Wisdom selects Japanese yards for BCs [Shipbuilding]
Taiwanese shipping company Wisdom Marine recently announced that it have placed an order for two bulkers at a Japanese yard Japan Marine United (JMU). The operator explained that those 82,400-dwt ships will feature Tier III standards with a pr...
2018-02-28 07:08:54
Prefered bidder selected for Doosan Engine [Equipment]
Doosan Heavy Industries & Construction (DHIC) announced on February 26 through a regulatory filing that the company selected Socius-Well to Sea consortium as the preferred bidder. DHIC also stated that it will arrange another regulatory fi...
2018-02-28 07:08:22
Shipbuilding gap between KOR-CHN narrowed [Shipbuilding]
Hana Institute of Finance of Korea has recently released a report which indicates that a technological gap between Korean and Chinese shipbuilders had been narrowed by 3.4 years.  Until 2014, the difference between two countries was 3.6 y...
2018-02-28 07:07:57
Shell: LNG demand hikes [General]
Global oil major Shell reported that global LNG market is continuing to defy expectations. According to Shell’s recently published LNG Outlook, LNG demand in 2017 recorded 293m tons, which is 29m tons of growth. This demand hike has been predic...
2018-02-28 07:06:06
Nothing yet decided for STX/Sungdong [Shipbuilding]
The Ministry of Trade, Industry and Energy of Korea (MOTIE) stated on February 27 that “the consulting for the mid-standing yards is currently underway, and nothing is decided for their future.” A press has reported that ‘Samjong KPMG su...
2018-02-28 07:05:26
2018 newbuilding starts smooth sailing [Shipbuilding]
Global shipbuilding industry scored 63 units, 7m dwt (2.3m cgt) of orders in January, which is yoy 9% growth in terms of dwt. It can be seen as a good start compared to 2015’s yoy 53% decrease, 2016’s 92% decrease, and 2017’s 39% decrease. ...
2018-02-28 07:04:56
DSME nets another duo of LNGC newbuilds [Shipbuilding]
Daewoo Shipbuilding & Marine Engineering has signed a newbuilding contract for two LNG carriers with an Oceanian shipowner, it announced on Tuesday in a regulatory filing. Contract value is around KRW 394.3bn (foreign exchange rate USD 1 =...
2018-02-27 16:23:55
GE-Noble Link up the world’s first digital rig [Offshore]
Following the partnership formed by GE (NYSE: GE) and Noble Corporation plc (NYSE: NE), the two companies launched the world’s first digital drilling vessel, targeted to achieve 20 percent operational expenditure reduction across the targeted e...
2018-02-27 07:14:07
ADSB achieves its second highest profit [Shipbuilding]
Abu Dhabi, UAE, February 16, 2018 – Abu Dhabi Ship Building PJSC (ADSB) today released its financial results for the financial year ended 31 December 2017. The report was accompanied by a statement from the Chief Executive Officer, Dr. Khaled...
2018-02-27 07:13:32
Schlumberger and Subsea 7 announces joint venture [Offshore]
Schlumberger (NYSE:SLB) and Subsea 7 S.A. (Oslo Børs:SUBC, ADR:SUBCY), announced on February 23 that they have entered into exclusive negotiations to form a joint venture that builds on the success of Subsea Integration Alliance, which was estab...
2018-02-27 07:13:12
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