Diamond Offshore Drilling, Inc. today announced an agreement with Hyundai Heavy Industries Co., Ltd. to build a new Moss CS60E design harsh environment semisubmersible drilling rig. The 10,000’ dynamically positioned rig is expected to be delivered after November 2015. Projected capital cost of the
Farstad Shipping ASA, today announced delivery of ‘Far Starling’ (STX PSV08 CD) from Vard Vung Tau in Vietnam to company’s subsidiary Farstad Supply AS. A long-term facility has been drawn with Danish Ship Finance to finance the vessel. Farstad Shipping’s fleet currently consists of 58 vessels (29 A
Dae Sun Shipbuilding & Engineering of Korea has inked a contract for a pair of 51,200 dwt ECO DESIGN MR chemical tankers with Greek owner Navios for delivery in the second half of 2014. Amid shipowners’ growing pressure on operations due to oil price spikes, Dae Sun developed high efficiency vessels
MAN Diesel & Turbo representatives attended the delivery ceremony of the Suezmax tanker ‘Zumbi dos Palmares’ on 20 May, 2013. Powered by an MAN B&W 6S70ME-C type prime mover and 3 × MAN 7L23/30H auxiliary engines, the vessel is the second ship built by Estaleiro Atlantico Sul (EAS) stemming from the
German companies operating in the shipbuilding and ocean industries were largely able to defend their market position in the year under review. Despite intensified in international competition, they were able to seize opportunities in high-growth market sectors. German shipyards generated a total re
Cochin Shipyard Limited (CSL) launched the third Fast Patrol Vessel (FPV) being built for the Indian Coast Guard (ICG). The vessel bearing yard Hull No. BY 503 was launched by Smt. Nina Paul Antony, in the presence of DIG Satish Chandran, TM, COM DIS 4 and DIG TP Sadanandan, CGRPS (K) of Indian Coas
The Gryphon FPSO is back in production following a major overhaul of the vessel. Once all the associated fields are fully operational over the coming months, production will ramp up in excess of 20,000 barrels of oil equivalent a day (boepd). Production from Gryphon is expected to continue for the n
ABB, the leading power and automation technology group, recently won a $12 million order to supply electrical power and propulsion systems for a deepwater pipe laying vessel. The vessel, tentatively named Derrick Lay Vessel 2000 (“DLV2000”), will be constructed at Keppel Singmarine in Singapore and
Alewijnse Marine Systems, the leading systems integrator in the commercial, naval and superyacht sectors, has announced the formation of Alewijnse Middle East LLC, the latest stage in its strategy to establish operations in high growth developing markets. Based in Qatar, Alewijnse Middle East (AME)
When the time came to expand Dalian Shipyard’s shipbuilding and repair facilities to build next-generation LNG tankers and container vessels, they turned to long-term partner GE Power Conversion to supply the complete drive and automation system for Goliath Crane. Over their 12-year relationship, GE
Diana Shipping Inc., a shipping company specializing in the ownership and operation of dry bulk vessels, today announced that it has signed, through two separate wholly-owned subsidiaries, a term loan facility for up to US$30 million with The Export-Import Bank of China having a majority interest an
Aberdeen-based Dana Petroleum has laid the keel for a new $400 million oil production vessel which will produce and store up to 40,000 barrels of oil a day from the North Sea by 2015. The keel laying of the floating, storage, production and offloading vessel (FPSO) marks a major milestone for Dana’s
MSPL Diamond Private Ltd (a wholly owned subsidiary of MSPL Limited), received its fourth state-of-the art ship, MV Indus Victory and has been placed into active service immediately. This is a part of four Post-Panamax bulk carrier vessels series having capacity of 92,500 MT. While the first and sec
The Shipping Corporation of India Ltd. (SCI) accepted delivery of second vessel of the four Kamsarmax bulk carriers built by Jiangsu Eastern Heavy Industries Co. Ltd., China on 20th May. Orders for these vessels were placed in September 2010. The first vessel m.v. “Vishva Jyoti” was delivered on 18t
