China expands supports for shipbuilding and shipping [Finance]
Chinese financial policy-making bodies and trust companies are reported to have constantly expanded supports for their compatriot shipbuilding and shipping industries.  According to a monthly report released by the Korea Maritime Institut...
2017-07-05 07:05:14
YZJ won six NBs in 2Q [Shipbuilding]
It emerged that Yangzijiang Shipbuilding (Holdings) Group (YZJ), one of the largest privately-owned shipbuilders in China, recorded a total of six newbuildings worth about $133m contracted in 2Q this year. Three of the new ships are reportedly...
2017-07-05 07:03:44
Keppel to deliver world's first converted FLNGV [Offshore]
Keppel Offshore & Marine's (Keppel O&M) wholly-owned subsidiary, Keppel Shipyard Ltd (Keppel Shipyard), will soon deliver the world's first converted Floating Liquefaction Vessel (FLNGV) owned by Golar Hilli Corporation (Golar), a subsidi...
2017-07-04 07:25:39
Sempra, Woodside Sign MOU to Advance Port Arthur LNG Project [Offshore]
Sempra Energy (NYSE: SRE) and Woodside Petroleum Ltd. (ASX: WPL, OTC: WOPEY) announced on June 29 that their respective subsidiaries, Sempra LNG & Midstream, LLC and Woodside Energy (USA), Inc., have signed a memorandum of understanding (MOU)...
2017-07-04 07:24:11
Statoil Evaluates New CO2 Storage Project [Offshore]
Gassnova has assigned Statoil to evaluate the development of carbon storage on the Norwegian continental shelf (NCS). This will be the first storage site in the world receiving CO2 from several industrial sources.  The storage project is ...
2017-07-04 07:23:11
Sunrui earns USCG BWMS Type Approval [Equipment]
The Chinese manufacturer SunRui and classification society DNV GL celebrated as Sunrui became the fourth manufacturer of ballast water treatment systems (BWTS) to obtain type approval from the US Coast Guard (USCG). Its BalClor® system treats ba...
2017-07-04 07:21:49
CSSC launches new marine service business [Shipbuilding]
On June 30, China State Shipbuilding Corporation (CSSC) formally launched a new business CSSC Marine Service Co.,Ltd, to coincide with the inauguration of their new logistic centre within the Yangshang free trade zone, Shanghai. The inaugurati...
2017-07-04 07:19:58
Damen finalises Keppel Verolme takeover [Shipbuilding]
Damen Shiprepair & Conversion (DSC), a part of Damen Shipyards Group, announced on June 30 that it completed the acquisition of the Keppel Verolme shipyard from Keppel Offshore & Marine. DSC’s acquisition of the yard follows an initi...
2017-07-04 07:18:34
Sean Fernback to lead C-MAP [General]
Global marine navigation technology leader C-MAP®, announced on June 29 that Sean Fernback has been engaged as Chief Executive Officer of Digital Marine Solutions Holding AS and the C-MAP Group. Fernback will focus on strengthening the product p...
2017-07-04 07:17:10
"Recovery limited to large shipyards only" [Shipbuilding]
While Korean shipbuilding business is showing a rebound trend this year after going through last year's historical order drought, an expert institution has pointed out that the uptrend is limited to large-sized shipyards.  BNK Financial G...
2017-07-04 07:15:08
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