FICO optimizes Ørsted wind farm [Offshore]
Ørsted, the world's leading offshore wind farm developer, has used FICO® Xpress Optimization to develop a novel digital solution for designing an important part of their wind farms. This has enabled the Danish company, which has 30 wind farms i...
2019-02-18 08:41:25
Krk LNG terminal got FID [Offshore]
In accordance with planned deadlines for the construction of the floating LNG terminal on the Island of Krk, a final investment decision was adopted on 31st January 2019. The final investment decision on the construction of the floating LNG te...
2019-02-18 08:32:37
Sungdong's $1.24bn overdue bond written off [Shipbuilding]
It turned out that the overdue bonds of Korean corporations decreased sharply last December including those of Sungdong Shipbuilding & Marine Engineering, KRW 1.4trn (about $1.24bn), which was written off.   Korean companies saw ...
2019-02-18 08:25:51
HHI union calls for vote on strike & tentative agreement [Shipbuilding]
The Hyundai Heavy Industries (HHI) branch of the Korean Metal Workers' Union (KMWU) announced on February 14 that it will hold votes through a general meeting scheduled on February 20 on both the strike and wage and collective negotiation. &...
2019-02-18 08:25:32
SBM likely to place more speculative FSPO order [Offshore]
SBM Offshore, the world's largest FPSO provider, is expected to place an additional order for the hull of 'Fast4Ward' FPSO.  According to a foreign media outlet, SBM Offshore already booked a total of two FPSO hulls at Shanghai Waigaoqiao...
2019-02-18 08:25:08
"HHI-DSME merger would bring the LNGC price up" [Shipbuilding]
A major market player predicted that the acquisition of Daewoo Shipbuilding & Marine Engineering by Hyundai Heavy Industries (HHI) would bring up the LNG carrier newbuilding price further. GasLog CEO Paul Wogan recently commented that "Hav...
2019-02-18 08:24:39
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