Andromeda invests in LR2 built by DHSC [Shipbuilding]
International Andromeda Shipping of Monaco purchased 50% stakes in two LR2 product carriers (PCs) from Clearlake Shipping, Gunvor's wholly-owned shipping division.  According to TradeWinds and industrial source, the newbuilds (Hull No H50...
2019-07-22 08:27:55
"Restructuring is up to creditors" [Finance]
The Ministry of Trade, Industry and Energy (MOTIE) of Korea stated on July 19 that “when Minister Sung Yun-mo met lawmaker Park Jie-won, the minister quoted KDB’s stand that the creditors had not considered the merger of small and mid-sized s...
2019-07-22 08:27:23
[Feature] Korean yards' 1H order totalization [Market Information]
The Korean shipbuilders still saw strong LNG carrier trend in their new order intakes for the first half of 2019, and are expected to secure a lot of newbuilding deals in LNG carrier segment for the second half. On the whole, however, they logged...
2019-07-19 16:34:05
CSBC floats first barge for wind farm installation [Offshore]
Taiwanese state-run shipyard CSBC recently completed the construction of a large barge for offshore wind construction.   Named as ‘CSBC NO.15,’ the barge cost around TWD700m (about $22.54m). It will transport offshore wind-related ca...
2019-07-19 15:37:38
DSME to build floating nuclear plant for Indonesia [Offshore]
Indonesian state-run shipyard PT. PAL INDONESIA has signed an agreement with nuclear power developer Thorcon International Pte Ltd for the development and realization of a 500MW nuclear reactor.   Thorcon is planning to build a thorium pow...
2019-07-19 15:00:38
KR-HHI-KCC seeking for solvent-free coating [Equipment]
KR signed an MOU for comprehensive cooperation with Hyundai Heavy Industries (HHI) and KCC to develop solvent-free marine coating.   The maritime community is facing immense pressure to comply with strict regulations against VOCs and HAPs,...
2019-07-19 14:33:37
Wärtsilä's Half year financial report released [Equipment]
Wärtsilä released half year summary on July 18. HIGHLIGHTS OF THE REVIEW PERIOD JANUARY-JUNE 2019 Order intake decreased 9% to EUR 2,793 million (3,060) Order book at the end of the period increased 10% to EUR 6,470 million (5,904) Net ...
2019-07-19 10:16:32
LTHE awarded Marjan Mega job [Offshore]
L&T Hydrocarbon Engineering Limited (LTHE) has been awarded another Mega project in the Marjan Field by Saudi Aramco. The Saudi company’s trust on LTHE’s commitment to consistent project performance and ability to put the best team of you...
2019-07-19 10:15:41
VIKING wins order for HydroPen system [Equipment]
The globally exclusive HydroPen™ distributor and leading safety solutions expert, VIKING Life-Saving Equipment, has announced the signing of a fleetwide contract with a major global container shipping operator to integrate the HydroPen™ Syste...
2019-07-19 08:58:34
Seadrill secures job for West Polaris [Offshore]
Seadrill Partners ("SDLP" or "the Company") has secured a one well contract with PC Gabon Upstream S.A. for the West Polaris to work offshore Gabon. Backlog is expected to be approximately $22 million excluding mobilization fees with commencement...
2019-07-19 08:57:44
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