Chinese-based Yangzhou Guoyu Shipbuilding Co., Ltd (YGS) has secured an order from Norwegian shipowner Axel C. Eitzen for the construction of up to nine handysize dry bulk carriers. These 38,000 dwt ships cost $21m each and are based on the Green Dolphin design created by the Shanghai Merchant Ship Design & Research Institute (SDARI), reports [...]
Hoegh LNG Holdings Ltd has received commitment letters from five international banks for a USD 299 million Limited Recourse Facility for the financing of LNG Floating Storage and Regasification Unit (FSRU) and Mooring system to be located offshore Labuhan Maringgai, in the Lampung province, at the south east coast of Sumatra, Indonesia (the Project). The [...]
May 21, 2013 | Posted in
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A one day Regional Workshop on State Level Public Enterprises (SLPEs), organized by Department of Public Enterprises, Ministry of Heavy Industries and Public Enterprises, Govt of India in association with Goa Shipyard Limited, was held at International Centre, Goa on 17 May 2013. The Workshop was aimed at providing a common platform for sharing Best [...]
May 21, 2013 | Posted in
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MacGregor, part of Cargotec, has secured a new contract for one 120-tonne active heave-compensated (AHC) MacGregor offshore crane and two 10-tonne offshore cranes from South Korean shipyard Hyundai Heavy Industries (HHI). The cranes will be installed on a new 123m specialised dive support vessel being built for UK-based Subsea 7, a construction and services contractor [...]
May 21, 2013 | Posted in
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Paragon Shipping Inc. has signed an agreement for a $69 million credit facility with China Development Bank (CDB) to partially finance its two 4,800 TEU containerships currently under construction, that are expected to be delivered in the second quarter of 2014. The Company has granted an option to Box Ships Inc., a subsidiary of the [...]
Sembcorp Marine today announced that its subsidiary Sembawang Shipyard Pte Ltd (Sembawang Shipyard) has exercised its voting rights to acquire all the membership interests in Equinox Offshore Brazil Cooperative U.A (EOBC) and shares in Equinox Offshore ARV3 BV (EO ARV3) (collectively EO Entities) as EO ARV3 remained in default of its payment obligations for the [...]
Invited by the Consulate General of Greece in Shanghai, Deputy General Manager of CIC and Chairman of CIC-SP (Shanghai Pudong) Mr. Li Zhengjian and his party participated in the ‘Greece-China Business Forum: The New Silk Road” organized by the Ministry of Transport & Networks of the Hellenic Republic and the Ministry of Commerce of China. [...]
May 21, 2013 | Posted in
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The Philippine Navy’s new warship, the BRP Ramon Alcaraz, began sea trials on Monday, according to GMA News. The ship set sail from North Charleston, South Carolina at 8:30 a.m. Monday (US time). BRP Ramon Alcaraz was subjected to refurbishment and refitting which cost $15.15 million. The maintenance started last year. The Philippine Navy’s Capt. [...]
The Board of Directors of COSCO Corporation (Singapore) Limited today announced that subsidiaries of the Company’s 51% owned COSCO Shipyard Group Co., Ltd have made the following deliveries: 1. COSCO (Guangdong) Shipyard Co., Ltd has delivered a bulk carrier of 35.000 DWT, “CHIOS LUCK”, to its European buyer. The bulk carri er measures 179.99 meters [...]
May 20, 2013 | Posted in
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MacGregor, part of Cargotec, has secured new offshore winch contracts from three Chinese shipyards, Fujian Southeast, Fuzhou Baima and Guangdong Yuexin Ocean Engineering. The winches are destined for 22 anchor handling tug supply (AHTS) vessels under construction for a number of international owners. “Our offshore winches have been specified for a run of new-series small and [...]
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