Daesun seeking strategic investor [Finance]
KEXIM (The Export-Import Bank of Korea) is seeking strategic investors among domestic shipping companies for Daesun Shipbuilding & Engineering. According to industry sources, KEXIM is planning to open a prospectus early this month for do...
2017-12-05 14:04:43
Vard secures contract for seven stern trawlers [Shipbuilding]
Vard announced on December 3 that it have secured contracts for the design and construction of seven stern trawlers for four Icelandic shipowners: Bergur-Huginn, Utgerdarfelag Akureyringa, Gjögur and Skinney-Thinganes. The total contract value i...
2017-12-05 07:16:34
Ocean Yield announces investment in three suezmax tankers [Finance]
Ocean Yield ASA recently announced that the Company has agreed to acquire three suezmax crude tankers with 10-year bareboat charters to Nordic American Tankers Limited ("NAT"). The net purchase price is USD 43.2 million per vessel after seller's ...
2017-12-05 07:14:28
Saipem awarded new offshore contract in Saudi Arabia [Offshore]
Saipem announced on November 30 that it has been awarded a new E&C Offshore contract by Saudi Aramco for Engineering, Procurement, Construction (EPC) activities in Saudi Arabia, under the Long Term Agreement renewed in 2015 until 2021. The co...
2017-12-05 07:14:02
NOVATEK signed MOU with Total-Siemens on Vietnam coop [General]
PAO NOVATEK announced on December 1 that its subsidiary NOVATEK Gas and Power Asia Pte Ltd signed a Memorandum of Understanding (MOU) with Total Gas & Power Business Services S.A.S and Siemens Aktiengesellschaft. The MOU defines the partie...
2017-12-05 07:13:40
New VIKING MES cuts servicing costs [Equipment]
Mandatory servicing of marine evacuation systems (MES) on board passenger vessels is both costly and labour-intensive. At Marintec 2017, VIKING will introduce visitors to its latest MES solution that enables shipowners and operators to significan...
2017-12-05 07:13:21
IMO Assembly elects new 40-Member Council [General]
The Assembly of the International Maritime Organization announced on December 1 that it has elected the following States to be Members of its Council for the 2018-2019 biennium: Category (a) 10 States with the largest interest in providing int...
2017-12-05 07:12:56
MHI reorganize business [General]
Since April, Mitsubishi Heavy Industries, Ltd. (MHI) has been reorganizing its domains with the aims of pursuing group synergies and radically reforming its commercial aircraft and commercial ship businesses, in a quest to strengthen its global c...
2017-12-05 07:12:18
Japanese yards faced with 'hard construction' [Shipbuilding]
There has recently been a string of hard construction cases in Japanese shipbuilding industry. According to Japan's local press, shipyards in the country have difficulties in the construction of ships awarded with their new technologies and 'p...
2017-12-05 07:11:44
Busan companies clinch $6m deals in UAE [Equipment]
Busan Metropolitan City and the Busan Economic Promotion Agency (BEPA) have recently announced that they set up their own pavilion in 'the Abu Dhabi International Petroleum Exhibition and Conference 2017 (ADIPEC 2017)' and had eight Busan local s...
2017-12-05 07:11:22
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