The landing has been cushioned by a shift in orders from mainstream-type merchant ships towards specialised offshore segment support vessels.According to the BIMCO analysis the shipyard industry seemed to head straight for the output-abyss just 15 months ago…
US shipbuilder & repairer Conrad Industries, announces its first quarter 2013 results and backlog. For the quarter ended March 31, 2013, Conrad achieved net income of $5.9 million and earnings per diluted share of $0.99 compared to net income of $3…
Cargotec's MacGregor contracted by Hornbeck Offshore Services Inc. to deliver 4 AHC cranes for 4 multi-purpose supply vessels (MPSV). The cranes will be delivered between fourth quarter 2014 and third quarter 2015, and the value of the order…
The shipbuilding industry shows signs of bottoming out with the global market index pointing to an upturn, & Korean players receiving more orders from abroad.Citing Clarkson Research Services, the Korea Times reports that a total of 277 vessels were ordered in the first quarter of the year…
'Europa 2' has been christened in the Port of Hamburg during the German port's 824th anniversary celebrations.The new cruise ship sailed to the launch site near the riverside district of Blankenese, where Godmother Dana Schweiger officially…
Maritime exhibition offers platform for technical innovators attracted by offshore investments The offshore market remains buoyant, with exploration and production driving new fleet investment, design innovation in vessel efficiency and reduced environmental impact…
Nam Cheong International secured sale contracts for an Anchor Handling Towing Supply (AHTS) and four Platform Supply Vessels ( PSV's).The total value of the contracts is $110 million.The 12,000 brake horsepower (bhp) AHTS vessel was sold to a new customer in Indonesia…
The first Iran-built Aframax oil tanker ship is complete and the vessel will be ready soon for delivery to Venezuela.The 113,000 dwt vessel has been built by Iran Marine Industrial Company, an affiliate of Sadra group of companies, and is 250 meters long…
During April, 2013 new build prices for capesize, kamsarmax and ultramax vessels rose higher than in the previous month. Purchase prices for ships are often good indicators of financial health in the shipping industry. When shipping demand is expected to grow more than the supply of ships…
Hull modules for the huge container ships are being built in Shandong and delivered by barge to South Korea' Daewoo Shipbuiding yard.Twenty of the ships, which can each carry 18,270 20-foot containers and at 399.25 metres long, are being built…
The latest batch of orders for Deltamarin's B.Delta design bulk carriers comes from international shipowners, all to be built in China.The B.Delta43 order by the German ship owner HBC Hamburg Bulk Carriers at CSC Qingshan Shipyard and the B…
Petrobras plans to build the center, which is intended to help shipbuilders meet the company's pre-salt oil & gas exploration needs.The plans to build a center of excellence for the shipbuilding industry in Brazil were highlighted in the presentation made by Paulo Sergio Rodrigues Alonso…
Subsea 7 S.A. has contracted Korea's Hyundai Heavy Industries (HHI) to build the new ship.The new-building will be one of the most capable heavy construction vessels in Subsea 7’s fleet of over 40 ships, and is due to be delivered in 2016…
Shell has laid the keel for 'Prelude FLNG', the world’s first floating liquefied natural gas (FLNG) project.When complete, Prelude is expected to be the largest offshore floating facility ever built. The hull will now be assembled in the dry dock…
Blue North has contracted Dakota Creek Industries in Anacortes, Washington, to build an eco-friendly, technologically advanced fishing vessel.The innovative “green” boat – which will be completed in the fourth quarter of 2014 – was specifically developed for the Alaska cod hook-and-line fishery…