Hunter eyeing up to 10 DSME VLCCs [Shipbuilding]
A Norwegian investing company Hunter Group has exercised options for additional three VLCCs at Daewoo Shipbuilding & Marine Engineering (DSME). On May 11, the Oslo-listed company announced that with the addition of three units, it will eve...
2018-05-14 07:19:02
SUNGMOON installs special pipe in LNG-fueled TK [Equipment]
SUNGMOON Co., Ltd. announced on May 10 that the Korean special gas pipe provider has installed its in-house designed 'cryogenic double wall pipe' in a LNG-fueled crude carrier.   The pipe with nanoporous insulating material, which is...
2018-05-14 07:18:31
Hankuk Carbon equips LNG-powered ULC [Equipment]
LNG cold insulator manufacturer Hankuk Carbon announced on May 11 that it has signed a contract to provide cryogenic cold insulators for LNG-powered ultra-large containerships with Gabadi S.L. of Spain. The contract lasts from May 10 to the en...
2018-05-14 07:17:48
Recovery of NB order sales stops in April [Market Information]
The recovery trend of global new order sales market has weakened since April, while key shipyards are raising their ship prices amid rising material (steel plate, etc.) costs.  In April, according to Clarkson Research, 40 vessels of a com...
2018-05-11 16:15:09
30% y-o-y downturn in 1Q NB deliveries [Market Information]
Global shipyard output stood at 348 ships of a combined 22m dwt (8.6m cgt) in the three months that ended on March 31, down by more than 30% year-on-year in dwt terms, on an annualized basis. In full year 2018, according to Clarkson Research, ...
2018-05-11 16:14:45
ABS to Class Two New VLCCs for Kyklades [Shipbuilding]
ABS was selected to class two Very Large Crude Carriers ordered by Greece’s Kyklades Maritime Corporation (KMC). The two 330-meter long vessels, each 319,000-dwt, will be built in Korea by Hyundai Heavy Industries (HHI) and are expected to b...
2018-05-11 07:40:04
MOL-KHI to develops intelligent steering tech [Shipping]
Mitsui O.S.K. Lines, Ltd. (MOL; President & CEO: Junichiro Ikeda) recently announced that it has reached an agreement with Kawasaki Heavy Industries, Ltd. (KHI; President: Yoshinori Kanehana; headquarters: Minato-ku, Tokyo) on the joint devel...
2018-05-11 07:39:23
Sembcorp Marine completes Ailsa FSO [Offshore]
FSO Ailsa, the world’s first Floating Storage and Offloading (FSO) vessel with a 40-year hull lifespan, will set sail next month for the Culzean gas field in the UK North Sea. Newly completed at the Sembcorp Marine Tuas Boulevard Yard for MO...
2018-05-11 07:38:00
McDermott awarded subsea contract for lucius field [Offshore]
McDermott International, Inc. (NYSE:MDR) announced on May 9 a contract award from Anadarko Petroleum Corporation for subsea umbilical and flowline installation in support of a tieback to Anadarko-operated Lucius field located 275 miles southeast ...
2018-05-11 07:37:03
Statoil-Subsea 7 signs IMR deal [Offshore]
Statoil is awarding Subsea 7 Norway AS a five-year contract for IMR services to be carried out by the Seven Viking vessel for subsea operations on the Norwegian continental shelf (NCS). Subsea 7 will provide inspection, maintenance and repair ...
2018-05-11 07:35:37
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