Offshore rig operating rates rebound [Market Information]
It is noteworthy that the offshore drilling facility utilization rate has rebounded in four years in the wake of the ongoing drop in global oil prices, which led to the loss of orders for offshore facilities and the delayed delivery of existing o...
2017-03-31 17:19:00
Poland's FSRU terminal project takes next step [Offshore]
It emerged that GAZ-SYSTEM has accomplished the tendering procedure related the Feasibility Study for FSRU terminal project including preparatory works for project’s implementation. Its results and outcomes will be published by the end of the y...
2017-03-31 07:41:51
Titan inks MOU for proposed investment [Finance]
Titan Petrochemicals Group Limited announced on 28 March that it has entered into a non-legally binding memorandum of understanding (MOU) with EMS Energy Limited (EMS) in relation to a total of SGD10 million potential investment by subscribing th...
2017-03-31 07:38:31
Liebherr supplies 60 cranes to DSME [Equipment]
Liebherr´s ship crane department equips 15 new vessels of the South Korean shipyard Daewoo Shipbuilding & Marine Engineering Co., LTD with one ship set of four units type CBW 2100 each. That means a summarized order volume of 60 Liebherr shi...
2017-03-31 07:31:31
NOVATEK-USC to join hands [Offshore]
In the International Arctic Forum “Arctic: Territory of Dialogue” on March 29, PAO NOVATEK (“NOVATEK”) signed a Memorandum on Strategic Partnership and Cooperation (“Memorandum”) with JSC United Shipbuilding Corporation (USC). Acco...
2017-03-31 07:28:26
ClassNK releases guidelines for LH2 carriers [Shipbuilding]
It turned out that ClassNK has released its Guidelines for Liquefied Hydrogen (LH2) Carriers for the safe constructions and operation of LH2 carriers based on provisions of the IMO Interim Recommendations. The realization of a low-carbon socie...
2017-03-31 07:26:18
YZJ to buy stakes in Nantong Yanhai [Finance]
Yangzijiang Shipbuilding (Holdings) Ltd. (YZJ) stated on March 24 that its wholly-owned subsidiary, Jiangsu New Yangzi Shipbuilding Co. Ltd (JNYS) had subscribed for 30% equity interests in the share capital of Jiangsu Nantong Yanhai Emerging Ind...
2017-03-31 07:24:09
World Fuel Services to supply marine fuel [Shipping]
World Fuel Services (WFS) has recently conveyed that its exclusive agreement to supply marine fuel at the Sunoco Logistics Nederland Terminal in Texas, is now fully operational with effect from March 2017. The exclusive agreement means that WF...
2017-03-31 07:21:10
Kongsberg launches new digital platform [Equipment]
KONGSBERG announced on March 28 that it launched Kognifai, its open and collaborative digital platform that places a world-class portfolio of applications into the cloud. Kognifai focuses on optimizing data access and analysis for customers acros...
2017-03-31 07:19:36
Jeolla shipyards' orderbook down 25% [Shipbuilding]
Both production and exports of the Jeolla province's shipbuilding industry in the first quarter of this year have decreased and concerns are mounting that restructuring will accelerate. According to the analysis of the Bank of Korea, operation...
2017-03-31 07:16:23
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