Keppel nets Awilco rig deal [Offshore]
Keppel Corporation Limited (“KCL” and the “Company”) announced that Keppel Offshore & Marine Ltd has, through its wholly-owned subsidiary, Keppel FELS Limited (“Keppel”), signed a letter of intent with Awilco Drilling PLC (“Awil...
2018-02-28 14:46:31
DSME hit KRW1trn milestone with VLCC trio [Shipbuilding]
Daewoo Shipbuilding & Marine Engineering has scored a new contract to build three Very Large Crude Carriers with a European shipowner.  According to an announcement on February 28 by the Korean shipbuilding leviathan, the three VLCC n...
2018-02-28 09:41:13
Seadrill announces global settlement [Offshore]
On February 26, 2018, Seadrill Limited ("Seadrill" or the "Company") succeeded in reaching a global settlement with an ad hoc group of bondholders, the official committee of unsecured creditors, and other major creditors in its chapter 11 cases.&...
2018-02-28 07:24:57
How offshore wind could look by 2050 [Offshore]
An explosion of innovation in the UK will see an army of autonomous robots service giant offshore wind turbines with tens of rotors, while parachute-shaped kites will transform how we think about wind turbines. And offshore wind could become...
2018-02-28 07:24:11
Marubeni undertake feasibility study on LNG terminal Austral [Shipbuilding]
Marubeni Corporation (hereinafter, “Marubeni”), JERA Co., Inc. (hereinafter, “JERA”) and Squadron Energy Pty Ltd (hereinafter, “Squadron”), a subsidiary of Australia's Minderoo Group, recently signed a Memorandum of Understanding unde...
2018-02-28 07:23:10
Tsuneishi delivers log and bulk carrier [Shipbuilding]
TSUNEISHI SHIPBUILDING Co., Ltd. (HQ: 1083 Tsuneishi, Numakuma-cho, Fukuyama, Hiroshima, Japan; President: Kenji Kawano; hereinafter, “TSUNEISHI”) completed the construction of its first TESS38 “WECO JOSEFINE” at one of its overseas shipy...
2018-02-28 07:22:20
BUMI ARMADA reports full year 2017 net profit [Shipbuilding]
Malaysia-based international offshore energy facilities and services provider Bumi Armada Berhad (“Bumi Armada” or “the Group”) announced its fourth quarter (“Q4”) and full year (“FY”) 2017 financial results on February 26. The...
2018-02-28 07:17:45
ABB to improve reliability of power grid [General]
ABB has won an order from Korea Electric Power Corporation (KEPCO) to supply technology that will help strengthen long distance transmission and provide more reliable power to the North Eastern part of the country. The innovative Series Compensat...
2018-02-28 07:16:32
Phase 1 of TOTE ship conversion to LNG complete [Shipbuilding]
TOTE Maritime Alaska announced on February 26 that it has completed the first of four conversion periods for the Orca class vessels, a process which will enable the ships to use liquefied natural gas (LNG) as fuel.  TOTE Maritime’s North S...
2018-02-28 07:10:30
Longlife equipment center's engine started [Equipment]
The Korea Marine Equipment Research Institute (KOMERI) openes the 'Technology Center for Long Life Cycle of Shipbuilding & Offshore Equipment' on April this year at the Ulsan Techno General Industrial Complex, Duwang-dong, Nam-gu, Ulsan Metro...
2018-02-28 07:09:23
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