BHGE divorces 'eco-friendly' GE? [Offshore]
It seems BHGE (Baker Hughes, a GE Company) is preparing a lone survival with its parent company GE envisioning an environmentally friendly future. On June 26, GE revealed a new strategy focusing on aviation, power, and renewables. Along with t...
2018-07-12 07:23:13
Norway tests autonomous mini-ferry [Shipping]
Researchers at the Norwegian University of Science and Technology (NTNU) are reportedly conducting a test of small-sized autonomous ferry in Trondheim. They are said to have recently developing an autonomous mini-ferry which is capable of sail...
2018-07-12 07:22:36
DSME extends repayment for DMHI [General]
As the sale of Daewoo-Mangalia Heavy Industries (DMHI), a Romania-based subsidiary of Daewoo Shipbuilding & Marine Engineering (DSME), is behind schedule, DMHI has got an extension on the due date for payment of operation funds borrowed from ...
2018-07-12 07:21:58
Newbuilding fever waned in 1H [Shipbuilding]
It seems the newbuilding rally, which swept the 2017 market, has waned entering 2Q 2018.  According to VesselsValue, over $10bn was invested in 1Q, mainly with dry bulker and LNG carrier sector, while tanker showing relatively weak play. ...
2018-07-12 07:21:19
TMS exercised LNGC options at Korean yards [Shipbuilding]
TMS Cardiff Gas led by George Economou seems to have exercised its LNGC options at Korean yards. According to Lloyd’s List and industry, the shipping company increased its firm order tally at Samsung Heavy Industries (SHI) and Hyundai Heavy ...
2018-07-12 07:20:27
Equinor borrows four Korean-built PCs [Shipping]
It is understood that Equinor is chartering two out of four 49,000-dwt PCs, supposedly ordered in May by Yasa Shipping of Turkey at Hyundai Mipo Dockyard (HMD). According to foreign media and brokers, Equinor is fixing two MR newbuildings (Hul...
2018-07-12 07:19:53
Costamare reveals newbuilding deal [Shipbuilding]
Costamare Inc. (the “Company”) (NYSE: CMRE) announced on July 9 the conclusion of shipbuilding contracts and long term charter agreements for five newbuild containerships, as well as the acquisition and chartering of two secondhand containers...
2018-07-11 07:22:40
Transas to promote fleet efficiency for Wilson [General]
Transas, a Wärtsilä company, has signed a landmark contract to supply a Fleet Operations Solution (FOS) to Wilson ASA, the Norway-based fleet operator. The FOS creates an infrastructure that includes onboard navigational and communication com...
2018-07-11 07:21:39
Havyard wins contract in new segment [Shipbuilding]
Havyard Design & Solutions will be delivering the design for two new cargo vessels for Royal Arctic Line A/S. The vessels will be carrying temperature-regulated containers and general cargo and will be an important part of the infrastructure ...
2018-07-11 07:21:12
ClassNK releases Liquefied Gas Carrier Structures guide [Shipbuilding]
Leading Classification Society ClassNK has released its Guidelines for Liquefied Gas Carrier Structures – Independent Prismatic Tanks (Second Edition). The Guidelines specify the technical requirements specifically related to the structural str...
2018-07-11 07:20:53
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