"Another red year waits HHI" [Shipbuilding]
Analysts predicted that Hyundai Heavy Industries (HHI) would see another red year in 2019. Jeong Dong-ik, Jang Moon-jun, two analysts at KB Securities, commented on January 24 that “HHI’s consolidated basis revenue in the last Q4 is estima...
2019-01-25 08:36:17
Tsakos contracts Hyundai for two suezmaxes [Shipbuilding]
Greece's Tsakos Energy Navigation (TEN) seems to be the shipowner who made the first order at Hyundai Heavy Industries Group in 2019. Shipbroking sources report that the Greek tanker company ordered two 158,000-dwt tankers from Hyundai Samho...
2019-01-24 15:04:44
OOCL plans no newbuilding order now [Shipping]
While Orient Overseas (International) Ltd was widely reported to be pursuing a newbuilding order for ultra large containerships, the liner denied the reports. An executive at Orient Overseas Container Line says that the liner reviews capacit...
2019-01-24 14:49:40
CMA CGM set to order 10 newbuilds in China [Shipbuilding]
France's CMA CGM is reportedly ordering 10 large containerships in China. According to shipbroking and foreign media sources, the 15,000-teu vessels are likely to be ordered from CSSC-affiliated Shanghai Waigaoqiao Shipbuilding and Hudong-Zh...
2019-01-24 14:34:41
Danfoss acquires UQM Technologies [Equipment]
Danfoss entered into a definitive merger agreement with UQM Technologies, Inc., pursuant to which Danfoss will acquire all outstanding common shares of UQM.  UQM is a leading expert and the technology leader in motors and inverters in the...
2019-01-24 11:37:42
Top Ships announces financing for HMD tanker [Finance]
TOP Ships Inc. (the “Company”), an international owner and operator of modern, fuel efficient “ECO” tanker vessels currently focusing on the transportation of crude oil and petroleum products, announced that it has concluded Financing Agr...
2019-01-24 11:37:03
Wärtsilä BWMS validated by strong demand [Equipment]
The technology group Wärtsilä has recently been awarded a number of contracts to supply its Aquarius UV Ballast Water Management System (BWMS) to global shipping operators. The systems will enable the vessels to be compliant with the Ballast Wa...
2019-01-24 11:07:03
Fincantieri appoints new General Manager [General]
The Board of Directors of FINCANTIERI S.p.A. (“Fincantieri” or the “Company”), met on January 22 and resolved to appoint as General Manager of the Company Mr. Pier Francesco Ragni, already Deputy General Manager of the Company. Mr. Rag...
2019-01-24 10:41:59
SCHOTTEL presents new hybrid design [Equipment]
In a close collaboration with Svitzer of Denmark, SCHOTTEL has developed a new hybrid propulsion concept. The new concept is based on the recent SCHOTTEL Y-Hybrid thruster technology and connects a port and starboard mounted azimuth thruster in a...
2019-01-24 08:14:02
Parkwind and ESB to develop two OWFs [Offshore]
Parkwind and ESB have reached an agreement to kick start the offshore wind generation industry in the Republic of Ireland through ESB’s acquisition of up to 35 per cent in the Oriel project. The Oriel project, located in the Irish Sea off th...
2019-01-24 08:12:49
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