HMD lands deal for 2+2 ethylene carriers [Shipbuilding]
Solvang and partners announced on March 24 that they signed a shipbuilding contract with Hyundai Mipo Dockyard for two 21,000 cbm ethylene carriers, and have the option to extend the order with additional two vessels. The ships are designed fo...
2017-03-27 07:28:29
Saipem-Siemens to cooperate for subsea control system [Offshore]
On March 23, Saipem and Siemens signed a Joint Development Agreement aimed at qualifying and promoting an open standard Subsea Control Systems for Saipem’s Subsea Bus architecture based on Siemens Subsea DigiGrid. Siemens, a world leader in ...
2017-03-27 07:12:12
Chengxi snares new boxship conversion deal [Shipbuilding]
In February 2017 our “Tete Oldendorff” (88,266 tdw, built at Imabari in 2006) entered Chengxi Shipyard in China to be converted to a transloader. Chengxi Shipyard is located in Jiangyin City on the lower reaches of the Yangtze River, and is o...
2017-03-27 07:11:13
MacGregor & Rolls-Royce make R&D collaboration [Equipment]
It has recently turned out that MacGregor, part of Cargotec, and Rolls-Royce have signed a Memorandum of Understanding (MOU) to collaborate on research and development to explore the impact of developments in autonomy for cargo ship navigation an...
2017-03-27 07:10:24
Hempel inaugurated new factory in Kuwait [Equipment]
Global coatings supplier Hempel inaugurated a new factory in Mina Abdullah in Kuwait on March 23. The factory, which meets ISO 9000 quality management guidelines, will meet growing demand for Hempel coatings and consolidate its position as market...
2017-03-27 07:09:37
USC-ZPMC to join hands in equipment field [Equipment]
United Shipbuilding Corporation (USC) and Shanghai Zhenhua Heavy Industry Co., Ltd. (ZPMC) have signed a memorandum of cooperation and joint activities on March 22, in Moscow. The document was signed following the official meeting of USC Presi...
2017-03-27 07:09:01
DHT acquires BW Group's 11 VLCCs [Shipping]
DHT Holdings announced on March 23 that it acquired BW Group's VLCC fleet.   The fleet consists of 11 VLCCs, including two newbuildings due for delivery in 2018. BW Group's VLCC fleet has a value of approximately $538 million at prevai...
2017-03-27 07:08:28
Odfjell inks LOI for new drilling deal [Offshore]
Odfjell Drilling announced on March 23 that it has, on behalf of Golden Close Maritime Corp. Ltd., secured a Letter of Intent (LOI) for a two well contract in South-East Asia for Deepsea Metro I. In January this year,  Odfjell Drilling co...
2017-03-27 07:07:49
HHI CEO elected as KOSHIPA Chairman [General]
The Korea Offshore & Shipbuilding Association (KOSHIPA) selected Kang Hwan-Gu, President of Hyundai Heavy Industries, as a new president. KOSHIPA announced on March 24 that it held an extraordinary general meeting on March 17 to elect Kang...
2017-03-27 07:07:15
KIS downgrades DSME credit rating [Finance]
Korea Investors Service downgraded credit rating of nonguaranteed bond of Daewoo Shipbuilding & Marine Engineering from ‘B’ to ‘B-’. The credit rating agency said on March 24, “The government's restructuring measures have increas...
2017-03-27 07:06:56
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