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.
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.