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Hudong chosen as preferred bidder for Cyprus
[Offshore]
Cyprus Natural Gas Public Company (DEFA), Cyprus' public corporation for LNG business, announced on August 23 that a multinational consortium led by Chinese company has been chosen as preferred bidder for the project worth EUR 250m to establish L...
2019-08-28 08:23:39
"Projects worth $123bn to be sanctioned"
[Offshore]
The value of projects sanctioned this year in global offshore energy development sector is likely to reach $123bn, Rystad Energy forecasted. The Norwegian energy consultant company noted that there would be a new wave of offshore project sanct...
2019-08-28 08:23:12
Investors emerge for H&W
[Shipbuilding]
The administrator of distressed Harland and Wolff (H&W) said that it received offers for the yard from some potential investors. Designated administrator BDO Northern Ireland said that there are non-binding offers about the company, ...
2019-08-27 16:06:04
Wuhu won three LNG-powered Ro-Los
[Shipbuilding]
Bore has signed a new-building contract with Wuhu Shipyard Co.Ltd in China for three (3) new LNG-powered RoLo vessels to be built during 2020-2021. Thereby, Bore’s operated fleet will grow to 11 vessels. The new state-of-the-art RoLo vess...
2019-08-27 15:42:23
StealthGas buys new tonnage
[Shipbuilding]
Nasdaq-listed Greek LPG operator StealthGas announced on August 22 in its Q2 result statement that the company acquired one 11,000-cbm LPG carrier. StealthGas explained that the newbuilding is the largest pressurized LPG carrier ever bui...
2019-08-27 15:18:00
KMARIN orders 4+4 VLOC package
[Shipbuilding]
Kukje Maritime Investment Corporation (KMARIN) has ordered a series of VLOC in China. Multiple sources reported that KMARIN had signed LOIs with two Chinese yards back in July, signing the final contracts lately. LOI envisions t...
2019-08-27 14:39:25
YZJ won two large bulkers
[Shipbuilding]
Yangzijiang Shipbuilding (YZJ), amid of disturbance related to its Chairman Ren Yuanlin, has won a contract for the construction of two 325,000-dwt VLOCs from an Asian owner, it is said. Sources told that the pair would be delivered in J...
2019-08-27 13:57:13
TechnipFMC to create two independent companies
[General]
TechnipFMC plc (NYSE: FTI) (Paris: FTI) announced its Board of Directors has unanimously approved its plan to separate into two industry-leading, independent, publicly traded companies: RemainCo, a fully-integrated technology and services provide...
2019-08-27 10:21:56
NBP to build two new heavy-lift vessels
[Shipbuilding]
NYK Bulk & Projects Carriers Ltd. (NBP) has signed the contract with Nanjing Jinling Shipyard Co. Ltd., which is part of the China Merchants Group, to build two next-generation energy-saving heavy-lift vessels. These ships will have the be...
2019-08-27 10:19:47
First CLEANBU wet-dry cargo switch conducted
[Shipping]
This week our CLEANBU MV Baru successfully made the first switch from wet to dry cargo, the first cargo switch for our new CLEANBU fleet. The vessel transported a full cargo of petroleum products (CPP) from India to Argentina. After discharging t...
2019-08-27 08:50:39
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