HHI's due diligence on DSME failed again [Shipbuilding]
Hyundai Heavy Industries' (HHI's) on-site inspection of Daewoo Shipbuilding & Marine Engineering's (DSME's) Okpo shipyard was abandoned for the second time.  About 10 officials from HHI including chief finance officer (CFO) Cho Young-...
2019-06-13 07:24:39
Geoje calls for halt to sale of DSME [Shipbuilding]
Geoje City of Korea has called again for a halt to the sale of Daewoo Shipbuilding & Marine Engineering (DSME), a significant business in the city. The city issued a statement under the name of Byun Kwang-yong, the mayor of Geoje, on June ...
2019-06-13 07:24:02
Korea cuts fee on public waters [Shipbuilding]
The Ministry of Oceans and Fisheries (MOF) of Korea has recently announced that some revisions of the 'Public Waters Management and Reclamation Act' were passed at a cabinet meeting held on June 11. The revisions aim to cut fees on specific in...
2019-06-13 07:23:16
Hoegh signs S&LB deal for FSRU #10 [Offshore]
Hoegh LNG of Norway recently announced through SNS that the company has signed a 12-year Sale and Leaseback (S&LB) contract for its 10th FSRU (FSRU #10) with China Construction Bank (CCB) Financial Leasing. Hoegh LNG said that the FSRU is ...
2019-06-12 15:25:20
Hydrogen may power offshore platforms in future [Offshore]
The Nordic industry is developing a concept, which produces hydrogen through the offshore wind to store it under the seabed. Sources said that Norwegian industry is researching such a project, which can potentially power offshore O&G platf...
2019-06-12 14:29:44
"Cyprus FSRU coming in October" [Offshore]
It seems Cyprus is ready to order the much-talked FPSO in October, whose tender has been extended multiple times. Sources said that the Cyprus government is to sign contracts for the installation of FSRU and related infrastructures in coming O...
2019-06-12 14:11:48
Aulong Boat to build a fast aluminum ferry [Shipbuilding]
Aulong Boat Technology, a joint venture between Austal of Australia and Jianglong Boat Technology of China, has won an aluminum-alloy fast ferry from Shenzhen Shipping Group. Sources reported that the ship with 42.39m of length and 10.5m of wi...
2019-06-12 13:41:38
ABB Turbocharging launches engine performance software [Equipment]
ABB Turbocharging has upgraded digital platform ABB Ability™ Tekomar XPERT, for use on a fleet-wide scale. Offering an easy-access web portal interface, ABB Ability™ Tekomar XPERT for fleet provides accurate insight into engine performance...
2019-06-12 10:45:10
SBM Offshore awarded LOI for FPSO Mero 2 [Offshore]
SBM Offshore announced that it has signed a Letter of Intent (LOI) together with Petróleo Brasileiro S.A. (Petrobras) for a 22.5 years lease and operate of FPSO Mero 2, to be deployed at the Mero field in the Santos Basin offshore Brazil, 180 ki...
2019-06-12 10:44:19
Daewoo wins yet another LNGC from Maran Gas [Shipbuilding]
Daewoo Shipbuilding & Marine Engineering has won another order for one 174,000㎥ LNG carrier from its largest repeat customer John Angelicoussis Group. Greece's Maran Gas Maritime has placed the order and the newbuilding will be delivered...
2019-06-12 10:05:19
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