Samsung adds LNGC at the final stage of 2017 [Shipbuilding]
Samsung Heavy Industries of Korea has added one more newbuilding to its 2017 new contracts tally, which had already surpassed the target of the year. The global shipbuilding giant has agreed with a foreign LNG carrier operator to sign a 180,...
2017-12-28 09:54:57
HHI displays confidence with higher numbers [Shipbuilding]
Through a regulatory filing on December 26, Hyundai Heavy Industries (HHI) estimates its 2017 revenue as KRW15.3765trn, operating profit as KRW46.9bn. Therefore Q4 this year is expected to see KRW360bn of loss in operating deficit. It predicted 2...
2017-12-28 09:52:50
KHI cancels a shipbuilding contract [Offshore]
Kawasaki Heavy Industries, Ltd. (hereinafter “KHI)” announced on December 26 that it has decided at its Board of Directors meeting held today, to terminate by agreement its shipbuilding contract for the top hole drilling/light well interventi...
2017-12-28 07:25:52
ABS grants AIP to multiple Chinese products [Equipment]
On December 21 and 22, ABS announced that it granted AIP to multiple Chinese marine products, including LNG power vessel, Very Large Ethane Carrier Concept, Advances Tension Leg Platform Concept, and Self-Elevating Unit. 1. LNG Power Vessel ...
2017-12-28 07:23:34
Drone technology for safer tug operations [Shipping]
KOTUG has applied for a patent to use drone technology in its tug operations, in its ambition to achieve safer and more efficient working conditions. This pioneering invention - using a drone to connect the towline to an assisted vessel - will dr...
2017-12-28 07:22:17
Petrobras-Statoil sign strategic partnership [General]
Petrobras reports that it has signed, with the Norwegian company Statoil, the contracts related to the assets of the strategic partnership, in continuity with the Heads of Agreement (“HoA”) signed and disclosed on 9/29/2017. The main signe...
2017-12-28 07:21:22
MOL develops AR for autonomous navigation [Shipping]
Mitsui O.S.K. Lines, Ltd. (MOL; President & CEO: Junichiro Ikeda) announced on December 26 an agreement with Furuno Electric Co., Ltd. (President: Yukio Furuno; Headquarters: Nishinomiya-shi, Hyogo Prefecture) and MOL Techno-Trade, Ltd. (Pres...
2017-12-28 07:20:18
MPI Contractors signs contract with Eneco [Offshore]
MPI Contractors B.V. has signed a contract with Eneco Windmolens Offshore B.V. on December 22 to provide offshore transport and lifting services during main component replacements planned for wind turbines in the Prinses Amaliawindpark. This Agre...
2017-12-28 07:18:59
HMD expected to make loss in 4Q [Shipbuilding]
Hyundai Mipo Dockyard (HMD) announced on December 26 that the Korean shipbuilder's revenue and operating profit for this year are estimated to reach KRW 2.3956trn (approximately $) and 79bn, respectively, with a prospective revenue of KRW 2.76trn...
2017-12-28 07:17:21
Shipping seizes good change in 10 years? [Shipping]
In next year's global shipping company, it is expected that the growth of demands would surpass supply expansion for the first time in 10 years. According to a report written by Randy Giveans and Christopher Robertson at Jefferies, LNG and oil...
2017-12-28 07:16:46
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