Shipbuilding
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Korean Yard Delivers First of Six New Ships for Bahri
The National Shipping Company of Saudi Arabia (Bahri) receives the 'Bahri Abha' from South Korea's Hyundai Mipo shipyard. The new ship, of 26,000 dwt, was built especially for the general cargo trade and is the first to…
Rolls-Royce Opens New Marice Service Facility
Rolls-Royce, a global power systems company, has opened a new Marine Service facility in Guangzhou, to better serve its growing customer base in southern China. Rolls-Royce is expanding its marine services network in…
World's No.3 Shipbuilder Profits Plummet
Daewoo Shipbuilding & Marine Engineering (DSME) net profit fell 82% in 2012. The loss is primarily attributed to the decision DSME made in 2009 to book orders for ships at lower rates to stay afloat in the aftermath of…
Two PSV Contracts for COSCO China Yard
COSCO Singapore subsidiary COSCO Guandong to construct two Platform Supply Vessels (PSV's). The contract is with a European ship owner for the construction of two PX121 PSV's at a value of approximately US$54-million in…
China Shipbuilding Industry 2012 Profits Sink
China's shipyards launched 60-million dwt in 2012 representing a drop of 21% from the previous year. According to Ministry of Industry and Information Technology government statistics reported by CNTV, new orders for…
Keppel FELS Delivers First of 20 Rigs for 2013
Keppel FELS is delivering its first rig of 2013, 'Dynamic Vision', to Dynamic Offshore subsidiary Vision Drilling. The KFELS B Class jackup rig, Dynamic Vision , is the first of the 20 offshore rigs that Keppel FELS is…