McDermott informs plan of reorganization [General]
McDermott International, Inc. ("McDermott" or the "Company") announced on March 12 that the U.S. Bankruptcy Court for the Southern District of Texas (the "Court") has confirmed the Company's Plan of Reorganization (the "Plan") and approved t...
2020-03-19 09:29:49
HHI-TMC&NICO cooperate in turbomachinery business [Equipment]
NICO International announced on January 25 that Hyundai Heavy Industries Turbomachinery Co., Ltd. (HHI – TMC) – the leader in the Turbomachinery business specializing in pumps for marine, nuclear and industrial field, gas and air compressors,...
2020-03-19 09:26:24
TechnipFMC suppplies update on planned separation [Equipment]
TechnipFMC announced on March 15 that market conditions have changed materially due to the COVID-19 pandemic, the sharp decline in commodity prices, and the heightened volatility in global equity markets. The impacts of these events have created ...
2020-03-19 09:22:57
Steady operation in the ports ensured [Shipping]
HHLA announced on March 16 that the supply of the population and companies with cargo and goods via the terminal facilities of Hamburger Hafen und Logistik AG (HHLA) is ensured, regardless of the measures in force to protect against the spread of...
2020-03-19 09:19:44
DSIC wins VLCC duo from Greece [Shipbuilding]
George Procopiou-led Dynacom Tankers Management seems to have ordered two very large crude carriers (VLCCs) from a Chinese shipyard.   According to industrial source and TradeWinds, Dynacom has recently booked 300,000 dwt VLCC duo at...
2020-03-19 09:15:03
HHI-TMC explores middle east market [Equipment]
It turned out that Hyundai Heavy Industries Turbomachinery Co., Ltd. (HHI ? TMC) signed a service agent agreement with NICO International (NICO), UAE based marine and industrial engineering company. NICO, known as Turbomachinery business leade...
2020-03-19 09:14:06
PGNiG seeks for LNGCs [Shipbuilding]
It turned out that three shipping company candidates have been short-listed in a chartering bid for up to eight LNG carriers, which was opened by Poland's state-owned oil & gas company PGNiG (Polskie Gornictwo Naftowe i Gazownictwo),  ...
2020-03-19 09:13:09
Korea to support expansion of Peru shipyard [Shipbuilding]
The Ministry of Oceans and Fisheries (MOF) has recently chosen a feasibility study for the 'enlargement and modernization of Peru's Callao shipyard' as this year's first overseas port development project While Korean government helps Peru to e...
2020-03-19 09:11:16
Global ship repair market will grow sharply [Shipbuilding]
It is expected that global ship repair and maintenance services market will grow from 18.89bn in 2018 to 39.93bn in 2026.  According to the Indian Fior Markets report, it attributes market growth to the demand for new ships and activities...
2020-03-19 09:05:47
160 new VLCCs needed [Shipbuilding]
Norwegian owner Hunter Group announced that VLCCs will be needed to respond to increased oil production over the next two years.  According to industry sources and TradeWinds, only 60 big tankers are being built in shipyards worldwide Hun...
2020-03-19 09:04:24
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