"DSME holds reduced receipt" [Shipbuilding]
On November 16, Daewoo Shipbuilding & Marine Engineering (DSME) reported through a regulatory filing that the contract price for five container ships for a European operator it won on September 20 reduced from KRW926.6bn to KRW779.7bn. At ...
2017-11-16 15:18:54
DHIC considering selling Doosan Engine [Finance]
Doosan Heavy Industries & Construction (DHIC) announced on November 16, "We are considering selling our stakes in Doosan Engine. However, nothing is fixed yet." The Korean conglomerate also commented on September 26 last year, "We do not p...
2017-11-16 13:35:23
Additive Manufacturing innovates marine industry [General]
Sembcorp Marine, DNV GL, A*STAR’s Singapore Institute of Manufacturing Technology (SIMTech) and National Additive Manufacturing Innovation Cluster (NAMIC) announced on November 9 that they signed a Memorandum of Understanding (MOU) to develop d...
2017-11-16 07:16:39
Investment by ICBCL in BW CATCHER [Offshore]
BW Offshore Limited (BWO) announced on November 14 that it has now closed an agreement with a nominee of the financial leasing firm, ICBC Financial Leasing Co., Ltd. (ICBCL), whereby such nominee becomes an equity partner in BW Catcher Limited, w...
2017-11-16 07:15:50
Purchase of 49% stake in BW Integrity by Mitsui [Offshore]
BW Group Limited and Mitsui & Co. announced on November 14 the formation of a Joint Venture (JV) to jointly own the Floating Storage and Regasification Unit (FSRU) BW Integrity. Mitsui & Co. has purchased a 49% share in BW Integrity, and ...
2017-11-16 07:15:33
GTT receives an order to design LNG tanks of FSRUs [Equipment]
GTT announced on November 14 that it has received an order from the Chinese shipyard Hudong-Zhonghua Shipbuilding (Group) Corp. Ltd. This contract relates to two dual purpose vessels capable of operating as efficient LNG Carriers and Floating Sto...
2017-11-16 07:15:08
Kleven-Lürssen sign contract for explorer vessel [Shipbuilding]
Norwegian shipbuilder Kleven announced on November 14 that it has signed a contract with Lürssen, the world’s leading designer and builder of large luxury yachts, on the delivery of an 100m long Explorer Vessel for a non-disclosed customer. ...
2017-11-16 07:14:49
Inmarsat launches SafetyNET II [Equipment]
Inmarsat announced on November 14 that it has launched a vital new service, SafetyNET II, for Maritime Safety Information Providers (MSIPs), marking a key stage in upgrading the Global Maritime Distress and Safety System (GMDSS), which helps to s...
2017-11-16 07:14:15
Europort confirms role as international maritime business hu [General]
Europort stated on November 14 that Europort’s vital role as a hub for global maritime business was reflected in its continuing attractiveness to international visitors and a series of business deals signed while the 2017 event was in session.&...
2017-11-16 07:13:52
Pacific-SHI battle to be end in 2018 [Offshore]
It is expected that a legal battle regarding the cancellation of one drillship between Pacific Drilling and Samsung Heavy Industries (SHI) will be settled early next year.   According to Chapter 11 application filed by New York-listed floa...
2017-11-16 07:13:26
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