IRISL denies news on tanker order [Shipbuilding]
While Iran's state-owned Islamic Republic of Iran Shipping Lines (IRISL) is said to have commissioned its compatriot SADRA (Iran Marine Industrial Co.) to build three tankers, a report that denies the news emerges.  It seems that IRISL de...
2018-10-29 08:25:12
CIMC Raffles awarded Tortue platform [Shipbuilding]
China's CIMC Raffles turns out to have won a platform package for the Tortue/Ahmeyim Field Development, a major LNG project located offshore on the maritime border of Mauritania and Senegal.   According to industrial source and forei...
2018-10-29 08:24:48
CSC to order tanker quartet from Baku [Shipbuilding]
It turned out that Caspian Shipping Company (CSC) of Azerbaijan plans to secure about 50 new ships over the next seven years.  According to industrial source and foreign press, CSC Chairman Rauf Veliyev noted that the project will be carr...
2018-10-29 08:24:20
Special loan program accepted for equipment industry [Finance]
A loan support program for shipbuilding and offshore equipment provider, which was suggested by Busan Metropolitan City, has been accepted by the Korean government.   Last September, Busan, Ulsan Metropolitan City, South Gyeongsang P...
2018-10-29 08:23:48
DongHwa Entec nets deal for PCHE supply [Equipment]
DongHwa Entec, a Korean engineering provider specialized in heat exchanger and energy system, signed a contract with Korea Gas Corporation (KOGAS) on October 15 for supplying ultra-high pressure H2 pre cooler package for hydrogen station.  ...
2018-10-29 08:23:24
Costamare decides to invest in scrubber [Shipbuilding]
Costamare has recently announced through its 3Q business results reporting that the US-listed Greek shipowner secured pre and post delivery financing for construction of five 12,690 teu containerships which will be hired by Taiwanese containershi...
2018-10-29 08:22:57
Fredriksen adding LNGCs at HHI? [Shipbuilding]
The industry heard that John Fredriksen is exercising options he held at Hyundai Heavy Industries (HHI) for LNG carriers. According to foreign media and the industry, Fredriksen’s Seatankers Management is poised to exercise an option for two...
2018-10-29 08:22:34
IEA calls for more LNG carriers [Shipping]
International Energy Agency (IEA) under OCED warned against LNG carrier shortage. An LNG carrier is an expensive vessel incorporating gas-related technologies, and its newbuilding orders have been based on long-term charter agreements for 10-3...
2018-10-29 08:22:08
Ulsan renovates for the offshore wind industry [Offshore]
Ulsan, suffered from shipbuilding slump for years, is now envisioning a new era of prosperity with the offshore wind industry. The Korean government is investing a total of KRW352.5bn in the development of offshore wind cluster in Ulsan, which...
2018-10-29 08:21:37
STX Engine foray into Tanzania [Shipbuilding]
STX Engine is making an entry in the Tanzanian market establishing a local subsidiary STX Saekyung Ltd jointly with Saekyung Construction. Two companies were selected as preferred bidders in a tender for slipway construction and engineering by...
2018-10-29 08:20:24
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