SHI to pay $75m to resolve foreign bribery case in U.S. [Offshore]
Korea's Samsung heavy industries has agreed to pay total penalties of more than $75 million to resolve the US government's investigation into violations of the Foreign Corrupt Practices Act (FCPA) arising out of a scheme to pay millions of dollar...
2019-11-26 08:40:30
Sembmarine sees growing loss in 3Q [Offshore]
Sembcorp Marine (Sembmarine) announced on November 13 that the Singaporean company posted a net loss of SGD 59.5m for the first nine months of 2019. The loss has reduced by 26% compared to that of SGD 80.1m logged from January to September 2018.&...
2019-11-26 08:38:21
CSET places its first LNG-fueled VLCC order [Shipbuilding]
China's COSCO Shipping Energy Transportation (CSET) has ordered LNG dual fuel very large crude carrier (VLCC) for the first time since its establishment.  According to TradeWinds, the Chinese crude carrier operator has recently swapped on...
2019-11-26 08:37:22
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