WinGD reports strong first quarter [Equipment]
A newbuild order spree of LNG carriers affirms the market leading position of WinGD’s XDF engines.  WinGD is reporting a very solid order intake for the first quarter of 2020 for their low-pressure, dual-fuel two-stroke engines. The mar...
2019-04-22 08:36:55
Navios took S&LB move for three MR2s [Finance]
Navios Maritime Acquisition Corporation (“Navios Acquisition”) (NYSE:NNA), an owner and operator of tanker vessels, announced that it has completed a $103.2 million sale and leaseback transaction (“Transaction”) for three MR2 product tank...
2019-04-22 08:36:30
Damen Shipyards Group reports net loss for 2018 [Shipbuilding]
Damen Shipyards Group has posted a net loss of 17 million euro for 2018. This is the first time in 15 years that the Dutch shipbuilder has announced losses. Damen reports that its financial situation stems from a sustained period of difficulty in...
2019-04-22 08:34:53
Schlumberger announces 1Q results [Offshore]
2019—Schlumberger Limited (NYSE:SLB) reported results for the first quarter of 2019. Schlumberger Chairman and CEO Paal Kibsgaard commented, “First-quarter revenue of $7.9 billion declined 4% sequentially, reflecting the expected reduction...
2019-04-22 08:33:46
KOMERI carries out equipment support program [Equipment]
The Ulsan Regional Headquarters of the Korea Marine Equipment Research Institute (KOMERI) had an agreement ceremony for the beneficiaries of its 'International Certification Acquisition and Vendor Registration Support Project for Domestic Marine ...
2019-04-22 08:26:49
Japan objects to HHI-DSME deal [Shipbuilding]
Japanese shipbuilding industry has stated its objection to Hyundai Heavy Industries' (HHI's) acquisition of Daewoo Shipbuilding and Marine Engineering (DSME). Yasuhiko Katoh, Chairman of the Japan Shipbuilders' Association (SAJ), had a press b...
2019-04-22 08:26:25
Shrinking TK orderbook favourable [Shipping]
In tanker segment, the outlook is favourable for charter rates and ship prices as new orders are greatly reduced.   Joakim Hannisdahl, an analyst at Cleave Securities, noted that the tanker orderbook is today only 10.5% of the tradin...
2019-04-22 08:25:47
Ulsan supports supplying jobs [Shipping]
Ulsan Metropolitan City of Korea is scheduled to have a job fair on April 23 at Dong-gu Office for local partners of shipbuilders.  The job fair is hosted by Ulsan City, the Ministry of Employment and Labor, organized by the Korea Offshor...
2019-04-22 08:25:15
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