NIBULON sets shipbuilding records in Ukraine [Shipbuilding]
NIBULON, a leader in the agrarian market and shipbuilding sector of Ukraine, once again demonstrated its productivity, innovation, and efficiency. Recently, the company has put into operation a 140-m NIBULON MAX river-sea floating vessel, the lon...
2019-10-02 08:44:30
Oceaneering awarded decommissioning support job [Offshore]
Oceaneering International, Inc., has been awarded a contract to support a decommissioning project off the east coast of Canada. This is the first decommissioning contract for Oceaneering in Canada. The contract’s work scope includes internal...
2019-10-02 08:43:01
Total buys more stakes in Mozambique LNG [Offshore]
Total announces the closing of the acquisition of Anadarko’s 26.5% operated interest in the Mozambique LNG project for a purchase price of $ 3.9 billion. This closing comes after Total reached a binding agreement with Occidental on May 3, 20...
2019-10-02 08:42:08
Yinsong signed FPSO charter extension [Offshore]
Reference is made to the announcements of the Company dated 3 April 2017, 3 July 2017, 21 December 2017, 3 January 2018, 27 March 2018, 29 March 2018, 31 December 2018, 24 June 2019 and 31 July 2019, collectively known as “Announcements”. ...
2019-10-02 08:40:25
Vard Electro installed SeaQ ESS on Stril Barents [Equipment]
The Platform Supply Vessel Stril Barents was delivered from VARD to Simon Møkster Shipping in 2015. In august 2019, the vessel was equipped with Vard Electro’s SeaQ Energy Storage System (ESS) and SeaQ Shore Connection. Stril Barents is a mode...
2019-10-02 08:39:01
Global banks encourage decarbonization move [Finance]
Global giant banks have agreed to consider how much efforts they made for decarbonization in order to grant shipping companies loans.  Under this initiative called 'Poseidon Principles', banks will evaluate how well a shipping company ful...
2019-10-02 08:22:31
Korean ship exports up for two months in a row [Shipbuilding]
Korean exports hit $44.71bn in September 2019, down by 11.7% year-on-year. There was also a 5.6 y-o-y decrease (to $38.74bn) in Korean imports in the same month. However, the country had a balance of trade surplus ($5.97bn) for 92 months in a row...
2019-10-02 08:20:55
Sungdong's 4th efforts for M&A [General]
Sungdong Shipbuilding & Marine Engineering made its fourth public notice for merger & acquisition (M&A) on September 30. This came after earlier failed attempts through a stalking-horse bid.  According to the public notice, le...
2019-10-02 08:19:47
HSD Engine scores deal from SHI [Equipment]
HSD Engine announced through a regulatory filing on October 1 that the company and Samsung Heavy Industries (SHI) have signed a contract for supplying marine engine. Under the deal, HSD Engine will supply engine for ship the Korean shipbuildin...
2019-10-02 08:19:17
Sejin ventures into Ulsan offshore business [Offshore]
Sejin Heavy Industries is participating in Ulsan’s offshore wind bet.   The company announced on September 30 that it signed an MOU with GustoMSC and Korea Maritime Consultants to develop business cases for ‘Tri-Floater’ for offshore...
2019-10-01 16:08:48
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