Global yards see 14% decline in NB orders [Market Information]
A total of 811 vessels of 61.8m dwt and 23.1m cgt turn out to have been ordered from January to October 2018, down by 14% year-on-year in dwt terms on an annualized basis. For the 10 months to October 31, 2018, according to Clarkson Research, ...
2018-11-30 16:10:50
"Korea delivered fewer units in 2018" [Market Information]
The global shipyards have delivered a total of 1,078 new ships of 70.4m dwt (26m cgt) by October this year. The estimated total delivery of 2018, 81m dwt is a 17% decrease from 2017 in terms of dwt. Clarkson Research data shows that during the...
2018-11-30 16:10:30
Alfa Laval run successful USCG test [Equipment]
Alfa Laval has successfully completed additional tests at the Norwegian Institute for Water Research (NIVA) to verify the biological efficacy of Alfa Laval PureBallast 3 without holding time. As a result, PureBallast 3 is on target to be the firs...
2018-11-30 08:39:27
McDermott won cable job from Shell [Offshore]
McDermott International, Inc. (NYSE: MDR) announced a contract from Shell Exploration and Production Company, a subsidiary of Royal Dutch Shell plc, for new subsea umbilical and flowline installation at the Great White Frio development in Alamino...
2018-11-30 08:38:35
“First Steel Cut on Karish and Tanin FPSO” [Offshore]
Energean Oil and Gas plc (LSE: ENOG, TA: ENOG), the London Premium Listed FTSE 250 and Tel Aviv Listed E&P company with operations offshore Israel, Greece and the Adriatic announced that first steel was cut on the Karish and Tanin floating pr...
2018-11-30 08:37:24
Chantiers de l’Atlantique enlarges yard [Shipbuilding]
Chantiers de l’Atlantique and the public works company Charier inaugurated on 26 November 2018 the extension of the pre-assembly area which allows a significant increase in the production capacity of the shipyard. With the work started in Ju...
2018-11-30 08:36:30
Fincantieri laid keel for Qatari corvette [Shipbuilding]
The keel laying ceremony of  the first “Doha” class corvette ordered to Fincantieri by the Qatari Ministry of Defence within the national naval acquisition program, took place today at Fincantieri’s shipyard in Muggiano (La Spezia). ...
2018-11-30 08:35:59
Vineyard selects MHI Vestas for US OWF [Offshore]
MHI Vestas to bring industry-leading V164-9.5 MW turbine to the US market as Massachusetts sets the pace in the burgeoning offshore wind industry. After many years of anticipation and watchful eyes from around the globe, the US offshore wind m...
2018-11-30 08:34:32
CPLP to spin off its tanker business [Shipping]
Capital Product Partners L.P. (NASDAQ: CPLP) (“CPLP”) and DSS Holdings L.P. (“DSS”), a privately held company and one of the world’s largest owners and operators of medium-range product and Suezmax crude tankers, have entered into a def...
2018-11-30 08:32:40
Singapore's FSL attracts fund for new ship acquisitions [Shipbuilding]
Singapore's First Ship Lease Trust is issuing new shares to renew its fleet. The company is set to attract up to SGD 43m (around USD 31m) through a preferential offering. The shipowner is expected to use 50-100% of the fund to renew its fle...
2018-11-30 08:30:42
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