HZ Group got LNGBV passed gas trial [Shipbuilding]
Chinese Hudong-Zhonghua Shipbuilding (HZ Group)’s LNG bunkering vessel (LNGBV), which is the world’s largest and built by HZ Group, has successfully passed gas trial.    According to industry sources and Tradewinds, this 18,600-cb...
2020-05-12 09:13:38
Lamprell consolidates its shipyards [Shipbuilding]
Lamprell, a manufacturer of onshore and offshore drilling production facilities, has recently been announced that it is consolidating its operations in one yard. According to industry sources and foreign media, Lamprell’s Dubai Yard does not...
2020-05-12 09:10:47
Sale of Dae Sun accelerated [Finance]
The sale of Dae Sun Shipbuilding & Engineering which entered into a voluntary agreement with creditors in 2010 is accelerated.  According to Korean investment bank industry, the Korea Eximbank (KEXIM), the main creditor bank of Dae Su...
2020-05-12 09:09:44
Korea saw 60% downturn in ship exports [Market Information]
Korea logged $36.92bn (24.3% year-on-year decrease) of the export result, with $37.87bn of imports (15.9% y-o-y decline) and $6.9bn loss in the balance of trade in April.  The Ministry of Trade, Industry, and Energy (MOTIE) explained that...
2020-05-12 09:07:14
Korea saw 60% downturn in ship exports [Shipbuilding]
Korea logged $36.92bn (24.3% year-on-year decrease) of the export result, with $37.87bn of imports (15.9% y-o-y decline) and $6.9bn loss in the balance of trade in April.  The Ministry of Trade, Industry, and Energy (MOTIE) explained that...
2020-05-12 09:06:33
Foreship starts project Hygiea to keep Covdi19 off [General]
Leading naval architecture and marine engineering firm Foreship announced on May 7 that it has devised an initiative to limit the presence and spread of coronavirus and other pathogens on passenger ships and get the cruise sector back up and runn...
2020-05-11 09:33:03
McDermott gets contract for LPG Spheres [Offshore]
McDermott International, Inc. announced on May 6 that CB&I Storage Solutions has been awarded a sizeable contract for four liquefied petroleum gas (LPG) spheres for an energy infrastructure project in the Caribbean region.  - McDe...
2020-05-11 09:30:36
Petrofac awarded UK renewals totalling US$100m [Offshore]
Petrofac’s Engineering & Production Services business (EPS) announced on May 6 that it has been awarded two three-year renewals in the UK, worth a combined total of more than US$100 million. Both awards come with options to extend beyond th...
2020-05-11 09:25:25
Maersk Supply Service reduces its onshore costs [General]
In response to the negative development in the oil and gas industry, Maersk Supply Service announced on May 6 that it will reduce its onshore costs by 30 percent. Approximately 55 people will be affected globally, with the majority being in the...
2020-05-11 09:23:23
DNV GL & AOT signs MoU to spur digital transformation [Shipbuilding]
The world’s leading classification society DNV GL announced on May 4 that DNV GL and technology company Alpha Ori Technologies (AOT) have signed a Memorandum of Understanding (MoU) in which they agree to work together to contribute to the marin...
2020-05-11 09:19:18
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