KR-HHI co-develop LNG-powered ship tech [Shipbuilding]
The Korean Register of Shipping (KR) announced on November 21 that it signed co-development agreement with Hyundai Heavy Industries (HHI) for an LNG-powered vessel which was ordered by a domestic shipping company. The agreement sees two partie...
2018-11-28 08:25:29
Sangsangin finalizes DMC acquisition [Equipment]
Sangsangin Ship Machinery has finalized the acquisition of Dongnam Marine Crane (DMC) on November 26.  A consortium led by Sangsangin Ship Machinery had been chosen as a preferred bidder by Deloitte Anjin LLC, an underwriter of the sell-o...
2018-11-28 08:25:04
New Times wins 1+1 Suezmax TKs [Shipbuilding]
NGM Energy is said to have entered tanker order sales market for the first time in 10 years.  According to TradeWinds and industrial source, the Greek company has recently ordered 1+1 156,000 dwt tankers from New Times Shipbuilding of Chi...
2018-11-27 09:19:20
ABB extends its service network in Zhoushan, China [Equipment]
To continue to provide customers across the globe with greater access to ABB’s high-quality service and parts, ABB Turbocharging has announced the establishment of a branch office of ABB Jiangjin Turbo Systems Co., Ltd. in Zhoushan. Zhoushan...
2018-11-27 08:34:19
KfW IPEX-Bank finances two transport vessels for Greenland [Finance]
The vessels will be built at Zamakona Shipyard in Spain, with approx. 30% of components supplied from Germany. The financing is backed by cover from the Spanish export credit insurer CESCE and includes funds from the Spanish CIRR (Commercial Inte...
2018-11-27 08:34:04
Corvus enhances battery production capacity [Equipment]
In Spring 2018, Corvus Energy revealed the plans for a new fully automated factory for maritime batteries in Bergen, Norway. Corvus announces that contracts for the factory location and the production equipment were finalized and signed this week...
2018-11-27 08:33:45
Subtech nets offshore contract in the Middle East [Offshore]
Subtech Group, part of James Fisher and Sons plc, has been awarded multi-million dollar contracts with a major oil and gas contractor, supporting a number of offshore and subsea projects across the Middle East. The contracts cover a range of w...
2018-11-27 08:31:35
EIB unveils offshore wind initiative for India [Offshore]
The world’s largest international financier for renewable energy, the European Investment Bank, today confirmed new backing for investment across India. The EIB will increase support for onshore wind investment through expansion of an existin...
2018-11-27 08:30:18
Boskalis wins cable installation deal [Offshore]
Royal Boskalis Westminster N.V. (Boskalis) has been awarded a sizable export cable installation contract for the Ostwind 2 offshore grid connection. The contract was awarded by 50Hertz and carries a value for Boskalis in excess of EUR 250 million...
2018-11-27 08:29:35
MOL to Enhance Initiatives on Global Warming [Shipping]
Mitsui O.S.K. Lines, Ltd. (MOL; President & CEO: Junichiro Ikeda) announced its support for three initiatives to address the issue of global warming.  The MOL Group established the "MOL Group Environmental Vision 2030"(Note 1) as the gr...
2018-11-27 08:28:54
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