WFW advises Teekay LNG JV [General]
International law firm Watson Farley & Williams (“WFW”) recently announced that it has advised Teekay LNG Partners L.P. (“Teekay LNG”) and its joint venture partner China LNG Shipping (Holdings) Ltd (“CLNG”) on the US$1.6bn long-t...
2018-01-03 07:10:10
SGMF smiles on 2018 [Shipping]
Society for Gas as a Marine Fuel (SGMF) recently released a executive massage regarding to the prospect of LNG as a marine fuel, as following: "There have already been many significant, positive announcements for the gas-fuelled shipping indus...
2018-01-03 07:09:45
Ocean Yield in negotiations for new vessels [Shipbuilding]
Ocean Yield ASA ("Ocean Yield" or the "Company") is currently in negotiations regarding further investments in modern vessels with long term charters. The investments are still subject to board approval and agreement on documentation. Ocean Yi...
2018-01-03 07:09:14
DACKS nets two VLCCs [Shipbuilding]
Through a regulatory filing on December 12, 2017, COSCO Shipping Energy Transportation (CSET) announced that it have ordered two 308,000dwt VLCCs at Dalian COSCO KHI Ship Engineering (DACKS). It is understood that their total value is $160m, w...
2018-01-03 07:08:52
Zvezda expected to create many jobs [Shipbuilding]
It is said that Russia's Zvezda Shipbuilding Complex will create a huge number of jobs.  The Ministry for the Development of the Russian Far East has recently announced that the modern shipyard will create 6,500 new jobs. Aleksandr Pol...
2018-01-03 07:08:32
German LNG fuel program accelerated [Shipping]
Following the previous announcement made last August about a stimulus program to encourage both the construction of new LNG-fueled seagoing ships and the conversion of existing vessels, the Federal Ministry of Transport and Digital Infrastructure...
2018-01-03 07:08:07
11 more charged for STX tragedy [General]
Changwon District Prosecutors' Office charged additional 11 without detention including nine STX employees and two subcontractors, and also charged STX Offshore & Shipbuilding for the fatal explosion in last August. On November 14, 2017, t...
2018-01-03 07:07:48
Kangrim nets domestic scrubber deal [Equipment]
Kangrim Heavy Industries, a Korean shipbuilding·offshore equipment manufacturer, has entered into a contract with its compatriot oil company GS Caltex for the supply of exhaust gas cleaning system (EGCS, SOx Scrubber) which is to be installed in...
2018-01-03 07:07:27
Samjong to consult on Sungdong&STX [Finance]
Samjong KPMG has been chosen to conduct the second phase of due diligence on STX Offshore & Shipbuilding and Sungdong Shipbuilding and Marine Engineering. Last week, according to industrial sources on January 2, the Ministry of Trade, Indu...
2018-01-03 07:06:36
MOL orders one VLGC from KHI [Shipbuilding]
Singapore-based Phoenix Tankers, a wholly-owned subsidiary of Mitsui O.S.K. Lines (MOL), has ordered a new very large gas carrier (VLGC) from Kawasaki Heavy Industries (KHI) of Japan. According to foreign press and brokers, Phoenix Tankers c...
2018-01-03 07:06:10
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