TurkStream gas pipeline started to be built [Offshore]
Construction of the TurkStream gas pipeline was commenced on May 7 in the Black Sea near the Russian coast. Pipelaying is carried out by the Audacia vessel owned by Allseas, the construction contractor for both strings of the gas pipeline’s off...
2017-05-17 07:23:26
Eoltech to monitor wind projects [Offshore]
Eoltech, an independent wind energy consulting firm, has recently announced that it won contracts from major French customers to deploy IREC-Index. With this advanced multi-source wind energy index, Eoltech will aim to refine the monitoring of 24...
2017-05-17 07:20:49
3Si Group appoints new CEO [General]
Safety and Survival Systems International Ltd (3Si) has recently announced the appointment of new CEO, Andrew Richards.  Andrew joins the Group, whose companies include Ocean Safety, Typhoon International, International Safety Products, 3Si ...
2017-05-17 07:19:02
COSCO clinches FSRU module deal [Offshore]
The Board of Directors of COSCO SHIPPING International (Singapore) Co., Ltd. (the “Company”) has recently announced that COSCO (Qidong) Shipyard Co., Ltd (“COSCO Qidong”), a subsidiary of the Company’s 51% owned subsidiary, COSCO Shipya...
2017-05-17 07:17:10
Korean yards cut 14% workforce [General]
Last year, the number of Korean shipbuilding industry's reduced manpower exceeded 8,670 which was 2,750 more than the total number of listed companies combined. Chaebul.com announced that the FY2016 financial reports submitted by KOSDAQ listed...
2017-05-17 07:13:45
Namura completes 'EEDI Weather' test [Shipbuilding]
Namura Shipbuilding has recently announced that the Japanese shipbuilder obtained a preliminary certification regarding the international maritime organization's (IMO's) Energy Efficiency Design Index (EEDI) for the first time in the world for ve...
2017-05-17 07:12:42
DongHwa Pneutec supplies BOG compressor [Equipment]
DongHwa Pneutec, Busan-based manufacturer and supplier of air and gas compressor systems, announced on May 15 that it won a new contract for BOG compressor, which is one of the core systems of 26K LNG FSRU that was awarded at GasEntec from PAX Oc...
2017-05-17 07:11:51
HMD to change PCTC to PC [Shipbuilding]
Hyundai Mipo Dockyard has recently announced through a regulatory filing that the Korean shipbuilder amended a contract it signed with a Marshall Islands-based operator in 2015 for the construction of four pure car/truck carriers (PCTCs).  ...
2017-05-17 07:11:11
Vard turns to red in 1Q [Finance]
Fincantieri-affiliated Vard Holdings, a Singaporean offshore and specialized vessel builder, posted lower revenues of NOK 2.023bn (approximately $236m) in the first quarter of 2017, representing a year-on-year decline of 12%. The poor record t...
2017-05-17 07:10:26
Special inspection on Korean shipyards [General]
The Ministry of Employment and Labor of Korea will implement special inspection on cranes at domestic shipyards. According to industry sources, the labor ministry will organize a special inspection team with 4-40 inspectors for each of the shi...
2017-05-17 07:09:42
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