Oshima wins 56K BC trio [Shipbuilding]
Oshima Shipbuilding of Japan turns out to have won three new 56,000 dwt bulkers from its compatriot Mitsui O.S.K. Lines (MOL). The Handymax vessels are slated for delivery in 2021, according to industrial sources. With the order, MOL has retur...
2018-02-22 07:11:27
India-Japan join hands for FSRU project [Offshore]
Petronet LNG, an Indian LNG importer, is to sign a memorandum of understanding (MOU) with Mitsubishi Corporation and Sojitz Corporation of Japan this month for the conclusion of a take-or-pay contract to build LNG terminal in Sri Lanka.  ...
2018-02-22 07:10:35
HHI won domestic VLCCs? [Shipbuilding]
It is said that Hyundai Heavy Industries (HHI) won a contract for two new VLCCs from H-Line Shipping. According to industry and foreign media, two parties signed a contract for two 300,000-dwt VLCCs with a delivery schedule in late 2019 withou...
2018-02-22 07:09:35
Three pillars of Korea have thinner orderbook [Shipbuilding]
Global newbuilding orderbook recorded 197m-dwt (76.5m cgt, 3,110 units) at the end of January, which is the lowest in terms of units since October 2003, and also 3% decrease from last month in terms of units and dwt. As of the end of January, ...
2018-02-22 07:08:36
HHI continues VLCC rush [Shipbuilding]
Sinokor Merchant Marine is emerged to have exercised option for two additional VLCCs it held at Hyundai Heavy Industries (HHI) Group. A foreign media reported that the two units will be built by Hyundai Samho Heavy Industries. Sinokor was also...
2018-02-22 07:07:58
DSME to issue convertible bond [Finance]
Daewoo Shipbuilding & Marine Engineering (DSME) announced on February 20 that it will issue a KRW 48.3bn (approximately $44.86m) 30-year convertible bond (CB) on March 14, targeting at the Export and Import Bank of Korea (Korea Eximbank). ...
2018-02-22 07:07:25
World class performance by world’s first floating wind far [Offshore]
Despite one hurricane, one winter storm and wave heights of up to 8,2 meters, Hywind Scotland, the world’s first floating wind farm, performed better than expected in its first 3 full months in production, Statoil stated on February 15. The ...
2018-02-21 07:20:27
Cathelco win series of orders [Equipment]
Cathelco announced on February 19 that it have won orders to supply equipment for a number of cruise and commercial vessels which are being built in European and Far East yards in the months ahead. Impressed current cathodic protection (ICCP) ...
2018-02-21 07:20:08
Ingalls Industries awarded LPD 29 [Shipbuilding]
Huntington Ingalls Industries (NYSE:HII) announced on February 16 that its Ingalls Shipbuilding division was awarded a $1.43 billion, fixed-price incentive contract for the detail design and construction of LPD 29, the 13th San Antonio-class amph...
2018-02-21 07:19:49
Acquisition of Cowan Manufacturing [Equipment]
James Fisher and Sons plc (James Fisher) announced on February 19 the acquisition of the entire share capital of Cowan Manufacturing PTY Limited (Cowan) for consideration of A$2.6m (£1.5m) in cash. Cowan, based in New South Wales, Australia, ...
2018-02-21 07:19:33
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