Vard Marine won design works from Canada [Shipbuilding]
Vard Marine announced that the company has been awarded an engineering services contract for concept exploration with the Canadian Coast Guard. The contract will focus on the Coast Guard’s future fleet renewal program. The work scope is alig...
2019-05-17 08:34:50
JERA-CPC buys Mozambique LNG [General]
JERA Co., Inc. (“JERA”) and CPC Corporation, Taiwan (“CPC”) have jointly signed a Sale and Purchase Agreement (“SPA”) with Mozambique LNG1 Company Pte. Ltd., the jointly owned sales entity of the Mozambique Area 1 coventurers, to proc...
2019-05-17 08:33:46
Fincantieri scores one ferry [Shipbuilding]
Fincantieri Bay Shipbuilding (FBS), a subsidiary of Fincantieri-affiliated Fincantieri Marine Group (FMG), announced on May 14 that the US company has been awarded one passenger/vehicle ferry by its compatriot Washington Island Ferry.  ...
2019-05-17 08:29:08
Talks held on sale of DSME [General]
Regarding the sale of Daewoo Shipbuilding & Marine Engineering (DSME), during a face-to-face meeting with DSME labor union and civic group, which was held on Mat 15 at the office building of the Gyeongnam Provincial Government, Gyeongsangnam-...
2019-05-17 08:28:10
Positive prospect for oil·gas exploration [Offshore]
There is a positive prospect for global oil and gas exploration industry. According to Wood Mackenzie's 11th annual oil and gas exploration survey, which was taken by 259 main energy companies in the world, exploration business is still consid...
2019-05-17 08:27:38
Recovery seen in offshore plant industry [Offshore]
The global offshore plant industry is showing signs of recovery after a long slump. According to the Pusan National University's (PNU's) Global Core Research Center for Ships and Offshore Plants (GCRC-SOP), deep sea energy drilling and product...
2019-05-17 08:25:18
Daehan won multiple crude carrier contracts [Shipbuilding]
Daehan Shipbuilding of Korea is fortifying its presence in the mid-sized tanker market. The yard announced on May 16 that it won newbuilding contracts for a total of four ships worth KRW265bn from industry leading shipping companies, Minerva a...
2019-05-16 16:27:39
DSME posted earnings surprise in Q1 [General]
Daewoo Shipbuilding & Marine Engineering (DSME) posted ‘earnings surprise’ in the first quarter. Samsung Securities researcher Han Yeong-su said that “DSME’s first quarter revenue reached KRW2.0721trn, and operating profit reached ...
2019-05-16 15:23:54
Torm widens stride to 'scrubbered fleet' [Equipment]
Danish product carrier operator Torm is increasing its bet on scrubbers. In its Q1 result statement published on May 14, the company revealed that it is to equip additional 13 tankers with scrubbers, equipping almost half (34 units) of its ent...
2019-05-16 14:12:27
Germany criticizes Chinese "fantasy price" [Shipbuilding]
German shipyard association VSM opens fire at the Chinese shipbuilding industry through a statement released on May 14. In the statement, General Manager of the association Reinhard Luken said that the Chinese shipbuilding industry is offering...
2019-05-16 13:45:59
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