HHI Group rounding off rebuilding [Shipbuilding]
Hyundai Heavy Industries (HHI) Group is putting the final piece of its grand scheme of restructuring which has been carried out since the end of last year. HHI also seems to have almost finished its management improvement plan with the recapita...
2017-12-27 14:59:13
SHI to secure RG in rotation [Finance]
Eight Korean banks are set to issue refund guarantees (RGs) to Samsung Heavy Industries (SHI) in rotation.   As it becomes the second beneficiary of the rotating RG issuing system after Hyundai Heavy Industries (HHI) which has the st...
2017-12-27 13:43:08
Sembcorp Marine to sell West Rigel [Offshore]
Sembcorp Marine Ltd (“the Company”) announced on December 26 that its wholly-owned subsidiary Jurong Shipyard Pte Ltd (“JSPL”) has signed an agreement for the sale of the semi-submersible rig West Rigel (“Rig”) to a buyer at a price o...
2017-12-27 07:08:56
McDermott awarded EPCC contract [Offshore]
McDermott International, Inc. (NYSE:MDR) announced on December 22 a substantial contract award from Mærsk Olie og Gas A/S (Maersk Oil) for engineering, procurement, construction and commissioning (EPCC) services for the Tyra Redevelopment projec...
2017-12-27 07:07:57
Delivery of World’s First Barge-Based FSRU [Offshore]
EXMAR takes delivery of World’s First Barge-Based FSRU and secures long-term employment for the unit. EXMAR is pleased to announce that the Company has taken final delivery of the world’s first barge-based floating LNG storage and re-gasif...
2017-12-27 07:06:50
Keppel reaches global resolution with authorities [General]
Keppel Corporation Limited (Keppel Corporation or Keppel) on December 23 confirmed that KOM has reached a global resolution with criminal authorities in the United States, Brazil and Singapore in relation to corrupt payments made by KOM's former ...
2017-12-27 07:06:19
GTT receives order from Korean yard [Equipment]
GTT announced on December 22 that it has received an order from a South Korean shipyard regarding the design of the LNG tanks of 3 new LNG carriers. The deliveries are due in the first semester of 2020. GTT will design the LNG tanks of the uni...
2017-12-27 07:05:04
Damen’s ballast water treatment service expands [Shipping]
Damen announced on December 20 that ship owners are now able to treat their unmanaged ballast water or load cleaned ballast water in eight different Northern European ports using Damen’s unique IMO certified InvaSave ballast water management sy...
2017-12-27 07:03:59
Wärtsilä HY hybrid module for Swedish tug [Equipment]
The technology group Wärtsilä annouced on December 19 that it will supply two Wärtsilä HY 2 hybrid power modules for a new escort tug being built for the Swedish port of Luleå located on the Gulf of Bothnia in the northern end of the Baltic ...
2017-12-27 07:02:52
Techcross wins approvals from Greece & Panama [Equipment]
Techcross, a Korean leading ballast water treatment system (BWTS) manufacturer, has recently announced that the company received type approvals from Greece and Panama for its ECS (Electro-Cleen™ System) products last month.  The type ...
2017-12-27 07:01:53
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