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DSME nets additional LNGC deal
[Shipbuilding]
Daewoo Shipbuilding & Marine Engineering (DSME) announced on December 14 that the Korean shipbuilding tycoon has won one LNG carrier from an Oceanian shipowner. The newbuild will be equipped with DSME's own technologies-applied syste...
2018-12-17 08:28:37
STX O&S secures RG for three new MR tankers
[Shipbuilding]
STX Offshore & Shipbuilding has finally received refund guarantees (RG) from KDB for a newbuilding contract which had been once nullified without RG earlier this year. The Korean mid-sized shipbuilding company said on December 14 that RG w...
2018-12-17 08:27:27
"LNGC price will exceed 250M"
[Shipbuilding]
An analyst predicted that a Korean built 174K LNG carrier would cost over $250m after a year. Park Moo-Hyun, a researcher at Korea's Hana Financial Investment, said in his December 14 report that “in the early 90s, a Japanese built Moss LNGC...
2018-12-17 08:26:46
Korea poised to top in 2018 NB orders
[Market Information]
Korean shipbuilding industry has been awarded newbuildings of 10.90m cgt for the 11 months to November 30, 2018, extending its lead over No. 2 Chinese shipyards to over 2m cgt. which is poised to reclaim the top new order spot in seven years.&nbs...
2018-12-14 16:37:45
McDermott-BHGE selected for Equus Gas Project
[Offshore]
McDermott International, Inc. (NYSE: MDR) announced on Wednesday they, with Baker Hughes, a GE company, have signed a memorandum of understanding (MOU) with Western Gas Corporation Pty Ltd to be the exclusive development partners for the Equus Ga...
2018-12-14 08:35:36
Pest-free vehicle exports to Oceania
[Shipbuilding]
UNIKAI Lagerei- und Speditionsgesellschaft mbH, a subsidiary of Hamburger Hafen und Logistik AG (HHLA), has developed a worldwide unique technology for preparing vehicles for pest-free transport to Australia and New Zealand. The process involves ...
2018-12-14 08:35:00
Navig8 inks S&LB with AVIC for two TKs
[Shipping]
Navig8 Chemical Tankers Inc. (the “Company”) (N-OTC: CHEMS), an international shipping company focused on the transportation of chemicals, announced on December 11 that it has entered into sale and leaseback agreements with AVIC International...
2018-12-14 08:34:15
Rockwell expands capabilities for PowerFlex 755T drives
[General]
Rockwell Automation has expanded the power ranges and capabilities of TotalFORCE technology for its Allen-Bradley PowerFlex 755T AC drives. The drives now offer an expanded power range, helping engineers with applications from 10 to 6,000 horsepo...
2018-12-14 08:33:40
Scorpio Group takes over Nordic American Offshore
[Offshore]
Nordic American Offshore Ltd. (NYSE: NAO) announced on December 12 that it has entered into a share purchase agreement with Scorpio Offshore Investments Inc., a closely held company owned and controlled by the Lolli-Ghetti family, including Emanu...
2018-12-14 08:33:19
NAO secures term employment for PSV
[Offshore]
Bermuda-based Nordic American Offshore Ltd (NAO) has been awarded a one-year fixed contract for the Platform Supply Vessel (PSV) “NAO Power” (2013), NAO announced. Commencement is in early December 2018. The contract also has two 3-months ...
2018-12-14 08:31:29
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