Fluor nets FEED deal for compression platform [Offshore]
Fluor Corporation has recently announced that it was selected by BP Trinidad and Tobago (BP) to perform the front-end engineering and design (FEED) for the Cassia Compression Project off the east coast of Trinidad and Tobago. Fluor booked the und...
2017-04-26 07:36:39
Shell and partners to supply funds for pipeline project [Finance]
Shell announced on April 24 that the global energy major and four European companies – ENGIE, OMV, Uniper and Wintershall – signed financing agreements with Nord Stream 2 AG, the company responsible for the planning, construction and future o...
2017-04-26 07:34:29
DOF Subsea buys shares in Canadian Subsea Shipping [Finance]
DOF Subsea AS conveyed on April 24 that it has purchased the remaining shares in Canadian Subsea Shipping Company AS. Before the transaction, DOF Subsea AS owned 45 % of the shares in the Company. Canadian Subsea Shipping Company AS has a newb...
2017-04-26 07:31:48
PALFINGER sets world record [Shipbuilding]
Palfinger Marine has recently announced that it is delivering 24 tenders, 12 lifeboats, 36 davits and six rescue boat stations to a number of ships being built at STX France, and on April 20, marked a huge milestone with a boarding test of the ne...
2017-04-26 07:28:53
BV launches new asset management service [Shipping]
Veristar AIM3D is the evolution of Bureau Veritas' Asset Integrity Management services. Based on Dassault Systèmes 3DEXPERIENCE platform, the new solution combines a digital twin of any marine or offshore assets with smart data in a collaborativ...
2017-04-26 07:22:59
Korea tonnage bank announces its launch [General]
Korea Shipbuilding & Offshore, with a capital of KRW 1trn, will be launched in order to rebuild the domestic shipbuilding and shipping industry. Busan Metropolitan City announced on April 25 that it will hold an inauguration ceremony of Ko...
2017-04-26 07:19:46
Korea gives subsidy information for equipment suppliers [Equipment]
Changwon City of Korea held a briefing session on 'subsidy support for diversifying shipbuilding equipment manufacturers' businesses' on April 19 participated in by 20 small- and mid-sized shipbuilding equipment manufacturers in the city.   ...
2017-04-26 07:18:54
Nam Cheong considers business restructuring [Finance]
Nam Cheong announced through the Singapore Exchange (SGX) on April 23 that the Malaysia's OSV builder is reviewing business restructuring. The company conveyed that it is now discussing several countermeasures to pay back existing loans includ...
2017-04-26 07:17:44
"Hanjin Heavy will eliminate uncertainty" [Shipbuilding]
Hanjin Heavy Industries & Construction is forecasted to be able to eliminate uncertainty this year. Kim Hyun, a researcher at Meritz Securities, said, "In the past decade, Hanjin was unable to discuss the structural changes and corporate v...
2017-04-26 07:17:12
MES' super-sized engine productions grow [Equipment]
Mitsui Engineering and Shipbuilding (MES) has recently announced that the Japanese shipbuilder produced 180 'Mitsui-MAN B&W' low speed engines (3.76m horse powers in total) in 2016 at its Tamano Works.   The results showed a slight up...
2017-04-26 07:16:22
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