Lee Young wins LNG FUEL TANK [Equipment]
Lee Young Industrial Machinery (CEO Lee Jung-Ho), a shipbuilding equipment manufacturer located in Ulsan, Korea, has been attracting attention by entering the LNG FUEL TANK market. The vessel built by Hyundai Samho Heavy Industries is the LNG-...
2017-05-22 07:09:11
HHI wins back 1st place in group orderbook [Shipbuilding]
Global shipbuilders' orderbook totaled 3,290 vessels and 192.10m dwt (78.20m cgt) as of the end of April, 2017. The amount (in dwt terms) showed a 14% downturn against the beginning of the year, representing the lowest record since 2004 also. ...
2017-05-22 07:06:26
Fincantieri acquires STX France [Finance]
Fincantieri announced on May 19 that it signed on the day a share purchase agreement (SPA) for the acquisition of 66.66% of the share capital of STX France from its current shareholder STX Europe AS. The agreement entails a purchase price of...
2017-05-22 07:05:31
DSME outside director resigned [General]
Kim Yu-Sik, Non-Executive Independent Director at Daewoo Shipbuilding & Marine Engineering, has went out of his office .  Daewoo announced the interim resignation of Kim through a regulatory filing on May 18. His term of office was or...
2017-05-22 07:03:14
Japan export ship order up 223% [Market Information]
Japanese shipbuilders have recorded more than three digits from the same month last year in export ship orders in April this year, and monthly contracts outperformed the previous year for the fourth consecutive month. According to the Japan Sh...
2017-05-19 16:54:10
Halliburton announces leadership change [General]
Halliburton Company announced on May 17 that its Board of Directors has unanimously elected Jeff Miller, the Company’s president and a board member, to the position of president and CEO. Dave Lesar, who has led Halliburton as chairman and CEO s...
2017-05-19 07:35:48
Wood Group to support Chevron's global project [Offshore]
Wood Group conveyed on May 17 that the company has signed a ten-year master services agreement (MSA) with Chevron that allows them to deliver conceptual engineering, pre-front-end engineering design (pre-FEED), FEED, detailed design and procureme...
2017-05-19 07:33:51
Wartsila to provide HMI with scrubber system [Equipment]
The technology group Wärtsilä has been contracted to supply its exhaust gas cleaning system for a new Korean ferry. The vessel is being built for Weidong Ferry at the Hyundai Mipo Dockyard. This is the first Wärtsilä scrubber system to be ins...
2017-05-19 07:31:35
Oceaneering wins flowline hardware [Equipment]
Oceaneering International, Inc. (“Oceaneering”) (NYSE:OII) announced on May 16 that it has been awarded a contract to provide services and products to support the design, fabrication and installation of ancillary flowline hardware for the App...
2017-05-19 07:30:13
Euronav's JV nets FSO deal [Offshore]
Euronav NV (“Euronav” or the “Company”) announced on May 17 that the joint venture with International Seaways (“INSW”) has signed a contract for five years for the FSO Africa and FSO Asia in direct continuation of the current contract...
2017-05-19 07:28:48
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