Saipem acquires the Lewek Constellation Vessel [Shipbuilding]
Saipem has entered into an agreement to acquire the Ultra Deepwater Rigid and Flexible Pipelay, 3000 ton Heavy Lift and Construction Vessel Lewek Constellation. Completed in 2013, Constellation is readily available to be promoted for commercia...
2018-03-29 07:06:10
Eidesvik's PSV contracted by Statoil [Offshore]
Norwegian offshore vessel owner Eidesvik Offshore has been awarded a contract by Statoil for its 2009-built platform supply vessel Viking Lady. She is an LNG-fueled vessel and will commence operations with the compatriot energy major during th...
2018-03-29 07:05:23
Frontline sold final shares in DHT Holdings [Finance]
Crude oil tanker player Frontline has now sold off all of its shares in rival DHT Holdings. Frontline’s annual report, which was released last week, said the final stock was sold during the first quarter of 2018. Oslo and New York-listed ...
2018-03-29 07:04:19
HHLA sets sustainable growth targets for 2018 [Shipping]
Hamburger Hafen und Logistik AG (HHLA) was able to strengthen and, in some cases, expand its market position in a challenging environment in the 2017 financial year. There was a clear improvement in key financial indicators. The Group’s revenue...
2018-03-29 07:03:21
New Trafigura VLCCs to have scrubbers [Shipbuilding]
Multinational energy trader Trafigura is expected to join the ranks of SOx scrubber-users, following Cargill, the US mega trading company, and Vitol, one of the world-leading energy corporations.  With 32 oil and product tankers in its or...
2018-03-29 07:01:38
Sungdong sells one of its three yards [Shipbuilding]
After filing for a court receivership on March 22, Sungdong Shipbuilding and Marine Engineering plans to sell its shipyard 2 before its rehabilitation plan is approved by the court.   While trying to sell the shipyard 2, one of its t...
2018-03-29 07:01:04
Fredriksen discussing Seadrill drillship quartet [Shipbuilding]
John Fredriksen, the owner of Seadrill, has reportedly been in talks with Samsung Heavy Industries (SHI) and Daewoo Shipbuilding & Marine Engineering (DSME) in order to buy four drillships that the two Korean companies built for Seadrill.&nbs...
2018-03-29 07:00:25
SM KLC orders VLCC duo again [Shipbuilding]
SM KLC (Korea Line Corporation) announced through a regulatory filing on March 27 that the Korean shipping company and its compatriot oil heavyweight S-OIL signed a five-year charter contract worth KRW 209bn (approximately $193.27m) for two 300,0...
2018-03-29 06:59:50
HMD expected to win $3.6bn orders [Shipbuilding]
A Korean industry expert has recently claimed that Hyundai Mipo Dockyard (HMD) is likely to see an upturn in its business results against a backdrop of growing orderbook.  Hwang Eo-Yeon, a researcher from Shinhan Investment, noted on Marc...
2018-03-29 06:59:21
Dae Sun wins fishery training ship [Shipbuilding]
Dae Sun Shipbuilding & Engineering is said to have won one 3,900 gt fishery training ship for Bukyong National Univ. at over KRW 50bn (about $46.7m) in a tender opened on March 19 by the Public Procurement Service of Korea.   The...
2018-03-29 06:58:42
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