Songa wins in DSME arbitrations [Offshore]
Reference is made to Songa Offshore's announcements on 21 March 2016, 23 November 2015 and 17 November 2015.     As previously reported, Songa Offshore had submitted its defence to the claims asserted by DSME in arbitrations rela...
2017-07-25 07:43:13
GTT records strong financial performance in 1H [Finance]
GTT (Gaztransport & Technigaz) of France has recently revealed its 2017 first-half results.   Key figures for the first half of 2017 ● 13 orders received during the first six months of the year ● Growth in revenues from serv...
2017-07-25 07:39:22
Subsea 7 extends PLSV deal [Offshore]
On July 21, Subsea 7 S.A. (Oslo Børs: SUBC, ADR: SUBCY) announced the award of contract extensions for three Pipelay Support Vessels (PLSVs) currently on long-term day-rate contracts offshore Brazil. These extensions have a combined value of app...
2017-07-25 07:33:22
Schlumberger to buy 51% shares in Eurasia Drilling [Finance]
On July 20, Schlumberger announced an agreement to acquire a majority (51%) equity interest in Eurasia Drilling Company Limited. Closing of the transaction is subject to approval by the Federal Antimonopoly Service of Russia (FAS). The agre...
2017-07-25 07:31:10
MBS provides flexible procurement service [Shipping]
Having been set up as a solution to the heavy demand for quality and reliable third party procurement services, Marine Buying Services (MBS) is going from strength to strength. With clients hailing from Asia to the Americas and Europe to Austr...
2017-07-25 07:28:40
Logistics vessel with certified Wartsila engine launched [Equipment]
The launch of the L’Astrolabe, a 72 metre polar logistics vessel fitted with a complete Wärtsilä propulsion machinery package and Wärtsilä NOR (NOx Reducer) SCR (Selective Catalytic Reduction) exhaust gas cleaning systems for all the main e...
2017-07-25 07:26:28
HHI delivers new VLCC to Bahri [Shipbuilding]
Already the world’s largest owner and operator of Very Large Crude Carriers (VLCCs), Bahri, a global leader in transportation and logistics, has further expanded its multipurpose fleet with the addition of ‘ASLAF’, a 300,000-dwt carrier bui...
2017-07-25 07:23:24
ABG goes through bankruptcy process [Finance]
India's largest privately-owned shipyard ABG Shipyard is finally going to go through a bankruptcy process due to its default.  It seems that multiple creditors have submitted petitions for the liquidation of the debt ridden company, a Ind...
2017-07-25 07:20:49
Philly signs LOI for 2+2 boxships [Shipbuilding]
Philly Shipyard has entered into a Letter of Intent (LOI) with a blue chip U.S. shipping operating company for the construction and sale of up to four new, cost-efficient and environmentally friendly containerships. They are planned for delive...
2017-07-25 07:20:03
Korea to develop autonomous ship technology [Shipbuilding]
While ship operating technologies are evolving gradually, Korean leading industrial and academic institutes are making efforts to remove errors of judgement in ship operation with advanced ICT technologies.   Moon Kyung-Duk, senior resear...
2017-07-25 07:19:16
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