HHIC made a settlement with Philippines banks [Finance]
Hanjin Heavy Industries and Construction (HHIC) has made a settlement with banks in the Philippines in regard to its debts. HHIC announced that the company and creditor banks of HHIC-Phil have made a settlement on February 14 at Manila, Philip...
2019-02-15 13:22:53
Maersk builds compliant fuel facility in the US [Shipping]
A.P. Moller - Maersk and PBF Logistics LP (PBFX) announced an agreement for Maersk to source and PBFX to process crude oil at CPI Operations LLC, a PBF Logistics LP terminal facility in New Jersey, United States.  The agreement enables Ma...
2019-02-15 11:45:07
GTT to design SHI LNGC tank [Equipment]
GTT has received an order from Samsung Heavy Industries (SHI) concerning the tank design of a new 174,000 m3 LNG carrier, on behalf of the ship-owner Minerva Gas. GTT’s membrane containment system Mark III Flex+ has been selected for the des...
2019-02-15 11:20:56
First LNG-fueled icebreaker bunkered in Finland [Shipping]
The world’s first LNG-fueled icebreaker, Polaris, received liquefied natural gas (LNG) fuel in January from the Pori LNG import terminal and in February from the Manga LNG terminal located in the Röyttä Harbor in Tornio, Finland.  The co...
2019-02-15 10:48:36
DSME won an LNGC deal amid M&A [Photo News]
Daewoo Shipbuilding & Marine Engineering (DSME) has proved its competence in LNG carrier segment again amid M&A plays. DSME announced on February 15 that the company won a 174,000-cbm LNG carrier from Maran Gas Maritime under Angel...
2019-02-15 10:38:55
DSME won an LNGC deal amid M&A [Shipbuilding]
Daewoo Shipbuilding & Marine Engineering (DSME) has proved its competence in LNG carrier segment again amid M&A plays. DSME announced on February 15 that the company won a 174,000-cbm LNG carrier from Maran Gas Maritime under Angelicou...
2019-02-15 10:32:31
DSME CEO offers resignation [General]
It turned out that Jung Sung-Leep, CEO of Daewoo Shipbuilding & Marine Engineering (DSME), has offered its resignation. The consecutive appointment of him was officially confirmed last year, so that his remaining term is over two years (by...
2019-02-15 10:27:54
BIMCO says IMO growth estimation is 'too steep' [Shipping]
BIMCO has proposed that the Fourth International Maritime Organization (IMO) Greenhouse Gas Study does not include unrealistically high gross domestic product (GDP) growth projections to predict future transport demand - and thereby emissions - o...
2019-02-15 08:28:34
The Swedish Club delivers advice on the Sulphur Cap [Shipping]
On 1 January 2020 vessel owners must have made the decision to install exhaust gas scrubbers or to burn low sulphur or alternative fuels. The cost implications of any decision will be difficult to predict and there is no shortage of opinions in t...
2019-02-15 08:27:22
Rowan updated fleet status [Offshore]
Rowan Companies plc ("Rowan" or the "Company") (NYSE: RDC) announced that its report of drilling rig status and contract information has been updated as of February 13, 2019.  The report titled "Fleet Status Report" can be found on the Compa...
2019-02-15 08:26:25
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