Novatek-Japan join hands for LNG transshipment [Shipping]
Novatek announced on November 28 that the Russian gas producer signed a memorandum of understanding (MOU) with two Japanese companies Mitsui O.S.K. Lines (MOL) and Marubeni Corporation for the cooperation in the establishment of a new LNG transsh...
2017-11-30 07:27:33
"60 LPGCs expected to be ordered in 2018" [Shipbuilding]
A Korean industry expert has forecasted that there will be the LPG carrier order spree during 2018-2020.  Park Moo-Hyun, a researcher at Hana Financial Investment, explained on November 29, "LPG is the largest by-product from a petroleum ...
2017-11-30 07:26:26
Zvezda to build 178 newbuilding by 2035 [Shipbuilding]
The Russian government is driving an ambitious plan to build domestic shipbuilding industry. According to local media and industry, state-run yard Zvezda Shipbuilding Complex seems to be planning to build 178 units of newbuildings by 2035. Re...
2017-11-30 07:26:00
Global orderbook holding steady [Shipbuilding]
At the beginning of November, global orderbook recorded a total of 185.3m dwt (74.7m cgt, 3,040 units). This is 18% decrease from the beginning of 2017 in terms of dwt, while the drop remained steady from the end of September (185.5m dwt). Acc...
2017-11-30 07:25:31
SHI won additional two shuttle tankers [Shipbuilding]
Teekay Offshore Partners announced on November 28 that the company is exercising options for two suezmax DP2 shuttle tankers. The price is understood to be a total of around $265m. The ships will be built based on Teekay’s Shuttle Spirit design...
2017-11-30 07:24:28
DSME leads LNG carrier market [Offshore]
Daewoo Shipbuilding & Marine Engineering (DSME) again proved its competitive edge in LNG carrier segment. DSME announced on November 27 that the company’s ice-breaking LNG carrier and LNG-FPSO are certified as ‘World Class Products of ...
2017-11-30 07:23:57
Teekay Tankers and Tanker Investments announce of merger [General]
Teekay Tankers Ltd. and Tanker Investments Ltd. (TIL) announced on November 27 the closing of the previously announced merger of the two companies. Upon the closing of the merger, each outstanding share of TIL common stock (other than shares held...
2017-11-29 07:17:41
Statoil takes over Martin Linge field [Offshore]
Statoil announced on November 27 that the company and Total have agreed on a transaction whereby Statoil will acquire Total’s equity stakes in the Martin Linge field (51%) and the Garantiana discovery (40%) on the Norwegian continental shelf (NCS...
2017-11-29 07:17:10
Wärtsilä engines and exhaust cleaning for new cruise [Equipment]
The technology group Wärtsilä announced on November 23 that it has been contracted to supply the engines and exhaust gas cleaning systems for a new 104 metres long exploration cruise vessel. The ship is being built at the China Merchants Heavy In...
2017-11-29 07:16:30
K-MATE Controller for Shell Ocean Discovery XPRIZE [Shipbuilding]
KONGSBERG announced on November 27 that supported by KONGSBERG experts and technology, the GEBCO-NF Alumni Team, one of 19 semi-finalist teams competing in the $7 Million Shell Ocean Discovery XPRIZE competition, has completed Technology Readines...
2017-11-29 07:16:02
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