Total launches development of the Giant Libra Field [Offshore]
Total announced on December 18 that it has taken the investment decision for the first large-scale development phase of the Libra project, located deep offshore, 180 kilometers off the coast of Rio de Janeiro, in the pre-salt area of the Santos B...
2017-12-20 07:18:33
McDermott and CB&I to Combine [Offshore]
McDermott International, Inc. (NYSE:MDR) and CB&I (NYSE:CBI) announced on December 18 that the companies have agreed to combine in an all-stock transaction to create a premier fully vertically integrated onshore-offshore company, with a broad...
2017-12-20 07:18:09
Damen-Concordia group join forces [Shipbuilding]
On December 15th, Damen Shipyards Group and Concordia Group signed a joint venture agreement with the purpose of cooperating in the construction and trade of inland waterway vessels. The joint venture will operate under the name Concordia Damen S...
2017-12-20 07:16:49
Vard secures contract for cruise icebreaker [Shipbuilding]
Vard announced on December 18 that it have secured a contract for the design and construction of one luxury polar expedition cruise vessel for French cruise company PONANT. The contract value is approximately NOK 2.7 billion.   The uniqu...
2017-12-20 07:16:07
Foreship predicts 'one third' will opt for scrubbe [Equipment]
Shipowners weighing up their future marine fuel choices after the 2020 IMO 0.5% sulphur cap should also consider oil company expectations that up to 30% of commercial shipping will gravitate back to high sulphur fuel oil by 2030, according to lea...
2017-12-20 07:15:42
US DOE announces support offshore wind research [Offshore]
On December 12, U.S. Secretary of Energy Rick Perry announced $18.5 million in new Department of Energy (DOE) funding for an offshore wind research and development (R&D) consortium that will conduct U.S.-specific research aimed at reducing th...
2017-12-20 07:15:18
Continued support for sustainable ship recycling in Banglade [Shipbuilding]
The second phase of an IMO-implemented project to enhance safe and environmentally sound ship recycling in Bangladesh is set to begin in January, following a US$1.1 million funding agreement with Norway. The two-year project will build on the ...
2017-12-20 07:14:49
COMEC won seven domestic tankers [Shipbuilding]
CSSC Offshore & Marine Engineering (Group) Company(COMEC), a Chinese state-run yard is awarded seven new tankers from COSCO Shipping Energy Transportation (CSET) a compatriot shipping company. According to COMEC, the order package consists...
2017-12-20 07:14:22
Dreifa pushes ahead with PSV to FRU conversion [Offshore]
Norway-based Dreifa Energy turns out to have been seeking a suitable shipyard for  the conversion of a platform supply vessel (PSV) into an LNG floating regasification unit (FRU). Jostein Ueland, co-founder of Dreifa Energy, has recently...
2017-12-20 07:13:55
Fujian Mawei bags one PC newbuilding [Shipbuilding]
China's Fujian Mawei Shipbuilding seems to have been commissioned by Heng Tong Fuels & Shipping to build one new product carrier (PC).  According to Clarksons, a contract signed by the two Chinese companies is for the construction of ...
2017-12-20 07:13:34
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