SUBSEA 7 confirms proposal to acquire McDermott [Offshore]
Subsea 7 S.A. (Oslo Børs: SUBC, ADR: SUBCY) confirms that it made a proposal(1) to the Board of Directors of McDermott International, Inc. (“McDermott,” NYSE: MDR) on April 17, 2018 to acquire the entire issued share capital of McDermott.&nb...
2018-04-24 07:27:39
Alfa Laval PureBallast 3 helps Dowa Line [Equipment]
Though headquartered in Japan, Dowa Line has had operations in the Americas for over 35 years. The company is not only one of the leading Japanese cargo operators in American markets, but also an early mover in ballast water treatment with extens...
2018-04-24 07:26:18
Gabadi will build LNG tanks for Chinese yard [Equipment]
The Galician company Gabadi, with its headquarters in Narón, has just been awarded a contract by the Chinese shipyard, Jiangnan Shipyard (Group) Co., Ltd. for the erection of 4 membrane tanks of liquated natural gas (LNG) to be used as a fuel. T...
2018-04-24 07:25:20
SEA/LNG reiterates LNG's role in decarbonisation [Shipping]
SEA/LNG, the multi-sector industry coalition aiming to accelerate the widespread adoption of liquefied natural gas (LNG) as a marine fuel, supports the level of ambition outlined by the IMO’s Initial Strategy. It believes that the accelerated u...
2018-04-24 07:23:29
Saipem awarded new contracts in drilling [Offshore]
Saipem has been awarded new contracts in Offshore Drilling involving the sixth-generation semi-submersible rig Scarabeo 8, suitable for harsh environments. Drilling activities will take place offshore Norway, and will last approximately 10 months...
2018-04-24 07:21:52
Hapag-Lloyd plans 20 % reduction in CO2 [Shipping]
On April 22, as the world celebrates “Earth Day,” Hapag-Lloyd is publishing the company’s first sustainability report ever. Within the report, the shipping company is announcing for the first time the climate goal it has set for itself: By ...
2018-04-24 07:20:45
Keppel O&M sees poor business results [Offshore]
Keppel Corporation saw poor results in its offshore business despite the recent recovery trend in the industry.  The Singaporean company announced that it posted a SGD 337m (approximately $257m) profit for the first quarter of 2018, repre...
2018-04-24 07:20:05
YZJ nets British kamsarmax [Shipbuilding]
A UK based operator Hadley Shipping Group is expanding its fleet, ordering kamsarmax vessels at a Chinese yard. According to foreign media and industry, the shipping company has ordered up to two 82,000-dwt kamsarmax bulkers (including one opt...
2018-04-24 07:19:31
Korea opens offshore plant O&M simulation center [General]
Busan Techno Park and Tongmyong University have an opening ceremony of a simulation center for the operation & maintenance (O&M) of offshore plant on April 24 at Tongmyong Univ., Yongdang-dong, Nam-gu, Busan Metropolitan City, Korea. ...
2018-04-24 07:19:02
"Installing scrubber is rational decision" [Equipment]
Langh Tech, a Finnish exhaust gas cleaning technology provider, has recently noted that the ban on carrying high sulfur fuel oil on vessels will have a great effect on merchant ship operations, and one solution for such regulations is scrubber ...
2018-04-24 07:18:28
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