Offshore wind industry joins forces to reduce cable failures [Offshore]
Power-cable failures offshore are often the main risk affecting the development and operation of offshore wind farms. Approximately 80% of insurance claims in the offshore wind industry are linked to cable failures. To reduce failure levels, DNV ...
2018-04-19 07:09:25
UK’s Partrac launches its US subsidiary [Offshore]
Partrac Ltd., the Scottish-based Marine Survey and Coastal Consultancy group founded in 2003 announced the launch of its US subsidiary, Partrac GeoMarine, Inc. The launch is timed to coincide with the Offshore Technology Conference (OTC) 2018 to ...
2018-04-19 07:08:28
Guohang to order five kamsarmax ships [Shipping]
The largest bulker operator in China Guohang Ocean Shipping (Group) is understood to be planning to order five newbuilding bulkers. According to the industry and TradeWinds, the company is poised to order five kamsarmax bulkers at Qingdao Wuch...
2018-04-19 07:07:26
Astomos to develop LPG-powered BC [Shipping]
Japanese LPG provider Astomos Energy plans to develop LPG-fueled bulker. According to a foreign media outlet, the company will work on the project in cooperation with the Japan Agency for Marine-Earth Science and Technology (JAMSTEC). The proj...
2018-04-19 07:06:55
Doosan Engine nets ship engine deal from SHI [Equipment]
Doosan Engine announced through a regulatory filing in April 18 that the Korean engine maker has signed a contract with Samsung Heavy Industries (SHI) for supplying ship engine worth KRW 76.9bn (approximately $72.04m).   The value of...
2018-04-19 07:06:19
Decision made soon on Sungdong's receivership [General]
A decision will be made sooner or later on whether to put Sungdong Shipbuilding and Marine Engineering under court receivership.  The Korean debt-ridden shipbuilder filed for a court receivership to Changwon District Court on March 22. Wh...
2018-04-19 07:05:46
STX preparing unpaid leave [General]
STX has received applications for voluntary retirement again this year, but only a few have applied. STX O&S revealed that the company received the application from April 16 to 17 for retirement and outsourcing, to receive 13 application (...
2018-04-19 07:05:14
Low completion of Chinese yards in Q1 [Shipbuilding]
Chinese yards are showing a slow pace with the comparably low level of completion in Q1 2018. According to CANSI, the accumulated order intake of the industry during the period recorded 15.53m dwt, which is yoy 180% increase. It is impressive ...
2018-04-19 07:04:31
Statoil awards a conditional LOI to Odfjell [Offshore]
Odfjell Drilling announced on April 16 that Statoil has awarded a conditional Letter of Intent (LOI) for a drilling contract for Deepsea Atlantic for 6 firm wells with an estimated total duration of 18 months, scheduled to commence in early first...
2018-04-18 07:24:47
Transborders announces FLNG joint study [Offshore]
Transborders Energy Pty Ltd (Transborders) is pleased to announce it has signed a Joint Study Agreement with a major Asian LNG Buyer to work together on the development of Transborders’ Generic Floating LNG (FLNG) Solution. The Joint Study a...
2018-04-18 07:23:08
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