International accountant and shipping consultant Moore Stephens says the banks will exert more control over the shipping industry in 2013. It also expects vessel values to fall further, and the cost of regulatory compliance to increase.Moore Stephens partner Julian Wilkinson says…
Oman Shipping Company (OSC) has taken delivery of its third Very Large Ore Carrier (VLOC) 'Vale Saham' in China.The giant bulk carrier will be used to transport iron ore from Brazil to Sohar, Oman. OSC has one more vessel of its class under…
Vroon takes delivery of 'MV Sicilian Express', the last in a series of four bulkers built at COSCO Dalian Shipyard, China.MV Sicilian Express is a 92,500-dwt post-panamax bulk carrier, and her Chinese crew sails under the Gibraltar flag…
BP Plc confirms an order for 13 of the vessels, 2012’s largest tankship shipbuilding order.According to information obtained by Bloomberg the order, placed with Changwon, South Korea's STX Offshore & Shipbuilding Company, includes three Suezmax ships…
Recreational boating industry reports ten percent increase in new power boat sales in 2012: first sign of healthy growth since recession.According to the National Marine Manufacturers Association (NMMA) early projections indicate the industry…
BIMCO has published its Reflections 2013, a concise, condensed and thought-provoking analysis of the challenges facing the shipping industry today and during the coming year. Shipping is a key facilitator of world trade and the performance…
STX Europe AS sells STX Norway Florø AS and STX Norway Design Florø AS to Westcon Group AS.STX Europe completes the sale of all of the shares in its wholly owned subsidiaries STX Norway Florø AS and STX Norway Design Florø AS to Westcon Group AS…
Nam Cheong, Malaysia’s largest Offshore Support Vessel (OSV) builder, ends year with record number of sales.Sales of the Platform Support Vessel (PSV) and the two Anchor Handling Towing Supply Vessels (AHTS) are worth a total of US$ 56.4-million…
Korea-based conglomorate STX saw tough times the past year due to severe cash shortage, but is seeking a turnaround in 2013 after offloading some assests. Market analysts have mixed views for STX. Some say that its bold move will help the conglomerate get back on track…
Nordic Yards in Wismar and Warnemünde, Germany, contracted to build two ice-breaking rescue & salvage ships for Russia.The vessels for the Russian Ministry of Transport, will operate on the Northern Sea Route (NSR) in the Arctic, namely in the region of Murmansk…
One vessel has arrived in Singapore waters, and the other is to be delivered in Q1 2013.Sea Tanker I has arrived in Singapore waters and is currently undergoing local certifications and surveys. It is now expected to be delivered to the…
Riverside Marine & Incat Crowther new passenger catamarans deployed to support construction, operation of Queensland, Australia QCLNG plant.The two new 32m catamarans Riverside Catalina and Riverside Mandalay will assist at the Curtis Island QCLNG plant in Gladstone…
McDermott International inks contract with Keppel Offshore & Marine for construction of a dynamically-positioned combination S-Lay vessel with a 2,000-ton crane.The vessel, tentatively named Derrick Lay Vessel 2000 (“DLV2000”), will be constructed…
Royal Caribbean International chooses STX France to build its third 'Oasis- class' ship.This, the third ship of the Oasis- class, is due for delivery in mid-2016, and an option for a second ship due in mid-2018 is also provided for in the contract…
Keppel Offshore & Marine Ltd's (Keppel O&M) subsidiaries have won three new contracts - worth a combined value of $343mn - to bring the group's total order wins for 2012 to $8.1B. Mr Tong Chong Heong, CEO of Keppel O&M, said, 'With the strong confidence and support of new and repeat customers…
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