Korean yard partners oppose '52-hour workweek' [General]
A council comprised of 118 suppliers of Hyundai Heavy Industries (HHI) had a press conference on October 14 at Ulsan Metropolitan City Hall, Ulsan-si, Korea, urging the government to reconsider the expansion of the mandatory 52-hour workweek syst...
2019-10-18 08:26:17
HHI joins hands with DORIS for 'Shwe 3' FEED [Offshore]
While it is said that Hyundai Heavy Industries (HHI) has secured front-end engineering design (FEED) works for the 'Shwe Phase 3' gas field development, located offshore Myanmar, together with McDermott International, the Korean shipbuilding heav...
2019-10-18 08:25:42
Mozambique LNG needs 16 LNGCs [Shipping]
It turned out that the operator of the Mozambique LNG project has recently sent out tender documents to shipowners for chartering up to 16 LNG carriers. According to TradeWinds and industrial source, the bid will open for 7-11 pre-qualified ow...
2019-10-18 08:25:09
More Russian ships are built in Korea [General]
To realize long-term plans on O&G development, Russia has increased the construction of its fleet in Korea under the supervision of the Russian Maritime Register of Shipping (RS). The cooperation of two countries in R&D, procurement, a...
2019-10-17 16:17:07
MSC behind five mega-boxships at DSME [Shipbuilding]
It seems major liner MSC is behind the order of the five mega containerships, for which Daewoo Shipbuilding & Marine Engineering (DSME) announced on October 15 through a regulatory filing. Multiple sources said that MSC placed the order fo...
2019-10-17 14:47:51
Kyokuyo to build Taiwanese feeder [Shipbuilding]
Taiwanese operator TVL Marine has ordered a new feeder container at a Japanese shipyard. TradeWinds and other sources reported on October 16 that TVL has ordered a 1,096-teu containership at Kyokuyo Shipyard of Japan for delivery in November 2...
2019-10-17 14:28:28
VLCC earnings still in good shape [Shipping]
The VLCC rate, which recorded the historic high on October 11, showed a slight downtrend this week. As of October 16, at Baltic Exchange, Middle East-China TD3C route VLCC time charter equivalent earnings recorded $135,000/day level, which is ...
2019-10-17 14:11:49
MODEC got LOI for Marlim 1 FPSO [Offshore]
MODEC, Inc. ("MODEC") announced that it has received a Letter of Intent (LOI) for the supply, charter, and operations of a Floating Production Storage and Offloading (FPSO) vessel for Marlim revitalization project from Petróleo Brasileiro S.A. (...
2019-10-17 10:18:20
Yinson awarded Brazil FPSO Marlim project [Offshore]
YINSON HOLDINGS BERHAD (“Yinson” or the “Group”), has been awarded two Letters of Intent (collectively “LOIs”) by Petróleo Brasileiro S.A. (“Petrobras”) for the charter, operations and maintenance of FPSO Marlim 2, a floating, pr...
2019-10-17 10:17:26
Norway warns of onboard battery fire [Equipment]
On a recent fire accident in Norway, the Norwegian Maritime Authority released the following warning statements: "In the evening of Thursday 10 October, there was a small fire in the battery room onboard the passenger ferry “Ytterøyningen”....
2019-10-17 08:56:51
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