SHI in the black for four consecutive quarters [Finance]
Samsung Heavy Industries (SHI) recorded KRW2.2997trn ($2.06bn) of revenue and KRW20.6bn of operating profit in Q2 2017. As a result, SHI’s operating profit is back in the black yoy, while achieving four consecutive quarters in the black since Q...
2017-07-28 07:15:53
Summer heated by newbuilding order rally [Shipbuilding]
This summer is being heated by various newbuilding orders.   Allied Shipbroking, a Greek brokerage company reported that “Summer is a traditional lull for newbuilding orders, and we actually have seen recent slow down in the market. Howe...
2017-07-28 07:14:43
Hyundai Samho reaches agreement on wage [General]
The labor union and management of Hyundai Samho Heavy Industries have reached a non-conflict agreement on this year's wage and collective deal for the first time in Korean shipbuilding industry.  Hyundai Samho has recently announced that ...
2017-07-28 07:13:38
Black & Veatch wins India's first floating LNG project [Offshore]
Black & Veatch will deliver critical elements of India's first floating storage and regasification unit (FSRU) liquefied natural gas (LNG) import terminal. The project will help develop the Indian gas market, which is projected to be one of t...
2017-07-27 07:40:28
Transocean fixes ultra-deepwater semi-sub rig [Offshore]
Transocean Ltd. announced on July 25 that it issued a quarterly Fleet Status Report that provides the current status of and contract information for the company’s fleet of offshore drilling rigs. As of July 25, 2017, the company’s contract ba...
2017-07-27 07:38:34
Shell Australia receives 'Prelude FLNG' [Offshore]
Shell Australia has recently confirmed that its Prelude floating liquefied natural gas (FLNG) facility has arrived in Australian waters. Prelude is the first deployment of Shell’s FLNG technology, that will see a 488 metre long floating faci...
2017-07-27 07:35:31
Mermaid nets two new subsea deals [Offshore]
Mermaid Maritime Public Company Limited (“Mermaid”) has recently been awarded two subsea contracts with a combined estimated value of USD 4.6 million. The first contract award, with work scheduled to commence in the third quarter of 2017, ...
2017-07-27 07:33:42
Fincantieri-Mapei to make collaboration [Shipbuilding]
It turned out that Fincantieri, world leader in cruise ship construction, and Mapei, leader in chemical products for the construction sector, with a business line of shipbuilding industry products, signed a strategic cooperation agreement in the ...
2017-07-27 07:30:55
ABS-classed tug barge delivered [Shipbuilding]
ABS has recently confirmed that the ABS-classed Harvest, an articulated tug barge (ATB) purpose-built to transport liquefied anhydrous ammonia, has been delivered to a subsidiary of Savage Companies by U.S. shipbuilder Vigor. “The delivery o...
2017-07-27 07:28:36
Samskip to take over Nor Lines AS [Shipping]
Samskip announced on July 25 that it will acquire activities associated with Nor Lines AS, in a major expansion of its shipping, transport and logistics businesses in Norway.    Subject to approval by Norway’s competition authoritie...
2017-07-27 07:26:37
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