LNG Croatia opens FSRU tender again [Offshore]
LNG Croatia LLC, which is responsible for the development of LNG import terminal Project on the Island of Krk, has recently announced that it will open a new bid for floating storage regasifaction unit (FSRU).  Last September, the Croatia...
2018-05-11 07:32:59
Sumitomo Heavy books 3rd profitable year [Shipbuilding]
Sumitomo Heavy Industries of Japan announced its fiscal year 2017 results on May 8. In FY2017 at the end of March 2018, the company booked JPY700m of operating profit (consolidated basis) in shipbuilding business, which is yoy 44% decrease. Th...
2018-05-11 07:32:30
Fincantieri sees 77% decline in NB intakes [Shipbuilding]
Italian yard group Fincantieri has recently announced its 1Q performance results, stating that its revenue showed a year-on-year increase from EUR 1.1bn (approximately $1.3bn) to EUR 1.226bn. EBITDA also increased from EUR 67m to EUR 89m, recordi...
2018-05-11 07:31:58
Dismantling foreign ships banned in China [Shipbuilding]
China's government has recently announced that the demolition/recycling of foreign ships will be banned in its compatriot shipyards from 2019.  The country is currently strengthening restrictions on polluter and waste producing industries...
2018-05-11 07:31:25
"Offshore wind becoming reality" [Offshore]
Offshore Renewable Energy Catapult (ORE), the UK's leading technology innovation and research centre for offshore renewable energy, envisioned the future of offshore wind power.      ORE expected that floating offshore wind power...
2018-05-11 07:29:46
HMD earns Turkish MR TKs [Shipbuilding]
A Turkish owner group Yasa Holding is understood to have ordered four MR PCs at Hyundai Mipo Dockyard. According to foreign media and brokers, the four units will be delivered between June and July 2019. Yasa Shipping had received delivery ...
2018-05-11 07:29:11
Bahri takes delivery of 46th VLCC [Shipbuilding]
The National Shipping Company of Saudi Arabia (Bahri) has recently announced that it took delivery of the 'Amad', a very large crude carrier (VLCC) built by Hyundai Samho Heavy Industries (HSHI), on May 9.  The vessel is Bahri's 46th VLCC...
2018-05-11 07:28:30
"LNG is riding low-sulfur risks" [Shipping]
An analyst predicted that LNG marine fuel will emerge as a persuasive alternative to the use of low-sulphur fuel oil has many risk factors. Park Moo-Hyun, a researcher at Korea's Hana Financial Investment said on his May 9 report that “there...
2018-05-11 07:27:23
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