Doosan Heavy pursues Vietnamese OWF [Offshore]
Doosan Heavy Industries & Construction announced on March 23 that the company signed an agreement with state-run EVN (Electricity of Vietnam) for the development of 3MW offshore wind farm for technical validation in line with ESS facilities. ...
2018-03-26 07:35:58
CSBC-DEME sign LOI for Taiwanese OWF [Offshore]
Taiwanese shipbuilding major CSBC is building 1.2GW Hai Long 2&3 Offshore Wind Farm in Taiwan through a JV with GeoSea. CSBC-DEME Wind Engineering recently stroked LOI for Hai Long Offshore Wind Farm Project to pursue the design and constr...
2018-03-26 07:35:24
SAJ: "heyday ahead for shipbuilding" [Shipbuilding]
Yasuhiko Katoh, Chairman of the Japan Shipbuilders' Association (SAJ), said on March 20 that Japanese yards are receiving more orders this year as well as last year. He added that the shipbuilding industry may enjoy another heyday with environm...
2018-03-26 07:33:48
Polaris buys two 110K LR2 TKs [Shipping]
Polaris Shipping announced that it is entering tanker business, buying two 110,000-dwt tankers. The units are two LR2 tankers Daehan Shipbuilding is building. The first unit, Polar Ace had been delivered on March 22, and the second unit Polar ...
2018-03-26 07:33:08
Samsung Life takes part in SHI capital increase [Finance]
Samsung Life Insurance announced through a regulatory filing on March 22 that it has decided to support the capital increase of Samsung Heavy Industries (SHI), one of its allied enterprises, by buying 6.666074m shares in the Korean shipbuilding h...
2018-03-26 07:32:35
"Petronas PFLNG2 is 84% complete" [Offshore]
The construction of Petronas' second Floating Liquefied Natural Gas (FLNG) unit is making considerable progress.  On the sidelines of 'OTC Asia 2018' held in Kuala Lumpur, Malaysia, during March 20-23, Adnan Zainol Abidin, Petronas' vice ...
2018-03-26 07:32:00
China pouring orders into logbook [Market Information]
Chinese shipbuilding industry is showing a heavy yoy growth in Jan-Feb period in 2018. According to CANSI, the accumulated order intake of the industry during the period recorded 12.29m dwt, which is yoy 456% increase. In the same period, the ...
2018-03-26 07:31:11
DSME reclaimed global second place [Market Information]
Global newbuilding orderbook recorded 199.7m dwt (77m cgt, 3,065 units) at the end of February, which is around 4% lower than a year ago and 2% lower compared to the beginning of the year in terms of dwt. As of the end of February, according t...
2018-03-26 07:30:45
PwC: optimism growing in market [Market Information]
There’s an unfamiliar atmosphere in the executive offices of many oil and gas companies these days – an atmosphere of optimism. For the first time since crude prices nosedived in 2014, a majority of oil and gas industry CEOs surveyed for PwC...
2018-03-26 07:30:14
Japan sees ship exports doubled in Feb [Market Information]
It turned out that 16 units of a combined 900,000 gt (350,000 cgt) were contracted last February for exports in Japan, up by 37% against a year ago (in gt terms, the rest is the same as above). Compared to January when a poor start was seen, ship...
2018-03-26 07:29:43
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