Beatrice wind farm refinancing closed [Finance]
Beatrice Offshore Windfarm Ltd (BOWL), a joint venture between SSE Renewables (40%), Copenhagen Infrastructure Partners (35%) and Red Rock Power Limited (25%), has achieved a successful Financial Close on a refinancing of its senior debt faciliti...
2019-07-17 08:41:44
"VLCC resale price expected to surpass $100" [General]
It is forecasted that, while market cycle is on an upturn in global tanker shipping sector, the resale of very large crude carrier (VLCC) newbuild will surpass a $100m level.  Tanker rates will increase, resulting from several favourable ...
2019-07-17 08:27:16
Conditional approval expected in DSME-HHI merger [General]
Approval would be granted to overseas eligibility screening on a merger between Hyundai Heavy Industries (HHI) and Daewoo Shipbuilding & Marine Engineering (DSME), with the sale of their assets related to high value-added ship (LNG carrier, v...
2019-07-17 08:26:47
SHI lands Suezmax duo from Enesel [Shipbuilding]
Greek shipowner Enesel booked Suezmax crude carrier duo at Samsung Heavy Industries (SHI). The Lemos-led company, the old customer of SHI also, is said to have recently ordered two Suezmax tankers from the Korean shipbuilding tycoon.  ...
2019-07-17 08:26:16
Negative report published against scrubbers [Equipment]
Swedish Environmental Research Institute (SERI) recently published a report claiming that scrubber may harm marine ecology. After scientific investigations from December 2018 to June 2019, the Institute concluded that both open-loop scrubbers ...
2019-07-16 16:20:50
HGS-Intellian signed strategic partnership for Satcom [Equipment]
Intellian, the global leader of mobile satellite communication antenna systems, signed a strategic partnership in satellite communications with Hyundai Global Service (HGS), a marine engineering & service provider and subsidiary of world’s ...
2019-07-16 16:07:15
CLdN behind four RoRo ships at HMD [Shipbuilding]
Belgium operator CLdN Cobelfret has ordered up to four Ro-Ro ships at Hyundai Mipo Dockyard (HMD). TradeWinds and other sources reported on July 15 that the operator has placed the order to replace two canceled newbuildings (5,500 lane-meter) ...
2019-07-16 15:38:54
POSCO running support branch at Ulsan [General]
It is the 51st anniversary of POSCO, the company that has produced 970m tons of steel products since its births. It includes 54m metric tons of thick plate for shipbuilding, which is enough to build 1,340 units of VLCCs. Korea’s another indu...
2019-07-16 15:20:24
IRClass chairs at IACS [General]
The IACS Council recently held its 79th session (C79) in Busan, S. Korea, where Quality operations, new technologies and industry engagement were high on the agenda.  C79 was unanimous and forthright in expressing its absolute commitment t...
2019-07-16 10:14:34
ABS and MOL in Landmark Gas Carrier Agreement [Shipbuilding]
ABS and Mitsui O.S.K. Lines Ltd. (MOL) have signed a Memorandum of Understanding (MOU) to collaborate on up to 14 new gas carriers. The agreement covers seven new-build Very Large Ethane Carriers (VLEC) and up to seven new-build Liquefied Natu...
2019-07-16 10:13:02
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