ESVAGT scouts new opportunities in the Barents Sea [Offshore]
An increased oil & gas production in the Arctic regions requires shipping companies with specialized competences. ESVAGT sees growth opportunities. A higher oil & gas production is expected in the Barents Sea in the coming years. The r...
2018-12-11 09:02:16
Europe organizations release statement on subsidies [General]
SEA Europe and ECSA released a statement on the recent subsidy debates. Following is the full text of the statement. "Today, the EU and South Korea will discuss the South Korean shipping and shipbuilding state subsidies measures in the context o...
2018-12-11 09:01:55
LR releases new cyber tactics [Shipbuilding]
LR announced that it is partnering with AXELOS RESILIA® Frontline to offer its customers engaging cyber awareness training for all their employees. The new addition to the LR Cyber Resilience portfolio will provide an effective solution to th...
2018-12-11 08:57:52
MOL to provide Jawa 1 FSRU [Offshore]
Mitsui O.S.K. Lines, Ltd. (MOL; President & CEO: Junichiro Ikeda) announced that the company has signed deals for construction of a floating storage and regasification unit (FSRU) (*1), FSRU services, and financing for the Jawa 1 Gas-Fired Pr...
2018-12-11 08:52:12
Ardmore Shipping announces refinancing [Shipping]
Ardmore Shipping Corporation (NYSE: ASC) ("Ardmore" or the "Company") announced that it has signed binding agreements for the refinancing of three vessels. Ardmore has signed agreements for the sale and leaseback, under a finance lease arrange...
2018-12-11 08:51:36
Wärtsilä introduces something that shouldn't be there [General]
The technology group Wärtsilä launches a product at Slush Helsinki 2018 that should never see the light of day: a lifeboat for buildings. The lifeboats could be used in severe flooding and rising sea levels caused by climate change. The life...
2018-12-11 08:50:00
MacGregor received equipment orders [Equipment]
MacGregor, part of Cargotec, has received deck machinery orders for four escort and four harbour tugboats from Cheoy Lee Shipyards Ltd in Hong Kong. The MacGregor winches have been specifically designed to maximise vessel performance by minimisin...
2018-12-11 08:49:04
Bladt adds additional Borssele 1&2 Contract [Offshore]
An additional scope of 24 transition pieces enlarges Bladt’s fabrication and supply scope from 35 to 59 transition pieces for the Ørsted owned Borssele 1&2 offshore windfarm project. Bladt will execute the contract for the additional 24...
2018-12-11 08:48:10
PALFINGER enters Asian OWF market [Offshore]
This November PALFINGER MARINE signed a contract with Siemens Gamesa Renewable Energy for the delivery of 20 PF9000-2.9 to the Formosa 1 Phase 2 offshore wind power plant to be located in Taiwan. The wind power plant, with a capacity of 120 MW, c...
2018-12-11 08:47:16
SHI retirement program gathered applicants [General]
At Samsung Heavy Industries (SHI), around 240 workers have applied for voluntary retirement program by the last week. SHI has received applications for voluntary retirement from November 19 to December 7, targeting workers with over seven year...
2018-12-11 08:46:39
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