Korea wins 22 NBs in 1Q [Market Information]
A total of 22 orders of a combined 890,000 cgt have been reported placed at Korean shipbuilders from January to March this year, up more than four times against a year ago. However, there are overriding opinions that the increase is seemingly sig...
2017-04-07 17:21:29
Statoil gets approval for developing Trestakk field [Offshore]
Norwegian authorities have recently approved the Plan for Development and Operation (PDO) of the Trestakk discovery on the Halten Bank in the Norwegian Sea. Investments are calculated at NOK 5.5 billion, almost half of the original estimate. T...
2017-04-07 07:48:21
'LPGreen' concept design revealed [Shipbuilding]
In connection with the Gastech 2017 conference and exhibition in Tokyo, project partners Consolidated Marine Management (CMM), Hyundai Heavy Industries (HHI), Wärtsilä Oil & Gas, and DNV GL presented the results of a joint industry project ...
2017-04-07 07:45:58
DSME-DNV GL presents new LNG carrier design [Shipbuilding]
At the Gastech 2017 conference in Tokyo, Japan, DSME and DNV GL presented the results of a joint development project (JDP) for the design of an innovative, efficient LNG carrier based on today’s technology. The project focused on delivering a d...
2017-04-07 07:42:00
Transocean nets two deals from Statoil [Offshore]
Transocean Ltd. (NYSE: RIG) announced on April 5 that the harsh-environment semisubmersible Transocean Spitsbergen was awarded two contracts with Statoil.  The estimated firm backlog associated with these contracts is $83 million, which e...
2017-04-07 07:38:52
GTT's LPG containment system approved by LR [Equipment]
Both exhibitors at Gastech from 4 to 7 April 2017, GTT and Lloyd’s Register (LR) have joined their respective teams to present to maritime industry professionals the new GTT LPG containment system. On this occasion, a ceremony has been organise...
2017-04-07 07:37:17
XSI wins 1+1 cruise ships [Shipbuilding]
It turned out that Viking Line signed a conditional shipbuilding contract with the Chinese company Xiamen Shipbuilding Industry Co. concerning a new passenger cruise ship for the Turku (Finland)–Åland Islands–Stockholm (Sweden) route, delive...
2017-04-07 07:35:15
Inmarsat FleetBroadband gets IMO approval [Equipment]
The role of Inmarsat (LSE:ISAT.L) as the sole provider of satellite technology performing to Global Maritime Distress and Safety System (GMDSS) standards is set for advancement, after an IMO Sub Committee decided to greenlight consideration of bo...
2017-04-07 07:32:29
Ocean Rig's restructuring approved [Finance]
Ocean Rig UDW Inc. (the “Company” or “Ocean Rig”) announced on April 5 that creditors (the "Supporting Creditors") representing over 75% of the financial creditors of the Company and over 75% of the financial creditors of each of Drillshi...
2017-04-07 07:30:21
SDRL extends restructuring key dates [Finance]
Seadrill Limited ("Seadrill or the Company") announced on April 4 that it has reached agreement with its banking group to extend a series of key dates as part of the Company's ongoing restructuring efforts.   The Company has reached an ag...
2017-04-07 07:26:35
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