COSCO nets deals for four new vessels [Shipbuilding]
COSCO Corporation (Singapore) Limited (the “Company”) conveyed on March 1 that COSCO (Qidong) Offshore Co., Ltd (“COSCO Qidong”), a subsidiary of the Company’s 51% owned COSCO Shipyard Group Co., Ltd, has secured a contract from a Europ...
2017-03-03 10:02:37
Royal IHC wins one suction dredger [Shipbuilding]
Royal IHC (IHC) informed on February 28 that it has been awarded a contract for the design, construction and delivery of the 44,180kW self-propelled cutter suction dredger (CSD) SPARTACUS, for DEME in Belgium. The newly built CSD will be 164 metr...
2017-03-03 07:42:03
BP updates details of strategy [Finance]
On February 28, BP updated the financial community on details of its strategy and, in particular, medium-term plans for the next five years, based on oil prices similar to where they are today. Following a presentation on the day in London, BP ma...
2017-03-03 07:39:35
Vard saw significant improvement of loss [Finance]
On March 1, Vard Holdings Limited (“VARD”, and together with its subsidiaries, the “Group”) announced its financial results for the fourth quarter ended December 31, 2016 (“4Q 2016”), and full year ended December 31, 2016 (“FY 2016...
2017-03-03 07:35:42
Total-Petrobras reach strategic alliance [Offshore]
Petrobras and Total informed on March 1 that they have signed definitive contracts in relation to the package of assets contemplated in the Strategic Alliance, as defined in the December 21, 2016 Agreement.    The contracts seal the S...
2017-03-03 07:28:19
McDermott to provide tieback work [Offshore]
McDermott International announced on March 1 that it won a contract from Hess Corporation for subsea tieback work for its deepwater Penn State Deep (PSD) field in the Gulf of Mexico.  “This marks our first project with Hess Corporation ...
2017-03-03 07:24:26
DHT secures financing for VLCC duo [Finance]
DHT Holdings, Inc. ("DHT") announced on March 1 that it has secured bank financing for the two 318,000 dwt VLCCs newbuildings scheduled to be delivered in July and September 2018 from Hyundai Heavy Industries.   The financing will cover a...
2017-03-03 07:22:19
Hempel sets up new center in North America [Equipment]
Hempel inaugurated its new North American Central Distribution Centre (CDC) on February 27. This significant addition to Hempel’s worldwide network further demonstrates its continuing commitment to bring trusted solutions closer to its customer...
2017-03-03 07:20:14
EMAS CHIYODA to seek financial restructuring [Finance]
EMAS CHIYODA Subsea Limited (“ECS”) announced on February 28 that ECS and certain subsidiaries (the “Company”) have filed voluntary petitions for reorganisation under chapter 11 of the U.S. Bankruptcy Code to facilitate the Company’s fi...
2017-03-03 07:17:45
Inmarsat-Radio Holland made service agreement [Equipment]
Inmarsat announced on February 28 that it has signed a service and installation agreement with Radio Holland to support strong customer demand for rapid migration from Ku-based XpressLink to Fleet Xpress services. Radio Holland is an expert in in...
2017-03-03 07:13:24
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