Saipem acquires the Lewek Constellation Vessel
Saipem has entered into an agreement to acquire the Ultra Deepwater Rigid and Flexible Pipelay, 3000 ton Heavy Lift and Construction Vessel Lewek Constellation. Completed in 2013, Constellation is readily available to be promoted for commercia...
New Trafigura VLCCs to have scrubbers
Multinational energy trader Trafigura is expected to join the ranks of SOx scrubber-users, following Cargill, the US mega trading company, and Vitol, one of the world-leading energy corporations. With 32 oil and product tankers in its or...
Sungdong sells one of its three yards
After filing for a court receivership on March 22, Sungdong Shipbuilding and Marine Engineering plans to sell its shipyard 2 before its rehabilitation plan is approved by the court. While trying to sell the shipyard 2, one of its t...
Fredriksen discussing Seadrill drillship quartet
John Fredriksen, the owner of Seadrill, has reportedly been in talks with Samsung Heavy Industries (SHI) and Daewoo Shipbuilding & Marine Engineering (DSME) in order to buy four drillships that the two Korean companies built for Seadrill.&nbs...
SM KLC orders VLCC duo again
SM KLC (Korea Line Corporation) announced through a regulatory filing on March 27 that the Korean shipping company and its compatriot oil heavyweight S-OIL signed a five-year charter contract worth KRW 209bn (approximately $193.27m) for two 300,0...
HMD expected to win $3.6bn orders
A Korean industry expert has recently claimed that Hyundai Mipo Dockyard (HMD) is likely to see an upturn in its business results against a backdrop of growing orderbook. Hwang Eo-Yeon, a researcher from Shinhan Investment, noted on Marc...
Dae Sun wins fishery training ship
Dae Sun Shipbuilding & Engineering is said to have won one 3,900 gt fishery training ship for Bukyong National Univ. at over KRW 50bn (about $46.7m) in a tender opened on March 19 by the Public Procurement Service of Korea. The...
S/C ceremony for cutting-edge Fast4Ward FPSO
SBM Offshore announced on March 26 that the first steel cut for the hull of its standardized Fast4Ward FPSO took place at the SWS yard in Shanghai, China on Friday March 23, 2018. “As our concept becomes reality, we demonstrate our commitmen...
Jan-Feb yard output sees 32% y-o-y downturn
Global shipyard output stood at 249 ships of a combined 17.1m dwt (6.2m cgt) in the first two months of 2018, representing a 32% downturn year-on-year in dwt terms. Full year 2018 deliveries are estimated to be 78.7m dwt in total, which ...
Pakistan approves new modern yard construction
It turned out that the Pakistan government has recently approved a plan to build a new shipyard in Gwadar. According to foreign presses and industrial sources, the plan, which would be implemented within three to five years, includes dry docki...
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