DSME nets another duo of LNGC newbuilds
Daewoo Shipbuilding & Marine Engineering has signed a newbuilding contract for two LNG carriers with an Oceanian shipowner, it announced on Tuesday in a regulatory filing. Contract value is around KRW 394.3bn (foreign exchange rate USD 1 =...
GE-Noble Link up the world’s first digital rig
Following the partnership formed by GE (NYSE: GE) and Noble Corporation plc (NYSE: NE), the two companies launched the world’s first digital drilling vessel, targeted to achieve 20 percent operational expenditure reduction across the targeted e...
ADSB achieves its second highest profit
Abu Dhabi, UAE, February 16, 2018 – Abu Dhabi Ship Building PJSC (ADSB) today released its financial results for the financial year ended 31 December 2017. The report was accompanied by a statement from the Chief Executive Officer, Dr. Khaled...
Schlumberger and Subsea 7 announces joint venture
Schlumberger (NYSE:SLB) and Subsea 7 S.A. (Oslo Børs:SUBC, ADR:SUBCY), announced on February 23 that they have entered into exclusive negotiations to form a joint venture that builds on the success of Subsea Integration Alliance, which was estab...
First 20,000 TEU boxship at Tollerort
The COSCO Shipping Aries is the first Chinese container vessel with a capacity of more than 20,000 standard containers (TEU) to call at the HHLA terminal Tollerort. There it will be handled by five high-performance gantry cranes that HHLA has bui...
Wärtsilä optimises TMS Cardiff Gas ships
The technology group Wärtsilä is expanding its co-operation with the Athens based ship management company TMS Cardiff Gas Ltd. Under the recently signed maintenance agreement, Wärtsilä ensures the maintenance predictability of the operation o...
Borr Drilling acquired Paragon Offshore
Borr Drilling Limited (“Borr” or the “Company”) announced on February 21 a binding tender agreement to offer to purchase all outstanding shares in Paragon Offshore Limited (“Paragon”). Total acquisition price for all outstanding share...
Wenchong seals LOI for 2+2 boxships
CSSC affiliated Guangzhou Wenchong Shipyard is understood to have signed LOI with Simatech Shipping for 2+2 sub-panamax containerships. According to market sources and foreign media, the 2,800-teu ships will feature Tier III specification at $...
YZJ bags order for 2+2 82K BCs
China's largest private shipbuilder Yangzijiang Shipbuilding (Holdings) Group (YZJ) seems to have penned a letter of intent (LOI) with a European shipowner for the construction of 2+2 82,000 dwt bulkers. According to a foreign press, the...
Busan provides logistics supports
Busan Metropolitan City has recently announced that its joint logistics center for shipbuilding equipment is contributing to the cost reduction and competitiveness enhancement of Korean shipbuilding and offshore equipment industry. In order to...
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