Irish Continental Group invests to build cruise ferry [Shipbuilding]
Irish Continental Group plc (“ICG”) has entered into an agreement, with the German company Flensburger Schiffbau-Gesselschaft & Co.KG (“FSG”), whereby FSG has agreed to build a cruise ferry for ICG at a contract price of €165.2 mill...
2018-01-04 07:19:49
GasLog places a newbuilding order at SHI [Shipbuilding]
GasLog Ltd. ("GasLog", NYSE: GLOG), an international owner, operator and manager of liquefied natural gas ("LNG") carriers, announced on January 2 that it has ordered a newbuild 180,000 cubic meter vessel with XDF propulsion from Samsung Heavy In...
2018-01-04 07:19:01
Ocean Yield in negotiations for modern vessels [Shipping]
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 Yield...
2018-01-04 07:18:04
NYK releases findings in study on avoiding collisions [Shipping]
NYK and NYK Group companies MTI Co. Ltd. (head office: Tokyo; president: Yasuo Tanaka) and Japan Marine Science Inc. (head office: Kanagawa; president: Koichi Akamine) recently released partial findings of a study on collision risk judgement and ...
2018-01-04 07:17:13
Valmet to upgrade Aranda marine research vessel [Equipment]
Valmet announced on January 2 that it will upgrade the Aranda marine research vessel's control and machinery monitoring system to meet current needs as part of a renovation project for the vessel. Valmet's delivery includes the upgrade of the Val...
2018-01-04 07:16:10
SHI reduces executives by 30% [Shipbuilding]
Samsung Heavy Industries (SHI) reduced the number of its executives by 30% at the end of 2017 in an effort for its business structure to be reshuffled, following a low-cost and high-efficiency model.  With the goal of dealing with 2018 bu...
2018-01-04 07:14:35
Endesa receives offers for LNGC duo [Shipbuilding]
Endesa, the largest electric utility company in Spain, turns out to have received official offers from shipbuilders for two additional LNG carriers. According to foreign presses and industrial sources, commercial offers were submitted at the e...
2018-01-04 07:13:45
Shortlist for Barossa FPSO drawn up soon [Offshore]
While seven companies are competing now for one floating production storage and offloading (FPSO) unit for a project to develop the Barrosa gas field which is located in the Bonaparte basin, around 300km north of Darwin, Northen Territory, Austra...
2018-01-04 07:13:01
BP's Tortue FPSO order nears [Offshore]
Oil major BP is expected to soon order a floating production storage and offloading (FPSO) unit for its $5.8bn Tortue project. According to foreign presses and industrial sources, BP was reportedly capable of selecting final EPC contractor for...
2018-01-04 07:12:27
HHI seeking breakthrough in green tech [Equipment]
Hyundai Heavy Industries (HHI) developed its own scrubber to enhance its competitive edge in marine engine market. HHI announced on January 3 that it completed a validation test for its scrubber at Ulsan HQ. The scrubber is an equipment to ...
2018-01-04 07:11:57
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