NB orders see 'dwt down, cgt up' [Shipbuilding]
The global shipbuilding industry scored a total of 738 units, 57.6m dwt (21.1m cgt) of newbuilding orders from January to September this year, representing a 10% year-on-year decline in dwt terms on an annualized basis, but a 5% y-o-y increase in...
2018-10-24 08:14:21
VesselsValue sets up subsidiary in Korea [General]
VesselsValue, a shipping vessel database service provider in the UK, has recently established its subsidiary VesselsValue Korea Ltd. in Gwanghwamun, Seoul, Korea.  VesselsValue Korea has been set up with a view to meet demands from Korea ...
2018-10-24 08:13:53
Sembcorp Marine won Teekay FPSO contract [Offshore]
Sembcorp Marine Ltd announced that its wholly-owned subsidiary Sembcorp Marine Rigs & Floaters Pte. Ltd. has signed an agreement with Varg L.L.C., a wholly-owned subsidiary of Teekay Offshore Partners L.P., for engineering, procurement and co...
2018-10-23 08:13:50
UGS states support for 2020 sulphur cap [Shipping]
The Union of Greek Shipowners (UGS) remains firmly committed to the successful transition to the 0.5% global sulphur cap in marine fuels and the related dates that have been agreed at the United Nations International Maritime Organization (UN IMO...
2018-10-23 08:12:29
Japan develops software for combustion chamber diagnosis [Equipment]
NYK and MTI have jointly developed new original software that uses photo data to prevent accidents by quickly determining the causes of failures at an early stage. The images are provided by Kirari NINJA*, an NYK Group–developed device that can...
2018-10-23 08:10:59
Hammocks for monopiles? [Equipment]
While lying in a hammock in the sun, have you ever realized that the hammock supports your body from left to right. Not only for your adult sized body, but there is the same support when a child uses the same hammock. A similar support is now ...
2018-10-23 08:08:36
New Wärtsilä Hybrid Centre established [Equipment]
The technology group Wärtsilä has inaugurated its new Hybrid Centre, the first of its kind in the world. The facility represents an innovative concept that will enable further development and deployment of the Wärtsilä HY hybrid power module,...
2018-10-23 08:08:01
Borealis takes FID for new PDH plant [Shipbuilding]
It turned out that Borealis AG has recently taken the final investment decision (FID) for its project to build a new propane dehydrogenation (PDH) plant. The Austrian chemical giant plans to establish the PDH plant with a targeted production c...
2018-10-23 08:07:29
HHI won two VLGCs from CMM [Shipbuilding]
Hyundai Heavy Industries (HHI) won two VLGCs from Consolidated Marine Management (CMM) under Latsis Group of Greece. According to foreign media and the industry, CMM has ordered two 80,000-cbm VLGCs for delivery in 2020. It is said that the sh...
2018-10-23 08:07:00
Keppel O&M stacked 1bn so far [Shipbuilding]
Keppel Corporation revealed in its 3Q report that its net profit during the first nine months of 2018 reached SGD809m (around $587m), which is yoy 18% increase. The company explained that the result is based on the losses in Offshore & Marine...
2018-10-23 08:05:41
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