Commercial banks find ship financing 'interesting'... [Finance]
The Korea Ocean Business Corporation (KOBC) issued a KRW17.8bn worth guarantee for two VLCCs Daehan Shipping had ordered at a Korean yard on February 25. The senior loan was provided by KDB, KEXIM, and BNP Paribas, while the subordinated loans...
2019-03-05 08:27:23
DSME acquisition deal proceeds forward [General]
Hyundai Heavy Industries (HHI) announced on March 4 that Korea Development Bank (KDB) gave notice to the company about doing transaction related to Daewoo Shipbuilding & Marine Engineering (DSME).  The Korean shipbuilding heavyweight ...
2019-03-05 08:26:52
Damen sniffing around HHIC-Phil [Shipbuilding]
While it is said that several global companies intend to acquire the Subic shipyard of Hanjin Heavy Industries and Construction Philippines (HHIC-Phil), Damen Shipyards Group is also reportedly one of them.  It seems that, according to fo...
2019-03-04 16:11:25
KHI likely to build LNGCs in China [Shipbuilding]
Kawasaki Heavy Industries (KHI) has reportedly planned to build LNG carriers in China.  According to a Japanese media outlet, China-Japan joint venture yard Dalian COSCO KHI Ship Engineering (DACKS) has recently completed its second dock ...
2019-03-04 15:35:11
New owner wanted for HHI·SHI VLECs [Shipbuilding]
It turned out that the ownership of six very large ethane carriers (VLECs) Delos Shipping ordered from Samsung Heavy Industries (SHI) and Hyundai Heavy Industries (HHI) by three units each last July has turned over to Zhejiang Satellite Petrochem...
2019-03-04 15:00:53
"Dayrates for drillships could double in 2020" [Offshore]
Marc Edwards, CEO at Diamond Offshore Drilling, has recently been sounded out about rental rates for deepwater drillships in 2020.   Through an interview with Bloomberg, he noted, "Dayrates have collapsed down to about 25 percent of ...
2019-03-04 14:23:10
Maersk Tankers to install scrubbers on selected vessels [Equipment]
Maersk Tankers has decided to invest in four scrubber systems to be installed on selected LR2 vessels in the Maersk Product Tanker fleet before January 2020 to comply with the IMO’s sulphur regulation. The new IMO regulation states that the ...
2019-03-04 12:29:38
TechnipFMC won EPCIC for Tortue [Offshore]
TechnipFMC (NYSE:FTI) (PARIS:FTI) (ISIN:GB00BDSFG982) has been awarded by BP a large contract for the engineering, procurement, construction, installation and commissioning (EPCIC) of the floating production storage and offloading (FPSO) unit t...
2019-03-04 11:06:14
Yinson nets FPSO deal in Nigeria [Offshore]
Yinson Holdings Berhad announced on February 28 that it was awarded an FPSO contract at Nigeria. The following is the statement: "We refer to our earlier announcements in relation to the subject matter dated 14 June 2018, 27 September 2018, 29...
2019-03-04 11:02:23
GTT manifested recording 2018 results [Equipment]
GTT (Gaztransport & Technigaz) – an engineering company specialised in the design of membrane containment systems for maritime transportation and storage of liquefied gas – presented its results for FY2018. Philippe Berterottière, Cha...
2019-03-04 08:43:37
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