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'SEAR JIP' goes to next phase
[Offshore]
Wood Group announced on February 23 that it is commencing the next phase of a collaborative industry effort to develop a better understanding of the reliability of subsea equipment for use in offshore Australia. The Subsea Equipment Australian...
2017-02-28 07:27:33
Sevan-ExxonMobil make partnership
[Offshore]
Sevan Marine ASA announced on February 24 that it has entered into a long term framework agreement with ExxonMobil for the provision of services and use of Sevan Marine’s cylindrical hull technology. Sevan Marine has worked with ExxonMobil s...
2017-02-28 07:23:22
MOL to invest in Seajacks
[Offshore]
Mitsui O.S.K. Lines (MOL) has recently announced a plan to acquire a 5% share in Seajacks International Limited (Seajacks) Group, which owns and operates five Self-Elevating Platform vessels, from Marubeni Corporation. This is a new offshore b...
2017-02-28 07:21:28
Vestdavit mission achieved on Ramform safety
[Shipbuilding]
Seatrials are underway in Japan involving Ramform Hyperion, the last of four ships built to the seismic sector’s all-time highest specifications, completing a project that shows the way distinctive design also demands innovation from the equipm...
2017-02-28 07:19:06
DSME's rating falls to 'B'
[Finance]
The Korea Investors Service (KIS) announced on February 24 that it has downgraded rating of non-guaranteed bonds of Daewoo Shipbuilding & Marine Engineering from 'B+' to 'B'. KIS conveyed, "In limited self-cash generation, the maturi...
2017-02-28 07:15:47
Sevan FPSO delivery around the corner
[Offshore]
It emerged that a floating production, storage and offloading (FPSO) unit (storage capacity of 400,000 bbl) Norway-based Sevan Marine ASA ordered from COSCO (Nantong) Shipyard will be delivered soon. According to overseas press, a design...
2017-02-28 07:14:24
COSCOCS starts restructuring of shipyard businesses
[Shipbuilding]
COSCO Corporation (Singapore) has made an annoucement in relation to the proposed restructuring of shipyard businesses by the China COSCO Shipping Corporation group and the trading suspension of the Company’s securities. COSCO said, ...
2017-02-28 07:13:15
Pan Ocean seeks BC from China
[Shipbuilding]
Pan Ocean turns out to be in talks with a Chinese shipyard for construction of new bulker series. According to TradeWinds, the Korean bulk carrier is having newbuilding negotiation with Singapore-listed Yangzijiang Shipbuilding to build ...
2017-02-28 07:12:14
LNG bunkering seminar held in Korea
[General]
Kim Do-Eup, a Korean Congressman at the Industry and Trade Resources Committee, held 'LNG-fueled ship and bunkering business seminar' on February 21 at Westin Chosun Busan, Busan Metropolitan City of Korea. On the day, Kim said through h...
2017-02-28 07:11:29
NewAge likely to place FLNG at China
[Offshore]
It is said that a consortium comprising of Netherlands-based SBM Offshore and Japan's JGC has beaten other groups in a competition to win 1+1 floating production facilities (FLNGs) to be deployed off Congo-Brazzaville for NewAge of the UK. Acc...
2017-02-28 07:10:37
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