Add Energy to unlock small offshore gas assets [Offshore]
Add Energy, an international energy consultancy provider, has announced on October 17 that it has partnered with Transborders Energy (TBE) and joined forces with TechnipFMC and MODEC to create a unique and fast deployment business model for the F...
2017-10-19 07:11:16
USTDA supports wind energy in Vietnam [Finance]
The U.S. Trade and Development Agency (USTDA) announced on October 11 that it awarded a grant to Power Engineering Consulting Joint Stock Company 2 (PECC2), a leading Vietnamese power engineering company, to support development of a 100 megawatt ...
2017-10-19 07:10:50
Wood nets FEED deal for China's LNG platform [Offshore]
Honghua Group, a Chinese large-scale equipment manufacturer and drilling service provider, turns out to have signed a FEED deal worth $12m with Wood Group for the world's first offshore platform-based LNG liquefaction and storage facility. Acc...
2017-10-19 07:09:54
MES won green engines deals [Equipment]
Mitsui Engineering & Shipbuilding (MES) announced on October 16 that its marine diesel engines will be installed on a coal carrier Imabari shipbuilding is constructing. The engines are known to be equipped with High-pressure Exhaust Gas Re...
2017-10-19 07:07:45
ABS shows will to join smart ship development [General]
The top executives of the American Bureau of Shipping (ABS) including Tony Nassif, Executive Vice President & COO, have recently had a press conference in Japan to introduce the current state of ABS, as well as the institute's future core bus...
2017-10-19 07:07:19
Global orderbook shrank 18% [Shipbuilding]
Global orderbook has shrunk by 18% from the beginning of the year in terms of unit and dwt. At the end of September, the orderbook recorded 185.5m dwt (75.1m cgt, 3,056 units). The industry is still experiencing a shortage of work cover and de...
2017-10-19 07:06:10
HMD already exceeded its contracting goal [Shipbuilding]
With four months remaining until the end of 2017, Hyundai Mipo Dockyard attained this year's goal of $1.6bn new orders.  HMC Investment Securities of Korea released a report on October 18 and noted, "Hyundai Mipo has already exceeded its ...
2017-10-19 07:05:42
Iran wants brand new fleet [Shipbuilding]
The shipbuilding industry is vibrating with expectation for newbuilding waves from Iran, which is planning to renew its old fleet. AzerNews reported on October 17 citing an official from Islamic Republic of Iran Shipping Lines (IRISL) that “...
2017-10-18 15:45:51
Will DSME win Battle of Barents sea? [Offshore]
Industry sees that there is a high chance for Daewoo Shipbuilding & Marine Engineering (DSME) to win a contract war for Statoil’s Johan Castberg field development in the Barents Sea, for which the energy major is expected to order phase 1 p...
2017-10-18 14:34:54
M&A bid for STX rejected [Finance]
STX Heavy Industries announced on October 17 that a M&A tender for the company has been rejected, resulting from the failure of finding a preferred bidder. The Korean shipbuilder noted, "We plan to carry out the sale again." STX's reh...
2017-10-18 13:52:47
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