Mergers between Solstad and Farstad completed [Offshore]
With the completion of the transactions announced in the stock exchange notice dated February 6, June 21 marked the effective conception of the World's largest high-end offshore service vessel (OSV) company, Solstad Farstad ASA. The company has a...
2017-06-23 07:39:13
New Selektope®-powered antifouling launched [Equipment]
A brand-new antifouling product containing the unique bio-repellent ingredient Selektope® has been launched onto the global market. The increasing diversification in the range of Selektope®-containing products available to ship owners suitab...
2017-06-23 07:34:30
Barthelme develops plastic linear LED luminaire [Equipment]
Barthelme LED Solutions has developed a fully encapsulated plastic linear LED luminaire. As a result, the Nuremberg company offers a genuine alternative to conventional linear luminaires with metal housing.   The leading edge LED technolog...
2017-06-23 07:31:44
"Doosan Engine to show long-term growth" [Equipment]
Doosan Engine is expected to see a massive scale of new orders with earning recovery to accelerage further.  Park Moo-Hyun, Hana Financial Investment of Korea, said, "It is estimated that Doosan Engine's ship engine orders for the second ...
2017-06-23 07:29:40
DSME delivers Ichthys FPSO soon [Offshore]
Daewoo Shipbuilding & Marine Engineering is expected to deliver the Ichthys FPSO at the end of this month. Daewoo has deliberately delayed delivery of FPSO by claiming that Samsung Heavy Industries' CPF facility must be delivered first and...
2017-06-23 07:28:55
Damen bags 19 shallow draught vessels [Shipbuilding]
Damen Shipyards Group of the Netherlands is said to have won a total of 19 shallow draught vessels from Combi Lift, a German heavy lift expert.  The vessels will be used to transport heavy cargo for Gazprom Amur Gas Processing Plant Proje...
2017-06-23 07:27:41
DSME receives corporate bond declaration [Finance]
Daewoo Shipbuilding & Marine Engineering is receiving corporate bond declaration in order to pay interests. As interest rates and interest payment dates have changed as a result of the bondholders' meeting held on April 17 and 18, the comp...
2017-06-23 07:27:00
Hanjin to acquire shares in Subic yard [Finance]
Hanjin Heavy Industries & Construction announced on June 21 that the Korean shipbuilder has decided to take over shares worth around KRW 56.9bn (approximately $49.9m) in its Subic shipyard in the Philippines (HHIC-Phil).  The amount i...
2017-06-23 07:25:56
Premium rigs expected to be in short supply [Offshore]
Harsh-environment rigs might be in short supply against a backdrop of increasing demand for drilling rigs which have premium, resulting from strict operation·safety standards, Bassoe Offshore, a Norwegian brokerage and consultation service provi...
2017-06-23 07:25:16
HMD to resolve circular investment structure [Finance]
Hyundai Mipo Dockyard's disposal of shares in Hyundai Robotics' stake is expected to improve its financial structure and resolve its circular investment structure. The Korean shipbuilder announced through a regulatory filing on June 21 that it...
2017-06-23 07:24:36
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