Nam Cheong called for 6 month moratorium [Finance]
Nam Cheong Limited, Malaysia's largest OSV builder announced on September 9 that it filed an application with the High Court of the Republic of Singapore for six months of a moratorium. It also announced that it made an application in the ...
2017-10-11 14:57:44
HMD disposed of HHI shares [Finance]
Hyundai Mipo Dockyard (HMD) announced on October 11 that it decided to dispose of 1.8m shares in Hyundai Heavy Industries (HHI) at about KRW263.7bn (around $231.9m) to improve the financial structure and secure liquidity. It accounts for 1...
2017-10-11 14:14:11
SHI applied for USCG BWTS approval [Equipment]
It appears that Samsung Heavy Industries (SHI) recently applied to the United States Coast Guard (USCG) for type approval of its BWTS. According to industry sources, the company is the 7th company of the world which applied to USCG approval ...
2017-10-11 13:58:43
Shipbuilding seeing “improving sentiment” [General]
Eight out of 10 global shipbuilding and marine companies predicted that shipbuilding and marine industry will see a recovery and increased profit in next three years. Sentiment in the industry is gradually improved while ordering activity bottomi...
2017-10-11 13:43:55
Bureau Veritas releases new rules for FSRUs [Offshore]
Bureau Veritas announced on October 9 that it has now published a new Rule (NR645) for the classification of Floating Storage and Regasification Units (FSRUs) in response to industry demand and following close engagement with FSRU stakeholders. ...
2017-10-11 07:03:48
ABB won an order for Azipod® system [Equipment]
ABB announced on October 9 that it is to provide Azipod propulsion system for new Viking Line cruise ferry to be built in China, the first installation of Azipod propulsion in a cruise-ferry application. The vessel is to be built by Xiamen Shipbu...
2017-10-11 07:02:45
YSA Design vision for fast-changing cruise market [Shipbuilding]
Strong design vision and comprehensive project management capabilities will be essential ingredients if the cruise industry is to capitalize on fast-changing passenger demographics and ensure that vacations at sea are more than a ‘once in a lif...
2017-10-11 07:02:09
Borr Drilling acquires nine rigs from PPL [Offshore]
Borr Drilling Limited (“Borr Drilling” or the “Company”) announced on October 6 the signing of a Master Agreement for the acquisition of nine premium jack-up rigs from PPL Shipyard Pte Limited (“PPL”). The acquisition will increase th...
2017-10-11 07:01:21
Rolls-Royce to use Google's machine learning [General]
Rolls-Royce announced on October 3 that it has signed a deal with Google to develop further its intelligent awareness systems which are making existing vessels safer and are essential to making autonomous ships a reality. The agreement, believ...
2017-10-11 07:00:35
Bahri-DNV GL Sign Partnership for Big Data [Shipping]
Bahri announced on October 9 that Bahri Data, one of the six business units within Bahri, a global leader in transportation and logistics, and DNV GL, the world’s leading classification society and recognized advisor for the maritime industry, ...
2017-10-11 06:59:21
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