SHI carries out personnel change in executives [General]
Samsung Heavy Industries carried out personnel changes in executives on May 26.  A total of four executives have been promoted, with one senior executive vice president, one executive vice president and two executive directors. The lis...
2017-05-26 10:52:22
Norway to support domestic vessel retrofits [Finance]
Following the IMO ratifications of the ballast water and exhaust gas treaties, government-owned Export Credit Norway offers financing to international vessel owners who purchase retrofit equipment from Norwegian suppliers.   The Norwegian ...
2017-05-26 07:33:48
Inmarsat-IMSO to enhance maritime safety in Vanuatu [Shipping]
It turned out that Inmarsat (ISAT.L) has made available five Fleet One units to a pilot initiative that aims to bring change to the way ships connecting island communities in the Pacific archipelago of Vanuatu communicate.   The Internatio...
2017-05-26 07:31:40
DONG Energy to divest oil and gas business to INEOS [Finance]
​DONG Energy agreed on May 24 to divest the entire share capital of DONG E&P A/S to INEOS for an unconditional payment of USD 1,050 million (DKK 7.0 billion) on a cash and debt free basis, a contingent payment of USD 150 million (DKK 1.0 bi...
2017-05-26 07:29:32
Nor Lines and Rolls-Royce sign service agreement [Shipping]
Nor Lines and Rolls-Royce have signed a groundbreaking “Power-by-the-Hour” service agreement for the two vessels Kvitbjørn and Kvitnos. The new service offering harnesses the power of “Big Data” to monitor, plan and perform maintenance a...
2017-05-26 07:27:20
Wartsila to supply equipment for two RoRos [Equipment]
Wärtsilä announced on May 24 that the technology group has been awarded the contract to supply controllable pitch propellers and Power Take Off / Power Take Home (PTO/PTH) shaft generator systems for two new RoRo vessels being built at the Ulja...
2017-05-26 07:25:48
Hapag-Lloyd and UASC merged [General]
Hapag-Lloyd and United Arab Shipping Company (UASC) merged on May 24.  The merger between the two liner shipping companies was completed today in Hamburg. With 230 vessels and a shared fleet capacity of approximately 1.6 million TEU, Hapa...
2017-05-26 07:23:54
McDermott-Aramco ink another MOU [Offshore]
McDermott International, Inc. (NYSE:MDR) announced on May 20 it signed another memorandum of understanding (MOU) with Saudi Aramco to expand and develop the company’s physical and human capital within Saudi Arabia as part of Aramco’s In-Kingd...
2017-05-26 07:21:52
Busan to set up shipbuilding restructuring fund [Finance]
Busan City, Korea Venture Investment, BN Group, and BK Investment will make a  fund of KRW 50bn for small and venture companies in the shipbuilding industry. The city decided to make an investment in BK Investment's 'BK 6th shipbuilding r...
2017-05-26 07:17:39
DSME "Offshore deal with Iran terminated in Sep" [Offshore]
Daewoo Shipbuilding & Marine Engineering said on May 25 regarding a report on an offshore plant deal with Iran, "If we do not enter into the contract, the MOU will expire in September this year." The Korean shipbuilder said through an answ...
2017-05-26 07:15:31
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