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Performance eyes aframax growth after selling boxship
[Shipping]
Performance Shipping Inc. (NASDAQ: PSHG), (the “Company”), a global shipping company specializing in the ownership of vessels, announced on August 20 that through a separate wholly-owned subsidiary, it has signed a Memorandum of Agreement t...
2020-08-27 09:31:33
SBM Offshore to sell DSCV
[Shipping]
SBM Offshore announced on August 21 that it is the long-term charterer of the diving support and construction vessel (DSCV) SBM Installer under a contract ending in 2026. The Company has 25% equity ownership in the entity holding the vessel, OS I...
2020-08-27 09:25:39
KSOE to sell its boiler arm
[Finance]
Korea Shipbuilding & Offshore Engineering (KSOE) is to dispose of its industrial boiler designing and manufacturing arm Hyundai Heavy Industries (HHI) Power Systems. The sub-holding company of HHI Group, which is in charge of shipbuilding ...
2020-08-27 09:08:39
DSME's own technology used in FSU
[Offshore]
Daewoo Shipbuilding & Marine Engineering (DSME) installs self-developed LNG re-liquefaction system in two 360,000 cbm floating storage units (FSUs) awarded last June by a Russian shipowner. The new system re-liquefies natural gas tha...
2020-08-27 09:07:51
SHI wins 2 VLECs
[Shipbuilding]
Samsung Heavy Industries (SHI) announced in a regulatory filing on August 25 that it has secured two 98,000 dwt very large ethane carriers (VLECs) at around $220m from a shipowner based in Asia. VLEC is designed to export ethane which comes fr...
2020-08-27 09:07:03
KSOE nets two VLECs
[Shipbuilding]
Korea Shipbuilding & Offshore Engineering (KSOE) has secured two very large ethane carriers (VLECs) worth $220m. KSOE announced in a regulatory filing on August 25 that it has entered into an agreement for the construction of two 980,000 d...
2020-08-27 09:06:04
Singapore clears HHI-DSME merger
[Shipbuilding]
Korea Shipbuilding & Offshore Engineering (KSOE) announced on August 25 that it has been notified ‘unconditional approval’ on a proposed merger of Hyundai Heavy Industries (HHI) and Daewoo Shipbuilding & Marine Engineering (DSME) from...
2020-08-27 09:04:54
Norled’s latest hybrid ferry commences operations
[Equipment]
SCHOTTEL recently announced that "Festøya", the first of a total of four SCHOTTEL-equipped hybrid ferries for Norwegian ferry operator Norled, has recently entered operation. Each of the four double-ended RoPax ferries built at the Remontowa shi...
2020-08-26 09:48:22
Eastern Shipbuilding cuts steel for dredger
[Shipbuilding]
Eastern Shipbuilding Group, Inc. announced on August 22 that Eastern commenced steel cutting for R.B. WEEKS, ESG Hull 258, a new Trailing Suction Hopper Dredger for Weeks Marine, Inc. on August 19, following the contract signing four (4) months e...
2020-08-26 09:41:57
Maersk Drilling nets another one-well contract from Aker BP
[Offshore]
Maersk Drilling announced on August 20 that it has been awarded an additional one-well contract from Aker BP for the low-emission jack-up rig Maersk Integrator. In direct continuation of its previously announced work scope, the rig will move to t...
2020-08-26 09:34:36
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