Boskalis to build landmark polder development [Offshore]
Royal Boskalis Westminster N.V. (Boskalis) announced on April 3 that it has received a Letter of Award from the Housing & Development Board of Singapore for the development of a polder at the north western tip of Pulau Tekong. The contract va...
2018-04-05 07:35:48
IKM Subsea secures PTTEP drilling contract [Offshore]
IKM Subsea Singapore signed a contract with PTTEPI for their appraisal campaign offshore in Myanmar. IKM Subsea will be providing a Merlin WR200 electrical propulsion system together with a BOP intervention tool and an IKM Technology designed ...
2018-04-05 07:34:07
Ørsted partners with CR of Taiwan [General]
Global offshore wind leader Ørsted today signed a contract with CR Classification Society (CR) in Taiwan to collaborate on and support the development of local certification capabilities.  With the signature of today’s contract, CR wil...
2018-04-05 07:32:55
Scorpio Bulkers announces commitment for new loan [Finance]
Scorpio Bulkers Inc. (NYSE:SALT) (“Scorpio Bulkers,” or the “Company”) announced on April 3 that the announced today that the Company has received a commitment for a loan facility of up to $12.75 million from a leading European financial ...
2018-04-05 07:31:19
MES secures three domestic ultramaxes [Shipbuilding]
Japanese shipbuilder Mitsui Engineering & Shipbuilding (MES) is understood to have won a newbuilding contract for three 64,000-dwt ultramax bulkers from Osaka Asahi Kaiun. According to foreign sources, Osaka Asahi Kaiun, a family-run opera...
2018-04-05 07:29:58
Hornbeck cancels two MPSVs [Shipbuilding]
US offshore operator Hornbeck Offshore Services announced through a regulatory filing that it is halting its OVS fleet expansion it has pursued since 2011, canceling the last two units. The company stated that it “provided notice of terminat...
2018-04-05 07:29:36
Torm exercised MR options at GSI [Shipbuilding]
Danish PC operator Torm announced on April 3 that it exercised an option for three MR newbuildings at Guangzhou Shipyard International (GSI). The three units, which would cost around a total of $93m, are expected to be delivered between 2019 and ...
2018-04-05 07:25:32
Korean court conducts inspection on Sungdong [Shipbuilding]
Changwon District Court of Korea conducted on-the-spot inspection on Sungdong Shipbuilding and Marine Engineering on April 3.  After receiving an application form from the debt-ridden shipbuilder for the process of rehabilitation, the cou...
2018-04-05 07:25:06
Busan industry targeting oil majors [Equipment]
Marine equipment manufacturers in Busan region is finding a breakthrough in overseas oil major companies. The Busan Metropolitan City, with the support from Korea Institute of Industrial Technology (KITECH), announced that it has helped the in...
2018-04-05 07:24:43
HHI runs voluntary layoff again [Shipbuilding]
Hyundai Heavy Industries (HHI) runs a voluntary layoff program again in two years as it gets harder for the company to operate business in the aftermath of 2016's new order drought.   The Korean shipbuilding tycoon announced on April...
2018-04-05 07:24:16
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