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Leading shipping analyst Martin Stopford says that next year will be tougher for shipbuilders as new deliveries and capacity continue to outstrip orders. While this year has seen a pick-up…
The offshore marine industry is still considered a relatively new business for China, according to Simon Liang, chairman and ceo of Sinopacific Shipbuilding, despite the recognition that the country is…
Drydocks World has signed a letter of intent (LOI) with Offshore Innovation Management to build a series of multi-purpose jack-up rigs, with the first delivery expected in 2016.
Despite issues such as labour supply and poor quality supply chains, Russia’s shipyards are eyeing a major boost from Arctic shipping and oil exploration.
Malaysia-based Bumi Armada has sealed charter contracts worth about MYR844m ($262m) to provide three ice-class vessels to Russian oil major Lukoil.
Vroon has secured financing with ABN Amro and the Export-Import Bank of China (CEXIM) for some of its vessels under construction in China.
You could be forgiven for thinking given the coverage of China’s shipping and marine industries over the last few years that it is all doom and gloom. But there is…
Island Offshore has ordered a NOK400m ($65m) advance offshore support vessel from Vard.
OSV owner-operator Nordic American Offshore (NAO) has been established with a $250m private placement, with investment from Nordic American Tankers (NAT) and Ulstein Engineering and Shipbuilding, among others.
Swissco Holdings, service provider for the offshore marine sector, has secured charter contracts worth SGD27m ($21.5m) for its two new anchor handling tug supply (AHTS) vessels.
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