Maersk Oil to Buy Brazilian Assets

The fully owned subsidiary of A.P. Møller – Mærsk A/S, Mærsk Olie og Gas A/S (“Maersk Oil”), has agreed with SK Energy Co., Ltd. to acquire SK do Brasil Ltda. for USD 2.4 billion on a cash and debt-free basis. The acquisition is subject to customary conditions, including governmental approval and will not affect the…

Shipping Confidence Dips

Overall confidence levels in the shipping industry dropped for the second successive quarter, although they are still up on the corresponding period last year, according to the latest survey by leading accountant and shipping industry adviser Moore Stephens.

Keppel to Build US$180 Million KFELS B Class Jackup

Keppel FELS Limited (Keppel FELS) has secured an order for a KFELS B Class jackup rig worth about US$180 million from Jasper Investments Limited (Jasper), with an option for another similar unit. The rig is slated for delivery in 2H 2012. If exercised, the option for the additional rig will bring the total contract value…

Ports of Stockholm Expandes

The Swedish Environmental Court has today been informed that a cargo port have been approved to be built onNorvikudden in Nynäshamn. It means that Ports of Stockholm is allowed to proceed with it´s plans of building the port that will be designed to meet the rapidly growing Stockholm region’s future supply chain.

Ulstein X-BOW® Five Years – Overwhelming Response From Users

Ulstein Group has sold nearly 70 offshore ship designs since the company started to develop Ulstein designs in 1999. Over 40 of these designs are for X-BOW® vessels, a new hull design that was launched five years ago. 15 X-BOW® vessels are already at work, and the feedback from crew is overwhelming.

STX Finland OY Signs Agreement with Viking Line

STX Finland Oy and Viking Line ABP have signed an agreement for the construction of an environmentally friendly, new generation cruise ferry for Viking Line. The agreement includes an option for a sister ship. The contract price is about 240 million euros. The ship will be built at Turku shipyard and will be delivered to Viking Line at the beginning of 2013.

New Shipbuilding Whitepaper Shows How Industry Can Beat the Recession

AVEVA (LSE:AVV) one of the world’s leading providers of engineering design and information management solutions for the plant, power and marine industries, today announced the release of AVEVA Integrated Shipbuilding, the latest in its series of industry whitepapers. This whitepaper explores how shipyards can optimise the design, procurement and production process through improved information management, shortening schedules, increasing productivity and driving down costs.