Sungdong creditors to ease order criteria [Shipbuilding]
Creditor group of Sungdong Shipbuilding & Marine Engineering has decided to relax the guideline on newbuilding order. The original guideline allows the newbuilding contract only when it guarantees operating profits.  According to indu...
2017-05-17 07:05:35
"Rising TK orders threatening market recovery" [Shipbuilding]
Shipping industry players in the world are raising their vigilance against this year's increase in new orders for crude tankers (very large crude carriers, especially). Spiro Dounis, a shipping analyst at UBS Securities, commented on May 15, "...
2017-05-17 07:04:43
HMD likely to gain benefit from rising MR TK price [Shipbuilding]
Hyundai Mipo Dockyard is expected to record firm business performance as ship price continue to climb on the strength of a decrease in MR tanker deliveries from 2018. Park Moo-Hyun, a researcher at Hana Financial Investment, said, "The value o...
2017-05-17 07:04:01
Total nets field exploration deal [Offshore]
Total and Mauritania have recently signed an exploration and production contract to perform exploration works on Block C7, which covers an area of 7,300 square kilometers. The Group will be the operator with a 90% interest alongside the Société...
2017-05-16 07:36:11
Fincantieri approves Q1 results [Finance]
On May 11, The Board of Directors of FINCANTIERI S.p.A. ("Fincantieri" or the "Company"), chaired by Giampiero Massolo, examined and approved the interim financial information at March 31 this year. Results in line with the Business Plan 2016-...
2017-05-16 07:33:37
Rolls Royce-Bruce Power join hands [General]
Rolls-Royce and Bruce Power have entered into an agreement to implement Rolls-Royce’s innovative digital analytics tools, as part of Bruce Power’s Life-Extension Program. As part of the contract, Rolls-Royce will implement its proven digit...
2017-05-16 07:30:46
Designers given warnings about water treatment [General]
“Wastewater management presents a challenging dilemma that if not addressed in the design stages can impact a vessel’s operational flexibility,” ACO Marine’s managing director Mark Beavis told delegates yesterday at a Royal Institution of...
2017-05-16 07:29:10
Maersk releases 1Q interim report [Finance]
A.P. Møller - Mærsk A/S published its Interim Report Q1 2017 on May 11. HIGHLIGHTS ● A.P. Moller - Maersk delivered an underlying profit of USD 201m in line with same quarter last year. ● Revenue increased by 5 pct. or USD 424m to ...
2017-05-16 07:26:47
AusGroup's performance shows significant improvement [Finance]
AusGroup Limited (‘AGL’ or ‘AusGroup’ or the 'Group') has recently announced its results for the three months ended 31 March 2017 (‘Q3 2017’). This release should be read in conjunction with our SGX Announcement.  The results ...
2017-05-16 07:22:37
Kongsberg to market new underwater glider systems [Equipment]
Kongsberg Underwater Technology, Inc. announced on May 8 that it successfully completed negotiations with CoMotion®, the University of Washington’s collaborative innovation hub, to obtain the sole rights to produce, market, and continue develo...
2017-05-16 07:18:42
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