Seadrill likely to file bankruptcy in Sep [Finance]
Seadrill, a John Fredriksen-led offshore drilling facility operator, is expected to file for Chapter 11 bankruptcy on or before September 12.  According to industrial sources and foreign presses, the company has made such a decision, whil...
2017-08-29 07:14:12
AVIC catches tanker deal from Socatra [Shipbuilding]
China’s AVIC Dingheng Shipbuilding has bagged an order for up to three Tier II tankers from Socatra.   According to industry sources and TradeWinds, Socatra, a French shipping company has ordered two 7,950dwt new firm tankers and one opt...
2017-08-29 07:13:48
“HHI-HMD face revenue cliff in the aftermath of order drou... [Shipbuilding]
Hyundai Heavy Industries recorded around KRW6.359trn ($5.678bn) of accumulated revenue (separate basis) by the end of July 2017, which is 34% yoy decrease. Hyundai Mipo Dockyard (HMD) in the same period recorded a revenue of KRW1.608trn, or 22% y...
2017-08-29 07:13:21
DSME “not to dispose of special vessel business” [Shipbuilding]
Daewoo Shipbuilding & Marine Engineering (DSME) halted preparations for the disposal of special vessel business (defense industry business), one of its self-rescue plan, saying it “shows no economic benefit.”   DSME, on the media r...
2017-08-29 07:12:52
World's largest FSRU to be fixed [Offshore]
Under construction at Daewoo Shipbuilding & Marine Engineering, the world's largest FSRU of Mitsui O.S.K. Lines (MOL) is said to be contracted for a charter. According to LNG market sources, the 263,000cbm FSRU will be chartered by Botas...
2017-08-29 07:12:29
Cambodia-KrisEnergy seal terms for Cambodia Block A [Offshore]
The Royal Government of Cambodia and KrisEnergy Ltd. (“KrisEnergy” or the “Company”) has recently announced the signing of fiscal and technical agreements for the nation’s first oil field development in Cambodia Block A in the Gulf of T...
2017-08-28 07:39:12
Skangas-ESL ink gas fuel supply deal [Shipping]
Skangas and ESL Shipping have entered into an agreement for providing gas fuel to ESL’s LNG-powered bulk carrier newbuildings. These two new vessels will start operating during first half of 2018. The first of the two vessels was named “Viikk...
2017-08-28 07:34:06
Hoegh LNG announces 4Q and 1H results [Finance]
Höegh LNG Holdings Ltd. ("Höegh LNG") has recently reported its financial results for the quarter and half year ended 30 June 2017. Highlights · EBITDA of USD 37.7 million · Profit after tax of USD 8.5 million · Dividend of USD 0.125...
2017-08-28 07:31:36
Kongsberg wins award from Omega Management [Offshore]
Kongsberg Digital has recently announced that it has received the NorthFace ScoreBoard AwardSM from Omega Management Group Corp for excellence in customer service and support in 2016. Since 2000, the award has been presented annually to companies...
2017-08-28 07:28:29
Wartsila-ABB join hands for lifecycle service [Equipment]
The technology group Wärtsilä and ABB, a pioneering technology leader, have signed an agreement to expand their cooperation in lifecycle service offerings. In this context, ABB has granted Wärtsilä the Authorized Service Provider status for s...
2017-08-28 07:26:13
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