New face yard wins aframax quartet [Shipbuilding]
Korean shipbuilding stalwart has won an eye-catching newbuilding order for aframax tanker series from an overseas shipowner. Samkang S&C, a subsidiary of Samkang M&T, has signed a shipbuilding contract with a leading shipping company i...
2018-05-03 14:46:03
ABS Issues first MPD-ready Notation [Offshore]
ABS announced on May 1 it has awarded the world’s first Managed Pressure Drilling (MPD) – Ready Notation to Ocean Rig for the ABS-classed Corcovado and Mykonos deep water drillships. The ABS MPD-Ready™ notation demonstrates drilling units h...
2018-05-03 07:33:05
Maersk Tankers: six LR2 newbuildings approved [Shipbuilding]
Maersk Product Tankers’ board of directors has approved the order of six of ten LR2 newbuildings that are on contract with Dalian Shipyard. The current market makes the investment attractive because it offers competitive asset prices. The fl...
2018-05-03 07:32:46
Siemens developed offshore ESS [Offshore]
A clean, reliable power supply is critical for offshore oil and gas assets. Siemens is now applying its extensive electrification experience in the marine industry to offshore oil and gas, with a focus on reducing emissions and risk in particular...
2018-05-03 07:32:04
Rolls-Royce/Hurtigruten team up for environmental cruise shi [Equipment]
Norwegian expedition cruise operator Hurtigruten has signed a Letter of Intent with Rolls-Royce for a major environmental upgrade programme to hybrid power. The main engines on up to nine cruise ships will switch from diesel to gas power and the ...
2018-05-03 07:31:46
W&T-Baker Hughes start GoM venture [Shipbuilding]
At Offshore Technology Conference (OTC) on APril 30, W&T Offshore Inc. (NYSE: WTI) and Baker Hughes, a GE company (NYSE: BHGE) announced a strategic partnership related to W&T’s joint exploration and development program, which includes ...
2018-05-03 07:31:22
Borr Drilling completes paragon rationalization [Offshore]
Borr Drilling announced on April 30 that it has sold 14 old jack-up rigs en bloc to a non-drilling company. The rigs will be delivered to the new owner over the next 30 days. The disposal is expected to contribute up to USD16 million in profit to...
2018-05-03 07:30:32
Viking Grace installs rotor sail for wind-assisted propulsio [Equipment]
Viking Line has installed a rotor sail on the LNG-fuelled Viking Grace, making it the first passenger ship in the world equipped with a rotor sail for the utilisation of wind power. LR approved the structure and the risk-assessment related to the...
2018-05-03 07:29:56
Korea to use drone to deliver ship chandlery [Equipment]
Ulsan Metropolitan City of Korea announced on May 1 that it has been chosen as a winner together with the Electronics and Telecommunications Research Institute (ETRI) in a call for projects of 'using drone to deliver ship chandlery', which is org...
2018-05-03 07:28:37
Mitsui E&S logs consecutive losses [Shipbuilding]
Mitsui E&S Holdings, the holding company of Mitsui E&S Group, recently announced the result of its shipbuilding business. According to the report, Mitsui E&S Shipbuilding logged JPY15.3bn of operating loss (consolidated basis) from Ap...
2018-05-03 07:27:08
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