Shipbuilding
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Singapore's PPL Shipyard Gets Jack-up Rig Orders
Sembcorp Marine's PPL Shipyard secures rig orders worth US$434-million to build two jack-up rigs for the Mexican market. PPL Shipyard has secured two turnkey contracts with a combined value of US$434 million for the…
LNG Ship Glut Foreseen
The liquefied natural gas market may have a ship surplus in 2014 and 2015 as new vessels launch faster than production plants complete. There are 78 ships on order, amounting to 21 percent of the existing fleet, the…
Chinese Shipyard Inks Creon Jack-up Rig Order
Jiangsu Yangzijiang Offshore Engineering Co. Ltd. signs contract for the rig with Creon associate company Explorer 1. The directors of Creon the resources infrastructure investment company, announce that Jiangsu…
DNV Launch Arctic Offshore Structure Design Framework
DNV with key industry players develop an enhanced design framework for structures deployed in open water & harsh areas. In order to ensure a common, transparent and documented approach to achieving acceptable safety…
Fincantieri Win Viking Ocean Cruise Contract
Viking Ocean Cruises signs MOU with Fincantieri for construction of two ocean cruise ships with an option for another two. The new ships will be twins to those ordered earlier this year. In line with Viking’s intimate…
Keppel FELS Contracted to Build Two Semi-submersible Rigs
Keppel FELS signs contract to construct the rigs for Ukraine's National Joint-Stock Company "Naftogaz of Ukraine" (Naftogaz). The contract is worth about US$ 1.2-billion, but is dependent upon final corporate approvals…
SABIC Contracts Two New LNG-Powered Tankships
Saudi Basic Industries Corporation (SABIC) says it is the world's first chemical company to commission LNG-run gas carriers. SABIC's new tankships will be powered by liquefied natural gas (LNG) to transport its olefins…
Bangladesh Shipyard Lays Down River Passenger Ship Keels
Western Marine is building two 750-passenger vessels, the first passenger ships of this capacity by a local Bangladeshi shipbuilder. The keel-laying for the ships which will be operated by BIWTC on the inland route of…
Korea's Big Three Shipbuilders on Bumpy Road
Recent studies by Korea's International Trade Association & Hyundai Research Institute see major exporters facing a tough year ahead. The International Trade Association sees major exporters facing a tough climate for…
CNOOC Mulls LNG Vessel Orders
CNOOC has it in mind to order 14 medium & small-sized LNG ships from Chinese shipyards. The Group is China’s largest producer of offshore crude oil and natural gas and one of the largest independent oil and gas…