China still needs more new orders [Market Information]
Chinese shipbuilders are seeing an upturn in new ship contracting early this year on the strength of a slight recovery trend in the global shipping industry. However, a decrease in their backlog still continues while the overall industry conditio...
2017-03-24 17:36:23
NB deliveries dropped sharply in Feb [Market Information]
It emerged that 301 newbuildings of a combined 23.2m dwt (6.9m cgt) were delivered into the world fleet from January to February, 2017, representing a 12% increase in dwt terms, compared to new ship deliveries recorded during the same period a ye...
2017-03-24 17:32:12
Japan shows strength despite orderbook downturn [Market Information]
The global newbuilding orderbook stood at 3,452 units, 202.60m dwt (81.20m cgt) as of the end of February this year, a decrease of around 30% against a year ago. Clarkson Research reported that the decline in the orderbook comes from the weakn...
2017-03-24 17:29:04
Global NB orders almost doubled [Market Information]
In this year to February, newbuilding order intakes of global shipyards recorded 68 vessels of a combined 3.4m dwt (1.8m cgt), increasing by around two times year-on-year on an annualized basis in dwt terms. According to Clarkson Research, ord...
2017-03-24 17:27:06
TechnipFMC snares African onshore deal [Offshore]
TechnipFMC announced on March 21 that it has been awarded a contract by ENI Ghana E&P Limited (a subsidiary of ENI, Ghana National Petroleum Company (GNPC) and Vitol), for the onshore part of the Offshore Cape Three Points (OCTP) development ...
2017-03-24 07:36:32
4Subsea to support subsea installation works [Offshore]
4Subsea announced on March 22 that it will deliver services and research projects related to structural integrity of fixed and floating offshore installations. The contract with Statoil covers the entire range of 4Subsea’s services; from oil...
2017-03-24 07:33:46
GE Oil & Gas opens new African facility [Offshore]
GE Oil & Gas (NYSE: GE) opened a new facility in Takoradi Port, Ghana, on March 22, expanding its global footprint and supporting local investment. The company committed to deliver more than 45,000 training hours for Ghanaian personnel over t...
2017-03-24 07:30:21
Maersk Oil makes agreement on Tyra field [Offshore]
Maersk Oil announced on March 22 that it reached an agreement, on behalf of the Danish Underground Consortium (DUC), with the Government of Denmark which will facilitate future oil and gas investments in the Danish North Sea and protect industry ...
2017-03-24 07:26:52
Damen bags one fisheries research vessel [Shipbuilding]
Damen Shipyards Group announced March 22 that it has signed a contract with the German Federal Office for Agriculture and Food (Bundesanstalt für Landwirtschaft und Ernährung, BLE) for the construction of a Fisheries Research Vessel.  T...
2017-03-24 07:24:06
US Navy selects MAN engine [Equipment]
The US Navy turns out to have chosen the Fairbanks Morse MAN 12V48/60CR engine as main propulsion for a new series of 17 ships as it begins plans to phase out its existing tanker fleet. Known colloquially as ‘oilers’, the existing aging fleet...
2017-03-24 07:21:04
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