Flex LNG makes profit in 3Q [Finance]
Flex LNG has recently announced its unaudited financial results for the third quarter and nine months ended September 30, 2019.    Highlights: ＊Reported revenues of $29.8 million for the third quarter 2019, compared to $19.0 mill...
2019-11-25 09:16:20
Yinson inks refinancing deal for FPSO [Finance]
Yinson Holdings Berhad turns out to have recently sealed a USD800 million refinancing agreement with 13 local and global banks to refinance FPSO John Agyekum Kufuor, Yinson’s vessel which is currently operating in OCTP Block, offshore Ghana. Th...
2019-11-25 09:11:42
DIF invests in LNGC quintet [Shipbuilding]
DIF Capital Partners, through its DIF Core Infrastructure Fund I (“DIF CIF I”), has recently announced that it has signed final documentation alongside ship-owner Geogas Maritime and Access Capital Partners for the acquisition of a 50% stake ...
2019-11-25 09:07:34
Maersk nets FPSO tow and mooring installation deal [Offshore]
Maersk Supply Service announced on November 21 that the company has been awarded an integrated FPSO tow and mooring installation project for an operator in the North Sea. The work scope includes project management, engineering and offshore execut...
2019-11-25 09:05:27
1st Korea-ASEAN Maritime Week' held [Equipment]
The Gyeongnam Marine Equipment Association (GMEA), along with the Korea Trade-Investment Promotion Agency (KOTRA), the Busan Marine Equipment Association (BMEA), the Korea Marine Equipment Association (KOMEA) and Korea Maritime and Ocean Universi...
2019-11-25 08:58:55
EPS expected to order DF Suezmax tankers [Shipbuilding]
Eastern Pacific Shipping (EPS) is likely to order the world's first LNG dual-fuel (DF) Suezmax tanker.  According to TradeWinds and industrial source, the Idan Ofer-led company is finalizing a negotiation with China's state-owned Guangzho...
2019-11-25 08:57:50
Sinopec targets 100 barge newbuilds to supply VLSFO [Shipbuilding]
Chinese energy company Sinopec Corp is planning to secure a massive 100 newbuilding barges during the next three years with the strategy to become a No.1 supplier in the very low sulphur fuel oil (VLSFO) market in the region. As the IMO 2020 S...
2019-11-25 08:56:49
Yizheng Yangzi secures BCs for domestic owner [Shipbuilding]
Chinese owner Anhui Zhonglian Shipping, a shipping unit of Maanshan Iron & Steel is building four bulk carriers at a compatriot shipyard. The shipowner has placed an order for four 22,500-dwt bulkers from Yizheng Yangzi Shipbuilding Indust...
2019-11-25 08:55:04
HHI develops cutting edge power system for VLCS [Shipbuilding]
Hyundai Heavy Industries Group (HHI Group) is to maximize ship efficiency as it develops state-of-the-art technology to be used in the Very Large Container Ships (VLCS), which can simplify its power system. Korea Shipbuilding & Offshore En...
2019-11-22 16:50:03
2% downturn seen in Japan's ship exports [Market Information]
Japanese shipyards saw a 2.2% year-on-year decline in their new export ship orders last October. According to the Japan Ship Exporters' Association (JSEA), in October, shipbuilders in Japan were awarded 14 vessels of a combined 835,100 gt...
2019-11-22 16:26:49
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