East Valley attains NORSOK standard [Equipment]
East Valley TNS, a Korean special steel provider, acquired the NORSOK (Norsk sokkels konkurranseposisjon) standard, which is applicable to all type of offshore structures made of steel for extracting petroleum resources from the Arctic Ocean and ...
2018-01-15 07:14:04
Top ten gas projects spends $186bn [Offshore]
Among 156 global offshore gas development projects, top 10 would spend over a total of %186bn of capital expenditure to produce 299tct (trillion cubic feet) of natural gas over their lifetime, according to GlobalData. The top 10 projects will ...
2018-01-15 07:13:44
"Global industry will heavily depend on debt" [Shipbuilding]
The global shipping industry will have to be heavily dependent on debt and lease financing to meet its huge newbuilding CAPEX requirement, according to an expert. Corrine Png at Crucial Perspective, a Singapore based research firm, said that t...
2018-01-15 07:13:25
[Feature] Yards’ 2018 goals [Shipbuilding]
"Setting 41% higher target" Exiting from the worst phase of order drought in 2017, Korean shipbuilding industry is planning to accelerate the pace of recovery with more orders. Last year, Korean industry led global merchant vessel market ...
2018-01-15 07:12:45
"NB supporting plan needed urgently" [Shipbuilding]
While it is expected that reinforcement of the international marine environmental regulations will be opportunities to both shipbuilding and offshore plant businesses, industrial experts emphasized the necessity of timely financial and political ...
2018-01-15 07:12:12
Korea to rebuild shipping industry [Shipping]
The Korean government and shipping industry accelerate the reconstruction of shipping business this year. During the 2018 general assembly of the Korea Shipowners' Association (KSA), which was held on January 11 at Haeun Building, Yeouido, Seo...
2018-01-15 07:11:26
BIMCO released 2018 prospect [Market Information]
On January 4, BIMCO released 2018 prospect for the shipping industry: In 2018, the dry bulk sector is likely to improve the fundamental market balance further, if operational speeds do not increase. For the container shipping sector, the impro...
2018-01-14 14:06:54
Bahri Dry secures capital for Mipo BCs [Finance]
Bahri Dry Bulk, a business unit of global transportation and logistics leader Bahri, has announced on January 10 that it has secured a Sharia-compliant funding of SAR 360 million from Bank Albilad, one of the fast-growing banks in Saudi Arabia, t...
2018-01-12 07:26:36
Norwegian offshore operator returns to Gibdock [Offshore]
Gibdock announced on January 10 that it has extended its impressive track record in the offshore vessel sector, following the visit of the 5700dwt 3D seismic survey vessel Polar Marquis, operated by Norwegian company GC Rieber Shipping. The Berge...
2018-01-12 07:25:22
Cement carrier englarged by Damen [Shipbuilding]
Two years after its previous visit the Lelie C owned by Cebo Marine, has left Damen Shiprepair Oranjewerf (Oranjewerf) following a full maintenance programme and a significant upgrade to its cement carrying capacity. The three-week stopover inclu...
2018-01-12 07:23:50
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[Interview: Danfoss Group] "NB market to be recovered"