Petrofac wins a new contract and PDO awards [Shipbuilding]
Petrofac announced on December 31 that a new contract and the award of an additional scope of work with Petroleum Development Oman (PDO), with a combined value of approximately US$130 million. The new contract award, under a 10-year Fram...
2020-01-03 10:04:46
EUKOR extends glittering HMG contract [Shipbuilding]
Wilhelmsen group has announced on December 31 that EUKOR Car Carriers, part of the Wallenius Wilhelmsen group, has renewed its contract with Hyundai Motor Group (HMG), maintaining a 40% volume share on existing rates.  "The agreement ...
2020-01-03 09:47:37
HSG inks formal deal for Sungdong acquisition [Shipbuilding]
A consortium consisted of HSG Heavy Industries and Curious Partners inked a formal contract on December 31, 2019, for taking over Sungdong Shipbuilding & Marine Engineering. Last November, the consortium showed its intention to acquire S...
2020-01-03 09:34:47
Far Eastern yards won 31 VLCCs in 2019 [Shipbuilding]
Hyundai Samho Heavy Industries (HSHI) was awared three very large crude carriers (VLCCs) in a week at the end of December 2019. Following a regulatory filing released on December 25, 2019, regarding contract for building two VLCCs for an Asian...
2020-01-03 09:30:49
[Feature] Korean yards' 2019 order totalization [Shipbuilding]
Although the Korean shipbuilding industry did not show a large market rebound in 2019 overall, it is expected to maintain the world’s highest competitive in orders for high value-added ships, such as LNG carriers, and step up efforts to nor...
2020-01-03 09:27:51
The acceptance act for“Akademik Pashin” [Shipbuilding]
Nevsky Shipyard has announced on December 25 that an act of acceptance of theе tanker was signed. The acceptance act for the medium sized sea tanker “Akademik Pashin” was signed.  The project is developed by Spetssudoproect, JSC. The...
2020-01-02 10:31:36
Fugro Shareholder of seabed Geosoultions [Shipbuilding]
Fugro announced on December 30 that it has entered into an agreement to acquire CGG’s 40% shareholding in Seabed Geosolutions and to terminate the Seabed Geosolutions’ joint venture agreement effective December 30, 2019 in exchange for a cash...
2020-01-02 10:20:32
Seadrill Extension for AOD II and AOD III [Shipbuilding]
Seadrill Limited Announced for Contract Extension for AOD II and AOD III. Seadrill Limited (“Seadrill”) announced on December 30 that it has secured a three year contract  for each of the AOD II and AOD III in the Middle East, in dire...
2020-01-02 10:13:38
First Gas From the Leviathan Field Offshore Israel [Shipbuilding]
Noble Energy, Inc. (NASDAQ: NBL) (“Noble Energy” or the “Company”) announced on December 31 that the commencement of natural gas production from the Leviathan field, the largest natural gas field in the Eastern Mediterranean.  D...
2020-01-02 10:07:14
The legality of Dockers' Clause extension [Shipbuilding]
European short-sea and feeder ship operators announced on December 30 that they are challenging efforts by the International Transport Workers’ Federation (ITF) to redefine container lashing as a cargo handling activity in order to bring it u...
2020-01-02 09:54:17
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