NSCSA to Order two Petrochemical Tankers

The National Shipping Company of Saudi Arabia (NSCSA) announces that the Board of Directors of The National Chemical Carriers Ltd. Co. (NCC) (one of its affiliates) agreed in their meeting held on Tuesday 21st December, 2010 to sign a contract with SLS Shipbuilding Company of South Korea to purchase (2) Petrochemical tankers for a total…

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.