HHI Group running for DC distribution [Shipbuilding]
Hyundai Heavy Industries (HHI) Group is tieing with the Korea Electric Power Corporation (KEPCO) to build its futures in DP power distribution. On April 12, HHI Group announced that the Group has signed an MOU for technological cooperation wit...
2019-04-16 08:27:07
Owners mulling on 2020 options [Equipment]
The industry is having a hard time deciding how to respond to 2020 sulfur cap. To a question whether USCG is preparing to manage scrubber effluent, Commander Nicole Rodriguez commented in a recent forum that "there may be a possibility for a p...
2019-04-16 08:26:44
Jeom Kee Paik Prize found 2019 winner [General]
Jeom Kee Paik Prize, an annual prize founded in 2014 by the Royal Institution of Naval Architects (RINA) to acknowledge a recipient’s contribution to the marine engineering, selected its fifth winner, C. Bonnici. The award ceremony was held ...
2019-04-16 08:25:55
SWS inks LOI for 2+2 Aframax TKs [Shipbuilding]
It turned out that good progress has been made towards a tanker newbuild talks between Greek operator Pantheon Tankers and CSSC-affiliated Shanghai Waigaoqiao Shipbuilding (SWS).   According to industrial source and TradeWinds, the t...
2019-04-15 15:20:33
HHI sold all equipment arms [Finance]
Hyundai Heavy Industries (HHI) has sold all of its shipbuilding equipment arms.  The Korean shipbuilding tycoon has recently announced that it sold Hyundai Hyms to Hercules Holdings, a consortium comprised of Korean financial institutes, ...
2019-04-15 14:48:12
3rd sale of Sungdong opened [Finance]
The third public sale of Sungdong Shipbuilding & Marine Engineering has been opened. Samil PwC, advisor for the sale, gave public notice of the Sungdong M&A on April 15.   The sale is carried out under a competitive tendering...
2019-04-15 14:19:28
McDermott awarded offshore EPCI jackets [Offshore]
McDermott International, Inc. (NYSE: MDR) announced a contract award from Qatargas for engineering, procurement, construction and installation (EPCI) for expansion of the North Field offshore facilities in the State of Qatar. The contract for ...
2019-04-15 11:35:23
Sapura secures offshore contracts [Offshore]
Sapura Energy Berhad (Sapura Energy) registered a strong start to its financial year with five new contracts valued at approximately RM1.3 billion for its Engineering and Construction as well as Drilling segments. Among the new wins is the Submar...
2019-04-15 11:34:11
Chevron announces agreement to acquire Anadarko [Offshore]
Chevron Corporation (NYSE: CVX) announced that it has entered into a definitive agreement with Anadarko Petroleum Corporation (NYSE: APC) to acquire all of the outstanding shares of Anadarko in a stock and cash transaction valued at $33 billion, ...
2019-04-15 10:52:57
SEA/LNG: "study confirmed LNG's GHG reduction" [Shipping]
The independent study report launched today has revealed that Greenhouse Gas (GHG) reductions of up to 21% are achievable now from LNG as a marine fuel, compared with current oil-based marine fuels over the entire life-cycle from Well-to-Wake (Wt...
2019-04-15 08:33:59
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