MOL in exclusive discussions for Hong Kong LNG terminal [Offshore]
Mitsui O.S.K. Lines, Ltd. (MOL; President & CEO: Junichiro Ikeda) today announced that MOL, has entered into a preliminary agreement to supply a Floating Storage and Regasification Unit (FSRU), as well as Jetty Operation & Maintenance Ser...
2018-06-27 07:14:15
Inmarsat emphasized connectivity for seafarers' welfare [Shipping]
A new report looking at crew connectivity on ships has revealed the emotional and operational impact on professional seafarers who are often away for up to six months at a time with limited opportunities to interact digitally with friends and fam...
2018-06-27 07:13:58
Prosafe wins further work for Safe Swift [Offshore]
Prosafe acting as commercial managers for the Axis Offshore owned Safe Swift has won a contract to support activities in the Central Mediterranean Sea. Upon demobilisation from her existing contract in mid-June, Safe Swift mobilised to conduct...
2018-06-27 07:13:19
Wisdom seeks another Japanese bulker [Shipbuilding]
Taiwanese operator Wisdom Marine has ordered an 82,400-dwt kamsarmax bulker at a Japanese yard. According to foreign media and industry, the operator has placed an order for one NOx Tier III kamsarmax at Japan Marine United (JMU) at around $34...
2018-06-27 07:11:55
Fearnley: "LNG tonnage shortage in 2022" [Shipping]
An industry expert predicted an LNG tonnage shortfall of over 60 LNG carriers due to increase in LNG production. Michael Newman from Astrup Fearnley presented such an idea at a recent forum, saying that 2018 orders to date are still insufficie...
2018-06-27 07:11:12
Hyundai Electric appoints new leadership [General]
Hyundai Electric, which had moved out from Hyundai Heavy Industries (HHI) in April 2018 just shuffled its leadership. HHI Group announced on June 26 that it nominated Chung Myung-lim. Hyundai Heavy Industries MOS CEO, as Hyundai Electric’s ...
2018-06-27 07:10:34
"Sungdong layoff plan is illegal" [General]
Korean Metal Workers' Union (KMWU) Sungdong Shipbuilding & Marine Engineering branch argued on June 25 that the court should not approve the company’s restructuring plan through its legal representative. The representative, Yeoneun (law ...
2018-06-27 07:09:28
US wind power business to deal with gas [Offshore]
There is expectation that the unit cost of electricity production in offshore wind power generation projects, which has slowly decreased amid a growing trend of bigger turbines, is likely to be lower than that in gas power plants.  In add...
2018-06-27 07:08:57
Ulsan carries out floating wind power projects [Offshore]
Ulsan Metropolitan City of Korea has recently announced that its two R&D tasks have been chosen for the 'project for developing core technologies related to new and renewable energy' led by the Ministry of Trade, Industry, and, Energy (MOTIE)...
2018-06-27 07:08:24
KOGAS-Novatek sign MOU for Arctic LNG 2 [General]
KOGAS and Russian natural gas producer Novatek signed MOU for a joint effort in LNG projects. Two parties agreed to further discuss KOGAS’ participation in Arctic LNG 2 project and a possible LNG off-take from the project. Novatek also re...
2018-06-27 07:07:58
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