1Q NB orders post 15% y-o-y downturn [Market Information]
Global shipbuilding industry scored 186 units, 17.2m dwt (6.2m cgt) of orders for the first quarter of 2018, representing a 15% year-on-year downturn in terms of dwt.  Considering that shipbuilders in the world posted as much as 134% y-o-...
2018-05-04 17:06:29
100 offshore projects to be sanctioned in 2018 [Offshore]
The current tailwind in the oil market is likely to propel 100 new offshore projects to be sanctioned in 2018, according to Rystad Energy. This compares to only 60 projects in 2017 and below 40 in 2016, as shown in the latest Oilfield Service Rep...
2018-05-04 07:31:26
CMHI and DNV GL ink LoI for two jack-ups [Offshore]
DNV GL announced on May 2 that China Merchants Heavy Industry (Jiangsu) Co., Ltd (CMHI) and DNV GL signed a Letter of Intent (LoI) for the classification of two multi-activity jack-up units at the Offshore Technology Conference (OTC) in Houston. ...
2018-05-04 07:28:45
LR to class first FSRU ordered for Indian waters. [Offshore]
LR recently signed a contract to class the first ever floating storage regasification unit (FSRU) to be ordered for Indian waters. Stationed at Jafrabad port and operational 24 hours a day, 365 days a year, it will be built to LR’s Rules for th...
2018-05-04 07:28:09
Scorpio Tankers announces commitments for new loan [Finance]
Scorpio Tankers Inc. (NYSE:STNG) ("Scorpio Tankers," or the "Company") announced on May 1 that, following from the announcement of new financing initiatives on April 25, 2018, the Company has received commitments from four leading European financ...
2018-05-04 07:26:55
Seajacks to install Siemens Gamesa turbines in Taiwan [Offshore]
Seajacks announced on May 1 that it has won a contract from Siemens Gamesa to install its 6MW turbines at phase 2 of the 120MW Formosa 1 offshore wind farm in Taiwan. The award is the first time the Great Yarmouth-based company has won a renew...
2018-05-04 07:25:55
DNV GL appoints Chief Digital Transformation Officer [General]
DNV GL announced on May 2 that Klas Bendrik will join DNV GL as Chief Digital Transformation Officer to support DNV GL’s digitalization and IT strategy. Starting on 1 September 2018, Bendrik will be based at the DNV GL headquarters in Høvik, N...
2018-05-04 07:25:34
CIMC buys Zhoushan Changhong stakes [General]
China International Marine Containers (CIMC) is pursuing a deep cooperation with Zhoushan Changhong International Shipyard for shipbuilding business. To achieve such a goal, CIMC Qianhai Financial Leasing, CIMC’s financing arm is buying majo...
2018-05-04 07:25:13
HHI saw decrease in 1Q loss [General]
Hyundai Heavy Industries (HHI) announced in a regulatory filing on May 3 that it posted a revenue of KRW 3.0425trn (around $2.8bn) in the three months that ended on March 31, down by 12.8% over the previous quarter, resulting from a decrease in o...
2018-05-04 07:21:24
"150 more LNGC needed" [Shipping]
It is expected that more than 150 new LNG carriers will be ordered additionally as the value of LNG projects which are scheduled to commence by 2022 amounts to as much as $236bn, Westwood Global Energy claimed in its recent report. The report ...
2018-05-04 07:20:51
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