CMHI and DNV GL ink LoI for two jack-ups [Offshore]
DNV GL announced on May 2 that China Merchants Heavy Industry (Jiangsu) Co., Ltd (CMHI) and DNV GL signed a Letter of Intent (LoI) for the classification of two multi-activity jack-up units at the Offshore Technology Conference (OTC) in Houston. ...
2018-05-04 07:28:45
LR to class first FSRU ordered for Indian waters. [Offshore]
LR recently signed a contract to class the first ever floating storage regasification unit (FSRU) to be ordered for Indian waters. Stationed at Jafrabad port and operational 24 hours a day, 365 days a year, it will be built to LR’s Rules for th...
2018-05-04 07:28:09
Scorpio Tankers announces commitments for new loan [Finance]
Scorpio Tankers Inc. (NYSE:STNG) ("Scorpio Tankers," or the "Company") announced on May 1 that, following from the announcement of new financing initiatives on April 25, 2018, the Company has received commitments from four leading European financ...
2018-05-04 07:26:55
Seajacks to install Siemens Gamesa turbines in Taiwan [Offshore]
Seajacks announced on May 1 that it has won a contract from Siemens Gamesa to install its 6MW turbines at phase 2 of the 120MW Formosa 1 offshore wind farm in Taiwan. The award is the first time the Great Yarmouth-based company has won a renew...
2018-05-04 07:25:55
DNV GL appoints Chief Digital Transformation Officer [General]
DNV GL announced on May 2 that Klas Bendrik will join DNV GL as Chief Digital Transformation Officer to support DNV GL’s digitalization and IT strategy. Starting on 1 September 2018, Bendrik will be based at the DNV GL headquarters in Høvik, N...
2018-05-04 07:25:34
CIMC buys Zhoushan Changhong stakes [General]
China International Marine Containers (CIMC) is pursuing a deep cooperation with Zhoushan Changhong International Shipyard for shipbuilding business. To achieve such a goal, CIMC Qianhai Financial Leasing, CIMC’s financing arm is buying majo...
2018-05-04 07:25:13
HHI saw decrease in 1Q loss [General]
Hyundai Heavy Industries (HHI) announced in a regulatory filing on May 3 that it posted a revenue of KRW 3.0425trn (around $2.8bn) in the three months that ended on March 31, down by 12.8% over the previous quarter, resulting from a decrease in o...
2018-05-04 07:21:24
"150 more LNGC needed" [Shipping]
It is expected that more than 150 new LNG carriers will be ordered additionally as the value of LNG projects which are scheduled to commence by 2022 amounts to as much as $236bn, Westwood Global Energy claimed in its recent report. The report ...
2018-05-04 07:20:51
POSCO joins OTC 11 years in a row [Offshore]
Korean steel giant POSCO attended the 'Offshore Technology Conference (OTC)' 11 years in a row and presented marketing activities for its energy steel material and processing technologies.  The OTC is one of the world's largest conference...
2018-05-04 07:20:25
Korea emphasizes necessity of research center [Offshore]
Korean shipbuilding industry players have emphasized the necessity of setting up a 'shipbuilding & offshore research center' with the goal of training shipbuilding experts and stopping the outflow of top-level human resources overseas. Dur...
2018-05-04 07:19:31
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