Royal Caribbean Cruises Ltd.announced today that it has signed a contract with the Meyer Werft shipyard to construct a third Quantum-class cruise ship for delivery in mid-2016. The price and terms of the new ship are similar to the price and terms of the first two Quantum-class ships and the contract is subject to financing [...]
May 30, 2013 | Posted in
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Scorpio Tankers Inc. announced today that it has reached agreements with five shipyards in Korea to construct 16 newbuilding vessels consisting of eight LR2, four MR, and four Handymax ice class-1A product tankers. In addition, the Company announced that syndication of the Company’s previously announced $267 million Credit Facility has been heavily over-subscribed resulting in [...]
May 30, 2013 | Posted in
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Sembcorp Marine’s subsidiary PPL Shipyard has secured a contract to build a jack-up drilling rig from BOT Lease Co., Ltd (BOTL), a leasing company of The Bank of Tokyo-Mitsubishi UFJ which is under the umbrella of Mitsubishi UFJ Financial Group. The contract price is US$220.5 million (excluding cost of BOTL’s project management team and pre-operations [...]
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Maersk Tankers exits its VLGC segment by selling the fleet to the BW Group. The BW Group bought Maersk Tankers five owned vessels and takes over the five existing time charter commitments. The divestment is part of Maersk Tankers strategy to focus on fewer segments. Hanne B. Sørensen, CEO Maersk Tankers: “This transaction supports our [...]
Teekay Offshore Partners L.P. today announced that it has agreed to acquire a 50 percent interest in the Cidade de Itajai (Itajai) floating production, storage and offloading (FPSO) unit from Teekay Corporation (Teekay) for a purchase price of approximately $204 million. The acquisition will be financed with assumed debt and proceeds from the recently completed [...]
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 unit including spares, commissioning and shipyard supervision is approximately $755 million. [...]
May 29, 2013 | Posted in
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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 revenue of 5.1 billion EUR and were thus able to exceed last year’s [...]
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Sembcorp Marine’s subsidiary Jurong Shipyard has secured a US$596 million contract for a newbuild ultra-high specification jack-up rig with option for an additional unit for use in the United Kingdom sector of the North Sea from Noble Corporation. Representing the most advanced and versatile of its kind in the industry, this jack-up rig will be [...]
May 28, 2013 | Posted in
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Golden Ocean Group Limited announced that the Company has entered into an agreement to buy two ice class Panamax vessel resales built at Pipavav Defence & Offshore Engineering Company. Golden Ocean will take delivery of the vessels ex yard, the first vessel at the start of June and the second vessel during second half of [...]
May 27, 2013 | Posted in
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Greek Shipowners Place Orders for 142 Newbuildings at Chinese Shipyards Greek Shipping Minister, Kostis Moussouroulis revealed in his recent official visit to China that the Greek shipowners had placed an order for 142 newbuildings at Chinese shipyards. VIDEO: Building Maersk Line’s Triple-E Vessels – Part Two A major milestone was reached on 23 February with [...]
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