Iceland effectively bans HFO in its territorial waters [Shipping]
Iceland's Ministry of Environment and Natural Resources announced regulation on the use of heavy fuel oil (HFO) in its territorial waters. This regulation aims to promote air quality improvement in ports and coastal areas, consistent with the gov...
2019-12-19 08:38:40
Korea topped NB order sales for four months in a row [Market Information]
While shipyards in the world win newbuilds of a combined 20.06m cgt from January to November this year, representing a 37% year-on-year decrease, Korean shipbuilding industry maintains its top place in the new order sales sector for four consecut...
2019-12-18 15:42:12
Schlumberger wins integrated subsea system [Offshore]
Schlumberger has recently announced an award by Chevron U.S.A. Inc. (Chevron) to OneSubsea® for the supply of an integrated subsea production and multiphase boosting system for the Anchor Field in the US Gulf of Mexico. Through this engineeri...
2019-12-18 09:20:21
Keppel delivers jackup rig to Grupo R [Offshore]
Through its wholly-owned subsidiary Keppel FELS Limited (Keppel FELS), Keppel Offshore & Marine Ltd (Keppel O&M) has delivered the KFELS B Class jackup rig, Cantarell III, to a wholly-owned subsidiary of Grupo R with a perfect safety reco...
2019-12-18 09:16:04
MacGregor supports China's icebreaker operation [Equipment]
The two polar icebreakers, Xue Long (Snow Dragon) and Xue Long 2, are working together for the first time during China’s 36th Antarctic expedition, with Xue Long 2 also being the first domestically built icebreaker. Xue Long 2 was jointly de...
2019-12-18 09:12:45
Aker to supply subsea system for Ærfugl project [Offshore]
Aker Solutions announced on December 12 that it has been awarded a contract from Aker BP to deliver the subsea production system for the second phase of the Ærfugl development offshore Norway. The subsea delivery will include wellheads, verti...
2019-12-18 09:08:37
SBM divests 35.5% interest in FPSO operation [Finance]
Following the announcement on December 11, 2019, with respect to the contract signature for FPSO Sepetiba, SBM Offshore announced on December 13 that it has entered into a shareholder agreement with its long standing business partners Mitsubishi ...
2019-12-18 09:04:05
ABB solar solutions help Korean farmers [Equipment]
With the support of ABB, elderly South Korean farmers are utilizing their land to gener-ate renewable energy for hundreds of local homes  16 farmers in South Korea are benefitting from a newly connected PV (photovoltaic) plant installed o...
2019-12-18 09:03:06
DSME wins order for two VLGCs [Shipbuilding]
Daewoo Shipbuilding & Marine Engineering (DSME) has won a contract for LPG carriers for the first time in four years since 2015, and is doing its best in winning newbuilding orders until the last minute of 2019. DSME made an announcement o...
2019-12-18 08:53:56
HHI strengthens cooperation with Aramco [Shipbuilding]
Hyundai Heavy Industries (HHI) Holdings, one of the largest shipbuilding group in the world, announced through a regulatory filing on December 17 that it has raised KRW 1.3749trn (about $1.18bn) in proceeds from Saudi Aramco in a stake sale of it...
2019-12-18 08:52:38
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