Borr Drilling completes paragon rationalization [Offshore]
Borr Drilling announced on April 30 that it has sold 14 old jack-up rigs en bloc to a non-drilling company. The rigs will be delivered to the new owner over the next 30 days. The disposal is expected to contribute up to USD16 million in profit to...
2018-05-03 07:30:32
Viking Grace installs rotor sail for wind-assisted propulsio [Equipment]
Viking Line has installed a rotor sail on the LNG-fuelled Viking Grace, making it the first passenger ship in the world equipped with a rotor sail for the utilisation of wind power. LR approved the structure and the risk-assessment related to the...
2018-05-03 07:29:56
Korea to use drone to deliver ship chandlery [Equipment]
Ulsan Metropolitan City of Korea announced on May 1 that it has been chosen as a winner together with the Electronics and Telecommunications Research Institute (ETRI) in a call for projects of 'using drone to deliver ship chandlery', which is org...
2018-05-03 07:28:37
Mitsui E&S logs consecutive losses [Shipbuilding]
Mitsui E&S Holdings, the holding company of Mitsui E&S Group, recently announced the result of its shipbuilding business. According to the report, Mitsui E&S Shipbuilding logged JPY15.3bn of operating loss (consolidated basis) from Ap...
2018-05-03 07:27:08
Sanoyas nets first FGSS supplying deal [Equipment]
Sanoyas Holdings Corporation has recently announced that the Japanese shipbuilder has clinched the first deal for supplying fuel gas supply system (FGSS) it developed jointly with Sumitomo Seika Chemicals. The company said it won the project f...
2018-05-03 07:25:58
Tsuneishi aims to win over 50 NBs this year [Shipbuilding]
Tsuneishi Shipbuilding of Japan puts spurs to new order sales activity with the goal of winning over 50 new vessels this year.  Tsuneishi Holdings has recently had a business information session and announced that Tsuneishi Shipbuilding w...
2018-05-03 07:25:20
Statoil-Kumiai sign LPGC charter deal [Shipping]
Kumiai Navigation (KN) of Singapore signed a time charter deal for two 5,000-cbm LPG carriers with Statoil. The two units are the newbuildings KN recently have ordered at Sasaki Shipbuilding with scheduled delivery in 2019 and 2020. It is said...
2018-05-03 07:24:39
HHI starts construction of Philippine Navy Frigate [Shipbuilding]
Hyundai Heavy Industries (HHI) has started the construction of The Philippine Navy’s modern frigate. HHI cerebrated steel cutting of 2,600t frigate in presence of Delfin Negrillo Lorenzana, Secretary of National Defense of the Philippines, a...
2018-05-03 07:23:36
SHI applies air lubrication to containerships [Equipment]
Samsung Heavy Industries (SHI) announced on May 2 that it is applying SAVER Air solution, an air lubrication system, to 23,000-teu containership it is building for MSC. Air lubrication system, which was first used by Mitsubishi Heavy Industrie...
2018-05-03 07:23:03
K-Sure expanding RG support for larger yards [Finance]
Korea Trade Insurance Corporation (K-sure) is expanding its RG support for larger players. Moon Jaedo, K-sure Chairman and President, said to press on April 30 that the Corporation is seeking ways to support Korean yards in need of RG. With pr...
2018-05-03 07:22:22
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