"Standardisation can help enable the digital transformation" [Shipping]
Classification society DNV GL announced on November 17 that it has released a new position paper setting out the importance of standardisation in enabling the growth of digital applications in the maritime industry. Drawing from the experiences g...
2017-11-21 07:22:38
MPA introduces IT service enhancements [General]
More than 4,600 ships flying the Singapore flag will benefit from service enhancements to be introduced from November 2017 by the Maritime and Port Authority of Singapore (MPA). Singapore-incorporated maritime companies will also receive assistan...
2017-11-21 07:21:27
Wison-Shanghai Electric for Floating LNG Power [Offshore]
Wison Offshore & Marine ("Wison") today announced on November 17 that it has signed a Memorandum of Understanding ("MOU") on strategic cooperation with Shanghai Electric Power Generation Group ("Shanghai Electric"). Two parties will join thei...
2017-11-21 07:19:42
Emerson Launches New Operations Consulting Group [General]
Reinforcing its commitment to help industry recover an estimated $1 trillion in lost operational performance annually, Emerson (NYSE: EMR) recently announced a new Operational Certainty consulting business that helps manufacturers integrate Indus...
2017-11-21 07:18:40
Rivertrace head to Marintec [Equipment]
Rivertrace, producers of water quality monitoring products, announced on November 17 that it will be showcasing their Smartsafe ORB and Smart ODME, during Marintec.   Smartsafe ORB The Oil Record Book Bilge Overboard Security system (Smar...
2017-11-21 07:17:13
PG secures wellboat pump deals [Equipment]
Liquid handling and pump expert PG Flow Solutions (PG) announced on November 14 that it secures new wellboat contracts for its high capacity seawater circulation pump.   PG Flow Solutions will deliver the seawater circulation pumps to Sefi...
2017-11-21 07:16:20
Norges Bank recommends against oil stocks [Finance]
In a letter to Ministry of Finance on November 16, Norges Bank recommends the removal of oil and gas stocks from the GPFG's benchmark index. In the Bank's view, this will make the government's wealth less vulnerable to a permanent drop in oil and...
2017-11-21 07:15:34
Penguins FPSO builder selected [Offshore]
Shell and ExxonMobil signed LOI with Fluor to build Sevan Marine-design Floater for Penguins FPSO at the North Sea. According to industry and media, the FPSO features 400,000 barrel of storage and 12,000-14,000 tons of topside and will be buil...
2017-11-21 07:02:28
KR boosting moral integrity [General]
KR (Korean Register of Shipping) held oath ceremony for integral and fair practice on November 20. A recent case of corruption of an inspector of a foreign classification society has raised the alarm for the integral, transparent practice of c...
2017-11-21 07:01:37
"Order rally awaits in 2018" [Shipbuilding]
An industry analyst predicted that 2018 will see 54.3% of an increase in merchant ship ordering from 2017’s estimated 429 units to 662 units. According to this prediction, 237 units of tankers, 210 units of bulkers, 95 units of container ships,...
2017-11-21 07:00:19
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