A 58% decrease in Korean ship exports [Shipbuilding]
Korea's exports fell 5.2% year on year to $457.2bn in December 2019, imports fell 0.7% to $437bn and the trade balance recorded a surplus of $2.2 billion for the 95th straight month. The Ministry of Trade, Industry and Energy announced that ...
2020-01-07 09:22:22
SHI-DSME compete for winning Canadian FPSO hull [Offshore]
In an FPSO tender for deep-water Bay du Nord project in Canada, ▲Aker Solution+Kvaerner+Samsung Heavy Industries (SHI) consortium and ▲Wood+Kiewit+Daewoo Shipbuilding & Marine Engineering (DSME) consortium are likely to receive bid packag...
2020-01-07 09:19:50
Valaris receives payment from SHI [Offshore]
Valaris, which is headquartered in London, the UK, has recently announced that the offshore drilling rig operator received $200m cash payment from Samsung Heavy Industries (SHI).  SHI delivered a new drillship (DS-5) in 2011, which it won...
2020-01-07 09:18:29
HHI smart ship solution approved by ABS [Shipbuilding]
Hyundai Heavy Industries (HHI) has strengthen its technological competitiveness in smart ship sector.  The Korean shipbuilding giant has recently attained a technical certification from the American Bureau of Shipping (ABS) for its next-g...
2020-01-07 09:14:49
Yangfan receives an order in five years [Shipbuilding]
China's Yangfan Group announced on January 2nd that it has won an order for a 23,000-dwt Product Oil & Chemical Tanker from its Zhejiang Henghui Shipping. The group explained that the contract includes one additional option. The newbuil...
2020-01-07 09:12:34
HSHI nets LNGC duo from Europe [Shipbuilding]
Hyundai Samho Heavy Industries (HSHI) turns out to have secured this year's first new order from Europe. Korea Shipbuilding & Marine Engineering (KSOE) announced through a regulatory filing on January 6 that its subsidiary HSHI has been aw...
2020-01-06 16:37:49
SHI pays compensation to Valaris [Offshore]
Valaris plc (“Valaris” or the “Company”) has recently announced that it received a $200 million cash payment upon the conclusion of previously disclosed arbitration proceedings, and provided an update on contracting for its rig fleet an...
2020-01-06 10:31:48
Share purchase agreement extends [Shipbuilding]
Prosafe SE and Floatel International Ltd announced on January 2nd that they have agreed to extend the long stop date in the share purchase agreement from 31 December 2019 until 30 June 2020. Competition clearance continues in Norway and the UK...
2020-01-06 10:28:59
FPSO POLVO' extension contract [Shipbuilding]
BW Offshore announced on January 4 that it has signed an agreement with PetroRio for a one-year extension for the lease and operation of FPSO Polvo. The firm period has been extended to Q3 2020 (from Q3 2019), with options until Q3 2022. Editi...
2020-01-06 10:27:15
EastMed pipeline will become commercial operation [Shipbuilding]
Energean (LSE: ENOG, TASE: אנאג (and the Public Gas Corporation of Greece (“DEPA”) have announced that they agree to cooperate to further support the EastMed Pipeline Project. Ahead of the Intergovernmental Agreement on the EastMed Pipeli...
2020-01-06 10:23:46
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