Damen TSHD build in Portugal [Shipbuilding]
The first hopper dredger entirely built at a Portuguese yard for a Portuguese contractor Recently the Jose Duarte started its first mining job in Lisbon. The trailing suction hopper dredger has been built in Portugal for a Portuguese dredging ...
2019-01-29 08:12:30
Partnership made for marginal gas fields [Offshore]
Marginal Field Development Company (MFDevCo) announced that it has entered into a collaboration agreement with Marnavi Offshore (“Marnavi”) (including its subsidiary Next Geosolutions).  Marnavi joins MFDevCo as it establishes strategic ...
2019-01-29 08:11:49
"Tanker might be fewer than expected" [Shipbuilding]
While the tanker segment is attracting much attention from the beginning of the year, an analyst said the actual ordering activity might not come up to the expectations. Global Head of Research at Braemar ACM, Henry Curra commented that the fi...
2019-01-29 08:09:29
Ulsan and offshore investors tie for floating wind farm [Offshore]
Ulsan has officially started its floating wind farm construction project. The city and other four private investors signed an MOU on January 24 for development of a floating wind farm. The investors include ▲Royal Dutch Shell ▲CoensHexicon...
2019-01-29 08:09:03
Qatar eyeing massive fleet expansion [Shipbuilding]
It is understood that Qatar, one of the world’s largest gas producer, is planning to increase its LNG export by yearly 32m tons from 2023 and to export the cargoes, the country is in discussion with major shipbuilding nations, namely Korea, Chi...
2019-01-29 08:08:36
Minerva exercised NB option at SHI [Shipbuilding]
Minerva Marine is bringing up the number of its LNG carrier fleet to four by exercising an option at Samsung Heavy Industries (SHI). TradeWinds and sources told that Minerva had exercised an option for one 174,000-cbm LNG carrier (two-stroke, ...
2019-01-29 08:08:11
Yang Ming adds four new boxships [Shipping]
Taiwanese operator Yang Ming Marine Transport has exercised a charter option for four 11,000-teu new containerships it held at Shoei Kisen Kaisha, a Japanese shipowner. Foreign media and sources told that the charter period of four ships spans...
2019-01-29 08:07:43
Hyundai Oilbank attracts Aramco investment [General]
Hyundai Oilbank has secured a KRW1.8trn investment from Saudi Aramco. Hyundai Heavy Industries (HHI) Group announced on January 28 that it signed an investment agreement with Saudi Aramco for up to KRW1.8trn of Pre-IPO of Hyundai Oilbank. With...
2019-01-29 08:06:51
Two potential DAE SUN buyers appear [Shipbuilding]
It turned out that there are two companies which expressed their interest in taking over DAE SUN Shipbuilding & Engineering. According to investment bank industrial source, one of them has a practical will for the acquisition. An official ...
2019-01-28 16:19:02
HHI union members vote down wage agreement [General]
Hyundai Heavy Industries (HHI) saw a tentative 2018 wage agreement rejected by the union members. HHI branch of Korean Metal Workers' Union (KMWU) called for the yeas and nays on January 25, and 4,830 or 62.88% of the 7,681 who cast the vote, ...
2019-01-28 16:15:25
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