EMP enters a feasibility study
In another major step towards commercializing its Aquarius Marine Renewable Energy (Aquarius MRE®) solution, Eco Marine Power (EMP) announced on April 30 that it had commenced a feasibility study regarding the installation of the solution onto...
IMO delays further meetings due to COVID-19
The International Maritime Organization (IMO) announced on April 30 that meetings which were scheduled to be held in July, including the next regular session of the IMO Council, have now been postponed, due to the COVID-19 pandemic. ...
Royal IHC to strengthen its business
Royal IHC announced on April 30 that it has strengthened its business in maritime sector. - A Heads of Agreement has been reached with a leading maritime industry consortium and the existing syndicate of banks of Royal IHC for the acquisition ...
HHIH turns into deficit in 1Q
Hyundai Heavy Industries Holdings Co., Ltd. (HHIH) announced on April 29 through a regulatory filing its performance in the first quarter of 2020. Its sale is KRW 5trn 716.3bn, and operating loss is KRW 487.2bn in the first quarter of 20...
NOVATEK's subsidiary registered license number
NOVATEK announced on April 28 that Arctic LNG 1, a wholly owned subsidiary, registered license number SLH 16637 NR for geological survey, exploration and production at the Bukharinskiy subsoil license area on the Gydan Peninsula. The license area...
Meyer Turku starts negotiations about temporary layoffs
Meyer Turku announced on April 28 that Turku shipyard has started YT-negotiations about temporary layoffs in the middle of March. Since then, the corona virus pandemic influenced market situation of the shipyard’s customers’ is coming visible...
ADNOC and ADPower launch joint tender
The Abu Dhabi National Oil Company (ADNOC) and Abu Dhabi Power Corporation (ADPower) jointly announced on April 27 that it has issued a joint tender for a first-of-its-kind project in the Middle East & North Africa (MENA) region. The joint te...
ABS launches comprehensive guidance
ABS announced on April 26 that it has launched comprehensive guidance on sanitizing and decontaminating marine and offshore assets exposed to COVID-19. Response Measures to COVID-19 for the Marine and Offshore Industries provides best practice...
Ulsan to support shipbuilding&offshore companies
Ulsan Metropolitan City, the southern province of South Korea will provide test and certification costs and technical support to reduce the financial burden of companies in the shipbuilding and offshore suffering from export regulations and COVID...
Diamond files voluntary petitions for reorganization
Diamond Offshore Drilling, Inc. (NYSE: DO) (“Diamond” or “the Company”) announced on April 27 that the company and select subsidiaries have filed voluntary petitions for reorganization under chapter 11 of the U.S. Bankruptcy Code in the U...
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