Petrobras-Statoil sign strategic partnership [General]
Petrobras reports that it has signed, with the Norwegian company Statoil, the contracts related to the assets of the strategic partnership, in continuity with the Heads of Agreement (“HoA”) signed and disclosed on 9/29/2017. The main signe...
2017-12-28 07:21:22
MOL develops AR for autonomous navigation [Shipping]
Mitsui O.S.K. Lines, Ltd. (MOL; President & CEO: Junichiro Ikeda) announced on December 26 an agreement with Furuno Electric Co., Ltd. (President: Yukio Furuno; Headquarters: Nishinomiya-shi, Hyogo Prefecture) and MOL Techno-Trade, Ltd. (Pres...
2017-12-28 07:20:18
MPI Contractors signs contract with Eneco [Offshore]
MPI Contractors B.V. has signed a contract with Eneco Windmolens Offshore B.V. on December 22 to provide offshore transport and lifting services during main component replacements planned for wind turbines in the Prinses Amaliawindpark. This Agre...
2017-12-28 07:18:59
HMD expected to make loss in 4Q [Shipbuilding]
Hyundai Mipo Dockyard (HMD) announced on December 26 that the Korean shipbuilder's revenue and operating profit for this year are estimated to reach KRW 2.3956trn (approximately $) and 79bn, respectively, with a prospective revenue of KRW 2.76trn...
2017-12-28 07:17:21
Shipping seizes good change in 10 years? [Shipping]
In next year's global shipping company, it is expected that the growth of demands would surpass supply expansion for the first time in 10 years. According to a report written by Randy Giveans and Christopher Robertson at Jefferies, LNG and oil...
2017-12-28 07:16:46
"LNG carrier fall short by 2020" [Shipbuilding]
A report saying more than 40 units of LNG carrier newbuildings are required for next three years to meet LNG shipping demand is published. In a report named ‘Bottoms up LNG,’ Wells Fargo Securities’ Senior Analyst Michael Webber and Asso...
2017-12-28 07:16:02
Higaki wins tweendecker trio from Taiwan [Shipbuilding]
Higaki Shipbuilding of Japan has won three tweendeck-equipped general cargoships from Glory Navigation.  According to the Taiwanese orderer and foreign industrial sources, the 10,000 dwt tweendecker trio is slated for delivery from Janu...
2017-12-28 07:13:20
Nantong Rainbow to build offshore platform [Offshore]
Land Offshore of China chooses compatriot Nantong Rainbow Offshore & Engineering Equipment(ROC) for a self-elevating wind farm installation platform. According to foreign media and industry, the platform will be deployed for offshore wind far...
2017-12-28 07:08:39
HHI Group rounding off rebuilding [Shipbuilding]
Hyundai Heavy Industries (HHI) Group is putting the final piece of its grand scheme of restructuring which has been carried out since the end of last year. HHI also seems to have almost finished its management improvement plan with the recapita...
2017-12-27 14:59:13
SHI to secure RG in rotation [Finance]
Eight Korean banks are set to issue refund guarantees (RGs) to Samsung Heavy Industries (SHI) in rotation.   As it becomes the second beneficiary of the rotating RG issuing system after Hyundai Heavy Industries (HHI) which has the st...
2017-12-27 13:43:08
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