Shell invests in the Vito development [Offshore]
Shell Offshore Inc. (Shell), a subsidiary of Royal Dutch Shell plc, announced on April 24 the final investment decision for Vito, a deep-water development in the U.S. Gulf of Mexico with a forward-looking, break-even price estimated to be less th...
2018-04-26 07:24:41
Petrofac sells JSD6000 project to ZPMC [General]
Petrofac Limited (“Petrofac” or “the Company”) announces that Petrofac International (UAE) LLC has signed an agreement to sell the JSD6000 project to Shanghai Zhenhua Heavy Industries Co Ltd (ZPMC). The transaction comprises the sale o...
2018-04-26 07:24:03
BEMA holds first annual meeting [Equipment]
The manufacturers and stakeholders in the ballast water treatment equipment market have taken a major step forward by codifying a unified manufacturers’ association.  The Ballastwater Equipment Manufacturers’ Association (BEMA) met on Ap...
2018-04-26 07:23:02
Maritime Future Summit: Vision Becomes Reality [General]
From digitalisation and big data through to Artificial Intelligence (AI), new technologies have the potential to revolutionise global shipping. “Mind the gap – bridging disruptive technologies” is the appropriate theme for the Maritime Futu...
2018-04-26 07:22:22
LMC-MacGregor open JV in China [Equipment]
MacGregor, part of Cargotec, and China State Shipbuilding Corporation's (CSSC) Nanjing Luzhou Machine Co., Ltd. (LMC) celebrated the opening of their first joint venture in Nanjing, China on April 10. CSSC LMC and MacGregor have established a sol...
2018-04-26 07:21:29
PARAT Halvorsen to present green boiler tech [Equipment]
PARAT Halvorsen AS, Norway’s leading supplier of steam and heat energy systems for land-based industries, shipping and offshore applications, will demonstrate a range of its innovative and environmentally friendly boiler systems at this year’...
2018-04-26 07:21:02
Busan envisioning growth for shipbuilding [General]
The Busan Metropolitan City revealed the ‘development strategy for Busan shipbuilding industry’ on April 25. The strategy is in line with the central government’s ‘shipbuilding development strategy’ revealed in the 15th Economic Mini...
2018-04-26 07:12:04
Shitanoe secures one LPG carrier order [Shipbuilding]
A Japanese yard Shitanoe Shipbuilding turns out to have secured a newbuilding order in around two years. Without the orderer and the price specified, foreign media and industry said that Shitanoe won an order for 5,000-cbm LPG carrier for deli...
2018-04-26 07:11:30
China CSSC shrunk in revenue/profit [Shipbuilding]
China CSSC Holdings, a listed company of CSSC recently announced that it logged CNY2.3bn (about KRW392.5bn) of net earnings, marking a degrowth from 2016’s CNY2.6bn. The company revealed that its 2017 revenue also decreased from 2016’s CNY...
2018-04-26 07:11:01
"Owners positive on LNG for newbuildings" [Shipbuilding]
A report indicated that a large portion of owners is considering LNG propulsion solution for their next newbuildings. Hamburg Messe & Congress GmbH (HMC), the organizer of SMM and the market research institute published SMM Maritime Indust...
2018-04-26 07:10:24
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