Low completion of Chinese yards in Q1 [Market Information]
Chinese yards are showing a slow pace with the comparably low level of completion in Q1 2018. According to CANSI, the accumulated order intake of the industry during the period recorded 15.53m dwt, which is yoy 180% increase. It is impressive ...
2018-04-20 15:58:06
Japan records 21% hike in 1Q ship export orders [Market Information]
Japanese shipyards recorded a total of 56 units, 2.87m gt (1.22m cgt) of newbuilding orders in Q1 2018, which is yoy 21.3% increase in terms of gt. This is the highest record in two years in terms of the quarter, and bulker occupied most of the o...
2018-04-20 15:57:39
Stealthgas announces newbuilding program finished [Shipbuilding]
STEALTHGAS INC. (Nasdaq:GASS), a ship-owning company primarily serving the liquefied petroleum gas (LPG) sector of the international shipping industry, announced on April 17 the delivery of its last newbuilding LPG vessel and the completion of it...
2018-04-20 06:20:18
FLEX LNG signs time-charter with Enel [Shipping]
FLEX LNG LTD ("FLEX LNG" or the "Company") (OSE:FLNG), a global shipping company specializing in the ownership of LNG carriers, announced on April 18 that, through a separate wholly-owned subsidiary, it has entered into a time-charter agreement w...
2018-04-20 06:18:51
World’s largest plug-in hybrid ship coming [Shipbuilding]
The construction of the 'Color Hybrid' reached an important milestone 16 April which marked the assembly start of the 14 large blocks at Crist in Gdynia, Poland. The environmental friendly ship will be the world’s largest battery-hybrid ship wh...
2018-04-20 06:16:49
Transocean nets multiple offshore jobs [Offshore]
Transocean Ltd. (NYSE:RIG) issued on April 18 a quarterly Fleet Status Report that provides the current status of and contract information for the company’s fleet of offshore drilling rigs. As of today, the company’s contract backlog is $12.5...
2018-04-20 06:15:51
Huntington Ingalls to reactivate East Bank yard [Shipbuilding]
Huntington Ingalls Industries (NYSE:HII) announced on April 12 that its Ingalls Shipbuilding division plans to reactivate its shipbuilding facilities on the east bank of the Pascagoula River. The site of the original Ingalls Shipbuilding Corp....
2018-04-20 06:14:29
Another big year for UK Offshore Wind [Offshore]
The Crown Estate’s 6th annual Offshore Wind Operational Report tracks the progress in the development of the UK’s offshore wind resources over 2017, the busiest year yet for the sector. Key highlights for UK offshore wind in 2017: -Offs...
2018-04-20 06:13:30
EU wind blowing to right way [Offshore]
Europe invested a total of €51.2bn in wind energy in 2017.  The development of new farms accounted for €22.3bn of this. This is according to WindEurope’s ‘Financing and Investment Trends’ report released today. The rest of the inve...
2018-04-20 06:12:32
Additional rig orders expected [Offshore]
In order to fund the construction of 1+3 semi-submersible drilling rigs it has recently ordered from Keppel FELS, Awilco Drilling of Norway is to issue new stocks.  Awilco announced that it has decided to carry out a $65m-capital increase...
2018-04-20 06:10:58
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