DeepOcean supports Snorre Expansion Project [Offshore]
It turned out that DeepOcean AS, as subsidiary of DeepOcean Group Holding BV (DeepOcean), has recently been awarded a significant contract for performing marine operation scope on the Snorre Expansion Project in the North Sea. The award covers...
2018-01-09 07:20:56
L&T inks deal worth $229m with ONGC [Offshore]
L&T Hydrocarbon Engineering Limited (LTHE), a wholly-owned subsidiary of Larsen & Toubro, announced on January 5 that it has signed an offshore contract for ‘Bassein Development 3 Well Platform & Pipeline Project’ with Oil & N...
2018-01-09 07:17:16
YZJ nets 81K BC quartet [Shipbuilding]
Alpha Bulkers turns out to have ordered four new Kamsarmax bulkers from Yangzijiang Shipbuilding (Holdings) Group (YZJ), one of the largest privately-owned shipbuilders in China. Via its website, the Athens-based bulker operator updated inform...
2018-01-09 07:13:43
Bohai seals Newcastlemax BC deals [Shipbuilding]
It is said that multiple global bulker operators placed orders at China's state-owned Bohai Shipbuilding Heavy Industry (BSHIC) for several Newcastlemax bulkers. According to foreign press, James Marshall-led Berge Bulk and John Fredriksen rep...
2018-01-09 07:13:05
CSSC won two domestic VLGCs [Shipbuilding]
CSSC-affiliated yard Jiangnan Shipyard is understood to won two VLGCs from Hong Kong-based energy firm Fortune Oil.  According to TradeWinds and industry sources, two parties agreed to build two new 84,000cbm VLGCs at around $136m without...
2018-01-09 07:11:18
LNG FSRU heated up in Bangladesh [Offshore]
Bangladesh is now being heated up with news for LNG import terminal.  Reliance Power, an Indian energy farm recently announced that it will also develop the EPC project for its own LNG terminal and gas-to-power projects. The project is a ...
2018-01-09 07:10:30
India now eyes LPG carrier [Shipbuilding]
India, recently frustrated at the failure of venture for the construction of the large LNG carrier, is understood to be eyeing on LPG carriers now. According to local media, The Government of India has held a high-level meeting in last Decembe...
2018-01-09 07:09:37
"HMD has a lot of capital" [Shipbuilding]
It is said that Hyundai Mipo Dockyard (HMD) would not increase capital by issuing new stocks like Hyundai Heavy Industries (HHI) as the company's cash and cashable assets exceed KRW 150bn (approximately $140.7m). Yang Hyung-Mo, a researcher at...
2018-01-09 07:07:48
"Time for Korea to enter Russian shipbuilding" [Equipment]
As Russian shipbuilding industry is expected to make a remarkable growth, it is said that Korean shipbuilders need to show interest actively.  According to the Korea Trade-Investment Promotion Agency (KOTRA), In Russian shipbuilding busin...
2018-01-09 07:06:15
SHI receiving wage return from all employees [General]
Samsung Heavy Industries (SHI) is expanding its wage return strategy from the management to all employees.  The company has received wage return from the management since 2H 2017 to respond to financial difficulty.  According to S...
2018-01-09 07:05:34
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