Zhejiang Shipbuilding secures compatriot investor [Shipbuilding]
It is said that a Chinese real estate major is participating in Zhejiang Shipbuilding’s restructuring effort. As a bankrupted yard under Sinopacific Shipbuilding Group, Zhejiang Shipbuilding recently revealed its restructuring plan, which in...
2018-08-24 07:32:47
HHI kicks off retirement program [Offshore]
Hyundai Heavy Industries (HHI), completely out of offshore orderbook, has kicked off another voluntary program. Kim Sook-Hyun, head of HHI's Offshore & Engineering Division announced in his internal note that he is “taking a special meas...
2018-08-24 07:32:07
HHI Group completed holding company transition [General]
Hyundai Heavy Industries (HHI) Group finally finished its shift to holding company system which started back in late 2016. HHI and Hyundai Samho Heavy Industries (HSHI) boards decided on August 22 to divide HSHI into investment body and operat...
2018-08-24 07:31:27
Japanese yards raising bulker price [Shipbuilding]
It seems Japanese yards are raising the bulker price. According to local media and the industry, a 63,000-dwt ultramax bulker newbuilding costs around $28m. Clarksons Research reported that at the end of July, the guideline price of 62K bul...
2018-08-24 07:30:48
DSME eyes order for VLCC trio next month [Shipbuilding]
Daewoo Shipbuilding & Marine Engineering is looking forward to an additional order for its popular ship products this year. Norway's emerging crude tanker company Hunter Group has extended the deadline of an option to order three more VLCC...
2018-08-24 07:27:29
Saipem awarded SURF contracts for Liza Phase 2 [Offshore]
Saipem has been awarded contracts for the second phase of the ExxonMobil led Liza development offshore Guyana. These contracts, assigned by Esso Exploration and Production Guyana Limited (EEPGL), an affiliate of ExxonMobil, as the project operato...
2018-08-23 07:36:10
Wärtsilä opens new Smart Technology Hub [General]
Wärtsilä is building the Smart Technology Hub, a new centre of research, product development and production, in Vaskiluoto, Vaasa. As of 2020, all of Wärtsilä's functions and personnel in central Vaasa will transfer to the new hub, along with...
2018-08-23 07:35:12
Opening of new Jetty at UK [Offshore]
World Fuel Services’ (WFS) Falmouth Eastern Jetty, part of a major refurbishment programme of the Falmouth terminal, was officially opened earlier this month by local MP for Truro and Falmouth, Rt. Hon Sarah Newton. The Eastern breakwater pr...
2018-08-23 07:34:48
Wood awarded new contract by Shell [Offshore]
Wood has secured a new six-year contract with Shell to provide asset management services to the Malampaya deepwater gas-to-power project in the Philippines. Wood will provide maintenance services, modifications and shutdown support as part of ...
2018-08-23 07:34:12
Marlink signs partnership agreement with Transmetrics [Shipbuilding]
Marlink has signed an agreement with Transmetrics to establish a strategic business partnership aimed at predictive logistics optimisation for maritime customers. The agreement will enable Transmetrics, a Forbes-awarded start-up, to leverage Marl...
2018-08-23 07:33:55
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