Lamprell received LOI for two rigs [Offshore]
Lamprell announced that it has received a letter of intent ('LOI') from International Maritime Industries Company ('IMI'), the Saudi maritime joint venture in which Lamprell is a partner, confirming the intent to award Lamprell the contract for t...
2018-12-28 15:01:07
MacGregor got Korean clearance for TTS acquisition [Finance]
MacGregor, part of Cargotec, has received a clearance decision from the South Korean Fair Trade Commission on the company's acquisition of the marine and offshore businesses of TTS Group ASA, which was announced on 8 February, 2018.  MacG...
2018-12-28 14:13:15
Taizhou Kouan nets BC duo [Shipbuilding]
Taizhou Kouan Shipbuilding of China has been awarded two bulkers by its compatriot operator Shanghai Ganglu Navigation.  According to foreign media outlet and industrial source, Taizhou Kouan Shipbuilding has recently won two 56,000 dwt b...
2018-12-28 14:04:34
NYK secured Green Loan for methanol-fueled TK [Finance]
NYK will receive 2 billion yen from Taiyo Life Insurance Company as a green loan to exclusively finance the building of NYK’s first methanol-fueled chemical tanker. A green loan is a loan whose proceeds are used solely for the purpose of fundin...
2018-12-28 11:48:49
HHI negotiation reaches an interim agreement [General]
Hyundai Heavy Industries (HHI) management and union came out with an interim agreement for 2018 wages on December 27. It is after eight months since the first round of negotiation on May 8. The interim agreement involves △employment guarante...
2018-12-28 11:28:24
Prelude FLNG Facility starts production [Offshore]
INPEX CORPORATION (INPEX) announced that the wells have recently been opened at the Prelude floating liquefied natural gas (FLNG) facility and the initial phase of production has commenced. INPEX is involved in developing the Project in Block WA4...
2018-12-28 08:25:40
Keppel secures marine contracts worth SGD300m [Offshore]
Keppel Offshore & Marine Ltd (Keppel O&M) has through its wholly-owned subsidiaries, Keppel Singmarine Pte Ltd (Keppel Singmarine) and Keppel Shipyard Ltd (Keppel Shipyard), clinched contracts worth a combined value of about S$300 million...
2018-12-28 08:24:28
MAN’s subsea compression solution proves its worth [Offshore]
The world’s first subsea compression trains at Equinor’s Åsgard field have achieved 50’000 operation hours with an availability of close to 100%. In 2015, Åsgard became the world’s first subsea gas compression facility to commence op...
2018-12-28 08:23:37
MMHE/TechnipFMC sign LTA with Saudi Aramco [Offshore]
Malaysia Marine and Heavy Engineering Holdings Berhad (MHB or Group) announced that its wholly owned subsidiary, Malaysia Marine and Heavy Engineering Sdn Bhd (MMHE), in consortium with TechnipFMC has signed a Long-Term Agreement (LTA) with Saudi...
2018-12-28 08:23:16
Total/Petrobras tightens alliance [Offshore]
Total and Petrobras announced that they have achieved significant progress in the scope of their Strategic Alliance, signed in March 2017: The first concrete results of jointly implemented R&D projects. Examples of such work include in par...
2018-12-28 08:22:25
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