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HMM eyeing 22,000teu mega boxships
[Shipping]
Hyundai Merchant Marine (HMM) is discussing business strategies in ‘2018 strategy meeting’ in presence of Yoo Chang-Keun, HMM CEO, and resident employees abroad from 18 through 22 December. “We achieved many things this year, recovering ...
2017-12-21 07:12:18
China on yoy recovery track
[Shipbuilding]
Chinese shipbuilding industry is showing a sign of recovery with a double score in November compared to the last year, recording five consecutive months of yoy growth since July. According to CANSI, the accumulated order intake of Chinese yard...
2017-12-21 07:11:54
Wisdom orders 2 supramax BCs
[Shipbuilding]
Wisdom Marine of Taiwan recently announced through a regulatory filing that its board approved the order for two 61,000dwt bulkers at a Japanese yard Kawasaki Heavy Industries (KHI). The shipping company revealed that the price is under $26m apie...
2017-12-21 07:11:32
Total launches development of the Giant Libra Field
[Offshore]
Total announced on December 18 that it has taken the investment decision for the first large-scale development phase of the Libra project, located deep offshore, 180 kilometers off the coast of Rio de Janeiro, in the pre-salt area of the Santos B...
2017-12-20 07:18:33
McDermott and CB&I to Combine
[Offshore]
McDermott International, Inc. (NYSE:MDR) and CB&I (NYSE:CBI) announced on December 18 that the companies have agreed to combine in an all-stock transaction to create a premier fully vertically integrated onshore-offshore company, with a broad...
2017-12-20 07:18:09
Damen-Concordia group join forces
[Shipbuilding]
On December 15th, Damen Shipyards Group and Concordia Group signed a joint venture agreement with the purpose of cooperating in the construction and trade of inland waterway vessels. The joint venture will operate under the name Concordia Damen S...
2017-12-20 07:16:49
Vard secures contract for cruise icebreaker
[Shipbuilding]
Vard announced on December 18 that it have secured a contract for the design and construction of one luxury polar expedition cruise vessel for French cruise company PONANT. The contract value is approximately NOK 2.7 billion. The uniqu...
2017-12-20 07:16:07
Foreship predicts 'one third' will opt for scrubbe
[Equipment]
Shipowners weighing up their future marine fuel choices after the 2020 IMO 0.5% sulphur cap should also consider oil company expectations that up to 30% of commercial shipping will gravitate back to high sulphur fuel oil by 2030, according to lea...
2017-12-20 07:15:42
US DOE announces support offshore wind research
[Offshore]
On December 12, U.S. Secretary of Energy Rick Perry announced $18.5 million in new Department of Energy (DOE) funding for an offshore wind research and development (R&D) consortium that will conduct U.S.-specific research aimed at reducing th...
2017-12-20 07:15:18
Continued support for sustainable ship recycling in Banglade
[Shipbuilding]
The second phase of an IMO-implemented project to enhance safe and environmentally sound ship recycling in Bangladesh is set to begin in January, following a US$1.1 million funding agreement with Norway. The two-year project will build on the ...
2017-12-20 07:14:49
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