Month: November 2006

US oil major Chevon confirms that two Nigerian shipyards have completed key components of the of $1 billion FPSO vessel for the Agbami deep offshore oil field, which is on track to…

Dongkuk Steel, Korea?s third largest steel firm has completed the construction of its exclusive berth at Pohang New Port in North Kyongsang Province. The dock is for 40,000 and 10,000 DWT ships…

JFE Holdings Inc. is considering taking over Hitachi Zosen?s stake in Universal Shipbuilding Corp., a joint venture between the two firms. The deal would mark Osaka-based Hitachi Zosen's effective departure from shipbuilding…

South Korea's STX Shipbuilding has received an order to build two crude oil tankers for $138.2 million for a Greece-based company. The order calls for STX to deliver the two vessels to…

The Royal Navy unveiled its latest amphibious Landing Ship Dock (Auxiliary), the Royal Fleet Auxiliary ?Largs Bay?, which is undergoing sea trails prior to entering service later this year. This state-of-the-art 16,000…

North Sea divers have scuppered the planned departure of a recently completed FPSO conversion at a South Tyneside yard. ?Global Producer III? was due to leave McNulty Offshore in South Shields yesterday…

China State Shipbuilding Corp (CSSC) will take direct control of Shanghai-listed Hudong Heavy Machinery before its planned $800 million IPO on the Hong Kong Stock Exchange next year, according to local reports.Hudong…

China will encourage more foreign investment in its shipbuilding industry but will restrict it to 49%, according to the latest official blueprint for the industry. "Foreign shipbuilders are allowed to reorganize, acquire…

Hyundai Mipo Dockyard Co., the world's fourth-largest shipyard, said its third-quarter earnings surged 130% from a year earlier thanks to increased ship prices. Net profit amounted to $51.7 million in the three…

Minaminippon Shipbuilding is planning to open by April 2008 a new shipyard able to build 100,000 DWT tankers on land to be purchased in Oita Prefecture's waterfront industrial belt. The company will…