HHI stops offshore yard in August
Kang Hwan-Goo, Hyundai Heavy Industries (HHI) CEO stated on June 22 that its offshore yard will be suspended until it secures new orders to work with. In his note, Kang stated: “After the last module of Nasr project set sail at the end of Ju...
Korea monopolized gas ship deal by May
The global shipbuilding industry has scored a total of 337 units, 29m dwt (10.1m cgt) of newbuilding orders for the first five months of 2018, representing a 17% year-on-year downturn in terms of annualized dwt. According to Clarkson Res...
HMD expects Russian gifts
A researcher predicted Hyundai Mipo Dockyard will bag Russian MR tankers in coming future. On the President Moon Jae-in’s state visit to Russia, Yoo Seung-woo, an analyst at SK Securities explained that “SCF Vice President Evgeniy Ambrosov...
POSCO equips bulkers with scrubber
POSCO chooses scrubber for its bulker fleet. The Korean steel producer signed a business agreement on June 22 with bulker operators including Polaris Shipping, Panocean, and the financer KDB for installation of the scrubber in ...
CMA CGM to acquire CONTAINERSHIPS
On June 20, 2018, CMA CGM Group announced the signature of an agreement between CMA CGM and Container Finance Ltd Oy pursuant to which the container shipping and logistics business Containerships (and Container Finance’s holdings in Multi-Link ...
Teekay Offshore awards FPSO contract to Bilfinger
Bilfinger Salamis UK has been awarded a significant contract from Teekay Offshore, building on a positive first quarter for the industrial services firm. The new three-year contract, with the option of two one-year extensions, continues ...
GTT wins order from HHI for LNGC tank design
On June 19th, 2018, GTT announced that it has received an order from South Korean shipyard Hyundai Heavy Industries to design the tanks of a new 174,000 cbm LNG carrier on behalf of Greek ship-owner Thenamaris. The vessel’s delivery is...
WorleyParsons gets two-year renewal with Chevron
Chevron Australia Pty Ltd has awarded WorleyParsons a contract extension to provide services to support the assets of Chevron’s Australasian Strategic Business Unit. Under the extension, WorleyParsons will continue to provide brownfield en...
Danaos announces debt refinancing agreement
Danaos Corporation, a leading international owner of containerships, announced that it has reached an agreement with certain of its lenders currently holding approximately $2.2 billion of debt maturing on December 31, 2018, that will significantl...
CMA CGM embeds artificial intelligence onboard ships
The CMA CGM Group, a leading worldwide shipping Group, announced its collaboration, since the beginning of the year, with Shone, a San Francisco-based startup that is specializing in the use of artificial intelligence for maritime transportation....
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