GasLog announces newbuilding order at SHI [Shipbuilding]
GasLog Ltd. (“GasLog”) (NYSE:GLOG) announced on May 30 the signing of a seven year time charter party (the “Charter”) with a wholly owned subsidiary of Centrica plc. (“Centrica”) for a newbuild LNG carrier. A 180,000 cubic meter LN...
2018-05-31 10:13:26
McDermott awarded subcontract in Vietnam [Offshore]
McDermott International, Inc. (NYSE: MDR) announced on May 29 it has been awarded a sizeable transportation and installation subcontract by PetroVietnam Technical Services Corporation (PTSC) Offshore Service Joint Stock Company for the Idemitsu K...
2018-05-31 07:26:40
BW LPG proposes to combine with Dorian [Shipping]
BW LPG Limited (“BW LPG”, the “Company”, OSE ticker code: “BWLPG”) announced on May 29 a proposal to combine with Dorian LPG Ltd. (“Dorian”) (NYSE: LPG) in an all-stock transaction. Dorian shareholders would receive 2.05 BW LPG sh...
2018-05-31 07:25:49
Optimarin says BWT market is expanding [Equipment]
Ballast water treatment specialist Optimarin says that a recent surge in new business orders and revenues is indicative of positive developments within the BWT market. The Norwegian headquartered firm, which has now sold close to 600 of its USCG-...
2018-05-31 07:24:52
Maersk Fluid Technology made onboard blendign easy [Equipment]
Maersk Fluid Technology (MFT) have advanced their SEA-Mate® Blending-on-Board (BOB) technology with integrated software that automates the system’s function to produce Fit-for-Purpose cylinder lubricants using data received from sensors onboar...
2018-05-31 07:23:41
Scorpio Tankers made deal for six PCs [Shipping]
Scorpio Tankers Inc. (NYSE:STNG) (“Scorpio Tankers” or the “Company”) announced on May 29 that it has agreed to sell and leaseback six MR product tankers (STI Opera, STI Virtus, STI Venere, STI Aqua, STI Dama, and STI Regina) to China Hua...
2018-05-31 07:22:34
'19th IALA Conference' held in Korea [Shipping]
The 19th IALA Conference is held from May 27 to June 2 at Songdo ConvensiA Center, Incheon, Korea.  The conference has been held by the International Association of Marine Aids to Navigation and Lighthouse Authorities (IALA) every four ye...
2018-05-31 07:21:12
Reliance opens bid for MJ FPSO [Offshore]
India’s private power company Reliance Power is said to have opened a bid for 'MJ FPSO' that is likely to be valued at over $2bn.  While the FPSO is scheduled to produce gas and condensate in the East India, the pre-qualification (PQ) p...
2018-05-31 07:20:39
ZPMC nets wind farm EPCI deal [Offshore]
China's Shanghai Zhenhua Heavy Industries (ZPMC) has cliched an engineering deal for its compatriot Datang Jiangsu Binhai offshore wind farm.  Under the deal, ZPMC will carry out engineering, procurement, construction and installation (EP...
2018-05-31 07:20:12
"Shipbuilding needs more time to recover" [Shipbuilding]
Baek Woon-Kyu, the Minister of Trade, Industry & Energy of Korea, said, "Korean shipbuilding industry is showing signs of recovery, but it takes more time to add warmth to shipyard construction sites and boost local economy."  During ...
2018-05-31 07:19:44
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