DSME-NBP-Intel make smart ship cooperation
Daewoo Shipbuilding & Marine Engineering (DSME) announced on May 21 that the Korean mammoth shipbuilder signed a memorandum of understanding (MOU) with NAVER Business Platform (NBP), a major Korean cloud host, and Intel Korea for a joint proj...
Korean shipbuilders head for 'Posidonia 2018'
Heads of Korean shipbuilders will attend 'Posidonia 2018', one of the largest global maritime exhibitions, which runs during June 4-8 in Athens, Greece. In line with the growing demand for eco-friendly ships, which results from the...
Wärtsilä to go for new Hamina LNG terminal
The LNG terminal to be built at the Finnish Port of Hamina by the technology group Wärtsilä under a turnkey contract has reached financial close and received the necessary building permits. Debt financing for the project has been concluded w...
Canadian Coast Guard selects ABS for fleetwide contract
ABS was awarded a contract by the Canadian Coast Guard to provide classification and certification services for an existing fleet of 114 vessels and future vessel acquisitions. “Last year, ABS was selected as the exclusive classification org...
"IMO SOx rule leads to rising oil price"
There is a possibility of oil price reaching its peak since 2014 against a backdrop of rising low-sulfur fuel consumption, which results from the IMO 2020 Rule. Morgan Stanley Research has recently forecasted through its report that the ...
Offshore Dialogue: High-tech for Deep Seas
The depths of the oceans harbour some of Earth's last great secrets. Under the motto of "Pushing the limits – new maritime technologies for future needs”, renowned experts will discuss at the Offshore Dialogue (OD) how the treasures and resou...
Pin Oak Terminals Chooses Emerson
Pin Oak Terminals, a new hydrocarbon liquids storage and logistics terminal in Mount Airy, Louisiana, has selected Emerson to provide its Synthesisorder-to-cash software. The scalable, enterprise-level logistics midstream management solution will...
"When LNG overtakes oil-based fuels?"
While it is expected that more than 200,000-boe (barrels of oil equivalent) LNG fuels will be spent every day for ship operation in 2020, LNG fuels are not likely to overtake oil-based fuels until the 2040s. Alphatanker, a Paris-ba...
Korea aims to lead LNG-fueled ship era
Kim Dong-Yeon, Deputy Prime Minister and Minister of Strategy and Finance of Korea, held the 7th Economic Ministerial Meeting at Central Government Complex, Seoul, Korea, on May 17 and confirmed a 'plan to boost LNG-fueled ship business'. ...
'No more Statoil, it's Equinor'
On 15 May 2018, the annual general meeting (AGM) of shareholders in Statoil ASA (OSE: STL, NYSE: STO) approved the annual report and accounts for Statoil ASA for 2017, as proposed by the board of directors. The annual accounts and the an...
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