DSIC delays one FPSO [Offshore]
 It turned out that floating oil production, storage and unloading facility (FPSO), which China’s Dalian Shipbuilding Industry (DSIC) was ordered by MODEC of Japan, has been delayed for three months.     According to indus...
2020-05-19 09:14:05
Gunsan supports shipbuilding equipment providers [Shipbuilding]
The governments of North Jeolla Province and Gunsan City entered into an agreement on May 14 to support local shipbuilding equipment providers to convert their business into renewable energy sector. In addition to the two parties, shipbuilding...
2020-05-19 09:13:22
Korea promotes unmanned ship project [Shipbuilding]
The government of South Gyeongsang Province of Korea looked at preparations for a project to demonstrate deregulation zone for unmanned ship business on May 14. The special zone project was promoted by South Gyeongsang Province, 'LIG Nex1', th...
2020-05-19 09:12:34
1/3 LNGCs in orderbooks are unchartered [Shipping]
As demand and the volume of LNG transported weaken in the LNG shipping market due to COVID-19, one-third of LNG new vessels in orderbooks are unchartered.    According to TradeWinds, 45 units out of 132 floating storage and regasifica...
2020-05-19 09:10:09
DSME’s net profit rose by 24% in 1Q [General]
Daewoo Shipbuilding & Marine Engineering (DSME) announced on May 15 through a regulatory filing its performance in the first quarter. DSME's first quarter of earnings are KRW 1.958trn in sales, KRW 279bn in business profits and KRW 242.5bn...
2020-05-19 09:09:10
MacGregor received equipment orders [Offshore]
MacGregor, part of Cargotec, announced on May 13 that it has received equipment orders for a total of four offshore wind service vessels which will expand the Edda Wind fleet, the offshore wind segment of the Østensjø Group. The order was booke...
2020-05-18 09:50:12
Wärtsilä contracts for 4 ships' performance with KOTC [Equipment]
The technology group Wärtsilä announced on May 13 that it has been contracted to upgrade the performance of four vessels owned by Kuwait Oil Tanker Company (KOTC), a subsidiary of Kuwait Petroleum Company (KPC), by retrofitting the Wärtsilä...
2020-05-18 09:41:53
Thun Tankers orders product tanker [Shipbuilding]
Thun Tankers BV recently announced it has placed an order for a second 4,250-deadweight product tanker. The ordered tanker will be delivered May 2022 and will together with her previously ordered sister enter into a long-term agreement with UK ba...
2020-05-18 09:38:18
Japan’s first LBV launches [Offshore]
NYK announced on May 13 that Japan’s first LNG bunker vessel (LBV) was successfully launched at the Sakaide Works of Kawasaki Heavy Industries Ltd. The LBV is scheduled to be delivered at the end of September 2020 and will be the first LBV t...
2020-05-18 09:33:29
Government of the republic of Estonia approved loan terms [Finance]
Tallink Grupp announced on May 8 that the Government of the Republic of Estonia approved the terms of a working capital loan to AS Tallink Grupp. The total amount of the loan limit is EUR 100 million and the loan can be issued in EUR 10-40 millio...
2020-05-18 09:27:41
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