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Offshore
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Market Information
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Korea reaches record high in ship exports
[Market Information]
Korea posted the second highest exports ever last April, with an all time high of ship exports. The Ministry of Trade, Industry and Energy (MOTIE) of Korea announced on May 1 that Korean exports reached $51bn (provisional) last April, up by 24...
2017-05-04 17:09:54
Global NB delivery slightly up in 1Q
[Market Information]
Newbuilding delivery of global shipbuilders during the first three months of 2017 totaled 436 vessels and 32.7m dwt (9.9m cgt), up 3% from the same period last year. However, the annual delivery in 2017 is expected to be 92m dwt, 8% less than the...
2017-05-04 17:07:51
World's orderbook plummeted by 31%
[Market Information]
Global newbuilding orderbook stood at 3,363 units, 195.40m dwt (79.70m cgt) as of the end of March this year, showing a sharp decrease of 31% year-on-year. The March figure also showed a 3.5% drop against the previous month. According to Clark...
2017-05-04 17:07:19
Seadrill to sell three Jack-ups
[Offshore]
Seadrill Limited announced on May 1 that it has reached an agreement with Shelf Drilling to sell the West Triton, West Resolute and West Mischief for a total consideration of $225 million subject to customary closing conditions. The West...
2017-05-04 07:28:50
DW Monday: Unpicking the Outlook for the OFS Sectors
[Offshore]
The oilfield service industry can, at times, be intimidating in its complexity and depth. Furthermore, mega-mergers (e.g. GE – Baker, Technip – FMC, Wood Group – Amec Foster Wheeler) have created a supply chain that no-longer has homogenous...
2017-05-04 07:26:51
Jotun develops new maintenance coating system
[Equipment]
Jotun conveyed on May 1 that the company has developed a unique maintenance coating system offering offshore operators the optimum in protection, durability and ease of application, while reducing costs. The new range – which consists of the Ba...
2017-05-04 07:24:15
Kongsberg-Stress Engineering join hands
[Offshore]
Kongsberg Maritime announced on April 28 that its North American division Kongsberg Maritime Inc. and Houston headquartered Stress Engineering Services (SES) have formed a strategic alliance to better serve existing and new clients with cost effe...
2017-05-04 07:22:22
Wilhelmsen takes over Drew Marine's business
[General]
It turned out that Wilhelmsen has recently signed an agreement to acquire the technical solutions business from Drew Marine, a leading manufacturer and provider of advanced performance chemicals and technical solutions to the maritime industry. ...
2017-05-04 07:19:16
Keppel completes 12th FPSO to BW Offshore
[Offshore]
Keppel Offshore & Marine's (Keppel O&M) wholly-owned subsidiary, Keppel Shipyard Ltd (Keppel Shipyard), is on track to deliver a Floating Production Storage and Offloading (FPSO) vessel to BW Catcher Limited, a wholly-owned subsidiary of ...
2017-05-04 07:17:15
VARD bags one research expedition vessel
[Shipbuilding]
VARD announced on May 1 that it signed a contract for the design and construction of one Research Expedition Vessel for Rosellinis Four-10. Rosellinis Four-10 is wholly-owned by the Norwegian industrialist Kjell Inge Røkke and his family. Dev...
2017-05-04 07:15:28
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