of the polar ice caps. The company ordered five reinforced cargo vessels that canā¦
Companies Swap Accusations over Oil Spill
Defense lawyers from rival companies wrangled over who was to blame for South Korea's worst oil spill as the trial resumed of five people accused of negligence, according to AFP.
GEM Places Aframax Tanker Orders
Gulf Energy Maritime (GEM), the Middle East's largest independent commercial product tanker operator, has awarded South Koreaās Samsung Heavy Industries Co. Ltdā¦
RasGas Adds Seven New Ships to LNG Fleet
RasGas Company Limited (RasGas), the Qatar based premium LNG exporter, continues to grow its fleet to meet global demand. RasGas, Teekay Nakilat and J5 name sevenā¦
SKorean Shipbuilders Lower on Steel Price Concerns
Hyundai Heavy Industries was down 4,500 won or 1.2 percent at 380,000 won, Samsung Heavy Industries was off 600 won or 1.9 percent to 30,400 won and Daewoo Shipbuildingā¦
Hyundai Heavy Leads Shipyard Decline on Prices
Hyundai Heavy Industries Co., led a decline in South Korean shipyard stocks in Seoul trading on concern prices for new vessels may drop. Hyundai Heavy fell 5.8 percentā¦
Pride Expands Deepwater Capabilities
Pride International is continuing the expansion of its deepwater fleet, following a multi-year contract award from a subsidiary of Petroleo Brasileiro S.A. (Petrobras)ā¦
Five Indicted in S. Korea Spill
South Korean prosecutors have reportedly charged five people, including the captain of a Hong Kong-registered tanker, following the nation's worst oil spill last month, according to an AFP report.
Report: HHI Leads Drop in Shipbuilding Stocks
According to reports, Hyundai Heavy Industries Co., led declines among shipyard stocks on concern of fewer orders for vessels this year after bulk rates fell the most since June 1989.
Korea's Shipbuilding Industry Update
According to English.chosun.com, Korea's southern island Geoje has a 400-hectare plot where 26,000 shipbuilders are hard at work. The shipyard owned by Daewoo Shipbuildingā¦
Seaspan Signs Contract for Five Ships
Seaspan Corp has signed contracts for Samsung Heavy Industries Co Ltd to build five new 4,520 TEU container ships. Seaspan has also completed more than $900 millionā¦
OSI Signs Agreement for Shuttle Tanker
Ocean Shipholdings, Inc. (OSI) has signed an agreement with ConocoPhillips and Samsung Heavy Industries. This agreement grants OSI the rights to the GoMAX 550 shuttleā¦
Estonia to get new Icebreaker
The Estonian Maritime Administration has awarded a contract to Aker Arctic Technology Inc, Helsinki, Finland, for designing a new multipurpose icebreaker. The valueā¦
Samsung Heavy to Build 4 Rigs
South Korea's Samsung Heavy Industries Co, said it has secured new orders worth a total of $2.41b. The company said it won a $1.15b dollar contract to build twoā¦
Danaos Orders TEU Post Panamax Containerships
Danaos Corporation announced that it has ordered three 10,100 TEU containerships. All three Post Panamax containerships will be built by Hyundai Samho Heavy Industriesā¦
Danaos Orders 3 Containerships
Danaos Corporation ordered three 10,100 TEU containerships from Hyundai Samho Heavy Industries. The ships are expected to be delivered to Danaos in January, February and March of 2011.
CP Ships Commits to Newbuild Charters
CP Ships Limited today announced its agreement to the long-term charter of nine 4250 teu newly built containerships from Seaspan Container Lines for a term of up to ten years.
Seaspan Container Lines Expands
Seaspan Container Lines has placed an order for nine new 4,250 TEU container ships. The new ships will be chartered to the Canadian shipping company, CP Ships. āItā¦
FBM Babcock Marine Makes New Appointments
FBM Babcock Marine Ltd has appointed Nick Pearson as commercial manager and Craig Patrick has joined the company as sales manager for commercial vessels. Nick Pearsonā¦