BV grants AIP to Japanese offshore design [Offshore]
Bureau Veritas (BV) announced that it have granted AiP to MODEC’s new FSRWP (floating storage, regasification, water-desalination and power generation) design. Developed by MODEC, FSRWP can be described as FSRU featuring desalination and pow...
2018-05-09 07:11:41
"FPSO Market recovery underway" [Offshore]
In an article named ‘Q2 2018 Floating Production Systems Report’, Energy Maritime Associates (EMA) of Singapore reviewed the market for Floating Production Systems, including FPSOs, FLNGs, FSRUs, TLPs, Spars, Semis, FSOs, and MOPUs. Accord...
2018-05-09 07:09:57
DSME sees LOI expire for up to seven FSRUs [Offshore]
Daewoo Shipbuilding & Marine Engineering (DSME) announced through a regulatory filing on May 8 that the period of a letter of intent (LOI) it signed with Excelerate Energy for one LNG-FSRU has expired.  The two companies signed the LO...
2018-05-09 07:09:28
HHI running for offshore tenders [Offshore]
Hyundai Heavy Industries (HHI) stated in its recent Q1 conference call that it will enhance cost competitiveness in the tightening market. An HHI official commented that “while some oil companies are placing orders with growing oil price, th...
2018-05-09 07:08:42
HSHI launches world's 1st large LNG-fueled ship [Equipment]
Hyundai Samho Heavy Industries (HSHI) has recently announced that it launched an 114,000 dwt LNG-fueled crude carrier on May 4.  With dimensions of 250m in length, 44m in width and 21, in depth, the new tanker will be delivered to Russia'...
2018-05-09 07:08:12
RG issued on STX's TK quartet [Finance]
Korea Development Bank (KDB) reportedly offered refund guarantee (RG) on four MR product carriers (PCs), which are being built by STX Offshore & Shipbuilding (STX O&S), on May 3.   The four newbuildings are comprised of two u...
2018-05-09 07:07:27
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