Who will build Java-1 FSRU? [Offshore]
After Exmar drops out of $2bn Java-1 IPP project after a legal dispute, the industry is wondering who will be the final winner of FSRU contract of the project. While MOL is emerging as a new likely FSRU provider of the project, it is rather un...
2018-05-15 07:04:29
Transocean acquires shares in canceled rig [Shipbuilding]
It is heard that global drilling operator Transocean has acquires shares in a semi-submersible rig which was ordered back in 2010 and canceled later. According to foreign media and industry, the company has acquired 33.3% of shares in a semi-s...
2018-05-15 07:04:01
ONGC opens FPSO tender [Offshore]
India's state-owned energy company Oil & Natural Gas Corp (ONGC) opens a bid for a new floating production storage and offloading vessel (FPSO) for developing 'KG-DWN-98/2' project in the deep water of the Krishna Gadavari (KG) Basin offshore...
2018-05-15 07:03:22
CHI nets additional BC from UK [Shipbuilding]
Union Maritime of the UK turns out to have exercised options it held at COSCO Shipping Heavy Industry (CHI) for additional bulkers.  The UK operator had ordered two 63,000 dwt bulkers at CHI back in February this year, and it was reported...
2018-05-15 07:02:18
Jeonnam to nurture mid-sized players [Equipment]
Jeonnam Provincial Government of Korea announced on May 13 that it is providing KRW300m of aid to small and mid-sized maritime enterprises in this year. The aid program will be arranged by Jeonnam and executed by Jeonnam Science & Technolo...
2018-05-15 07:01:09
Kyklades cancels five aframax TKs at Sungdong [Shipbuilding]
It is said that the contract for five crude carriers between Sungdong Shipbuilding and Marine Engineering and Greek operator Kyklades Maritime is eventually canceled with Sungdong going into court receivership. According to the industry, the c...
2018-05-15 06:59:45
DSME transfers technology to compatriot company [General]
The Ulsan branch of Korea Industrial Complex Corporation (KICOX) signed a technology transfer agreement with Daewoo Shipbuilding & Marine Engineering (DSME) and Standard Industry on May 11.  With the deal, which is the third technolog...
2018-05-15 06:59:16
Ouhua finally files for bankruptcy [Shipbuilding]
China's privately-run shipyard Zhejiang Ouhua Shipbuilding turns out to have filed for bankruptcy with Zhoushan Intermediate People's Court. It was reported last February that the financial situation of the yard is in dire straits, and the loc...
2018-05-15 06:58:31
Huntington Ingalls adopts 3D printing in naval shipbuilding [Shipbuilding]
Huntington Ingalls Industries (NYSE:HII) announced on May 10 that its Newport News Shipbuilding division has partnered with 3D Systems to develop additive manufacturing technologies expected to accelerate the adoption of metal 3-D printing in the...
2018-05-14 07:29:38
ABS to improve maritime workforce safety [General]
ABS, the American Club and Lamar University are launching a new initiative aimed at reducing maritime-related safety incidents. The initial focus of the partnership’s analysis and industry guidance will be on slips, trips and falls, a significa...
2018-05-14 07:28:45
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