Petrobras opened bid for Suezmax tankers [Shipping]
Petrobras, a Brazilian state-controlled mixed-capital energy company, has recently opened a tender for Suezmax charters lasting 15 years.  According to TradeWinds, shipowners such as Knutsen OAS Shipping, Teekay Offshore, AET, Viken Shipp...
2019-07-23 08:39:41
Talks held in Korea on governmental supports [Equipment]
The Korea Marine Equipment Association (KOMEA) had a briefing session on 'governmental policy and support for shipbuilding & offshore plant equipment business' on July 17 at Busan Port International Exhibition & Convention Center (BPEX), ...
2019-07-23 08:39:08
"NB contracting expected to rise in 2H" [Shipbuilding]
New order sales in global shipbuilding industry decreased sharply for the first half of 2019, but are expected to show a relative improvement for the second half against a backdrop of large-scale contracting in LNG carrier sector, a Korean expert...
2019-07-23 08:38:30
HHI's application for DSME merger submitted to China [General]
Hyundai Heavy Industries (HHI) Group has officially started the process to earn approval from foreign anti-trust regulators for its proposed takeover of Daewoo Shipbuilding and Marine Engineering (DSME). According to industrial source, Korea S...
2019-07-23 08:38:06
"China topped global shipbuilding arena in 1H " [Shipbuilding]
China topped the global shipbuilding market in 1H, a local media reported. Xinhua, quoting the Ministry of Industry and Information Technology, reported that the Chinese industry completed 19.66m dwt of ships in 1H, which is a 4.2% yoy growth....
2019-07-23 08:37:25
Korea envisioning massive floating solar power [Offshore]
The Ministry of Trade, Industry and Energy (MOTIE) of Korea announced that it granted sanction on Saemangeum floating solar power project, and the Korea Photovoltaic Industry Association (KOPIA) released a welcome statement on the sanction. Th...
2019-07-22 15:53:15
Philippines starts first floating solar power [Offshore]
The Philippines' first floating solar power project recently started operation. Norwegian solar enterprise Ocean Sun built the 200kW project in partnership with GCL-SI, a module supplier for floating solar facilities. The demo power plant is t...
2019-07-22 15:20:43
Cyprus FSRU closed 1st phase of bidding [Offshore]
Three consortia are running for Cyprus FSRU project bidding. Cyprus’ state-run LNG company Defa announced on July 12 that the first phase of the bidding has been completed, and three consortia are left in the tender with respective proposals...
2019-07-22 14:49:44
Keppel O&M turns a profit in 1H [Shipbuilding]
Keppel of Singapore announced in its recent 1H 2019 performance report that the net profit by June logged SGD356m (around $260m), which is a yoy 39% decrease. The company explained the degrowth saying lower-than-expected profit from disposal in p...
2019-07-22 14:28:16
MOL-COSCO named Yamal LNGC [Shipbuilding]
Mitsui O.S.K. Lines, Ltd. (MOL; President & CEO: Junichiro Ikeda) announced that on 18 July, a naming ceremony for an ice-breaking LNG carrier, jointly ordered by MOL and China COSCO Shipping Corporation Limited (China COSCO Shipping), was he...
2019-07-22 10:23:26
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