Fredriksen expresses mistrust of scrubber [Equipment]
John Fredriksen has expressed mistrust of SOx scrubber even though his Golden Ocean Group Limited (GOGL) recently signed for the installation of scrubbers on 16 units of Capesize bulkers.   Through a recent interview with TradeWinds,...
2018-08-30 07:05:58
CSSC turns profit in 1H [Shipbuilding]
China State Shipbuilding Corporation Limited (CSSC) has succeeded in turning a profit in the first half of 2018, escaping from years of losses.  From January to June this year, the Chinese shipbuilding giant saw a profit of CNY 203m (appr...
2018-08-30 07:05:20
"Offshore market's revival expected" [Offshore]
An industry expert noted that the global offshore market follows an 'upturn after downturn' pattern in the 1980s.   Stig Erik Kyrkjeeide, analyst at Kepler Cheuvreux, expected the revival of offshore market will come at the end of 20...
2018-08-30 07:04:39
Timetec-UC ties for young talents [General]
Ulsan College received KRW700m worth 3D CAD software products from Timetecon August 28. Two parties also signed a cooperation agreement to cultivate human resources required by the offshore and shipbuilding industry. Timetec was founded in ...
2018-08-30 07:04:06
Fincantieri extends the cooperation with CSSC [Shipbuilding]
Fincantieri and China State Shipbuilding Corporation (CSSC), have signed a Memorandum of Understanding for the extension of the industrial cooperation already existing between the two groups to all segments of merchant shipbuilding. The signin...
2018-08-29 07:25:32
Wind farm being considered at Snorre and Gullfaks [Offshore]
Equinor and partners at Gullfaks and Snorre have decided to explore the possibilities of supplying the Gullfaks and Snorre fields with power from floating offshore wind. This could be the first time an offshore wind farm is directly connected to ...
2018-08-29 07:24:19
New transhipment project in Vietnam signed [Shipping]
Following our successful transhipment project at the Go Gia buoys in South Vietnam, which commenced last year, Oldendorff Carriers has recently signed an integrated Coal Transport and Transhipment Agreement for a new Power Station Project to be b...
2018-08-29 07:23:54
Merger between Bergen and Endúr Fabricom [General]
Bergen Group ASA have entered into an agreement with the oil service company Endúr Fabricom for a merger between the two companies. The merged company will constitute a strong industrial group based in western Norway, with close to 400 employ...
2018-08-29 07:23:20
Johan Sverdrup envisioning next phase [Offshore]
Equinor and the Johan Sverdrup partnership of Lundin Norway, Petoro, Aker BP and Total, are submitting the development plan for the second phase of the project to the Norwegian Ministry of Petroleum and Energy.  With an increased resource e...
2018-08-29 07:22:28
Wood awarded maintenance contract by Total [Offshore]
Wood has secured a new four-year contract with Total Denmark E&P to provide the development and delivery of a significant operations readiness assurance scope for the Tyra redevelopment project, located 225 kilometres west of Esbjerg. Wood...
2018-08-29 07:21:21
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