Eni signs Kazakhstan agreements in upstream & renewable [Offshore]
JSC KazMunayGas (KMG) Chief Executive Officer, Sauat Mynbayev and Eni's CEO, Claudio Descalzi signed an agreement on 22 June 2017 at the Foreign Investors’ Council in Astana. The agreement renews the conditions for the transfer to Eni of 50% of...
2017-06-26 07:19:22
Goldwind and DNV GL sign wind MOU [Offshore]
DNV GL, the world’s largest resource of independent energy experts and certification body, signed a Memorandum of Understanding (MoU) with Goldwind International during the Norway-China Partnership for Low Carbon Energy Transition seminar organ...
2017-06-26 07:17:08
HHLA distributes €46.7m to shareholders [Finance]
The Annual General Meeting 2017 of Hamburger Hafen und Logistik AG (HHLA) resolved to pay a dividend of € 0.59 per listed Class A share for the 2016 Financial Year.  HHLA is therefore distributing a total of € 41.3 million to the shar...
2017-06-26 07:16:09
Safety implications of bunker fuel sulphur limit [Shipping]
International Bunker Industry Association (IBIA) revealed that it contributed to a discussion at the International Maritime Organization (IMO) recently regarding the potential impact on ship safety associated with meeting demand for fuels complyi...
2017-06-26 07:15:07
SBM Offshore wins ExxonMobil Liza FPSO [Offshore]
SBM Offshore announced on June 22, 2017 that ExxonMobil has formally confirmed the award of contracts for the next phase of the Liza project in Guyana. Under these contracts, SBM Offshore will construct, install, lease and operate a floating prod...
2017-06-26 07:14:17
ABS solidifies industry leadership in Greece [General]
ABS, a leading provider of classification and technical services to the marine and offshore industries, unveiled its Global Ship Systems Center and announced the formation of its Hellenic Technical Committee in Athens on Jun 12. “This cuttin...
2017-06-26 07:11:34
One Chinese univ enters shipbuilding business [Shipbuilding]
WUT Ship, a ship design company related to Wuhan University of Technology (WUT) of China, is to establish a joint venture (JV) called 'WUT Guangda Shipbuilding' with Ezhou Guangda Shipbuilding.  WUT Ship will acquire 51% share in the new ...
2017-06-26 07:10:47
Navig8 orders up to 8 tankers from China [Shipbuilding]
The Navig8 group is about to order products carriers (PC) at China’s privately-run shipyard New Times Shipbuilding, said industry officials. According to TradeWinds, the contract would be worth more than $250m, and can be read as a move to r...
2017-06-26 07:09:28
Nam Cheong under pressure for loan payment [Finance]
Malaysia's OSV builder Nam Cheong has recently announced that it received writ of summons from Oversea-Chinese Banking Corporation Limited (OCBC) regarding a delay in the payment of loan.  OCBC claimed against Nam Cheong International (NC...
2017-06-26 07:08:43
Underwater robot verification center opened [Offshore]
On June 16, Underwater Robot Verification Center opened at Pohang, Korea, to verify high-end equipment and promote related R&D.   The center, whose construction was begun in 2014, is in line with The Ministry of Oceans and Fisheries’...
2017-06-26 07:07:38
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