Recovery of NB order sales stops in April [Market Information]
The recovery trend of global new order sales market has weakened since April, while key shipyards are raising their ship prices amid rising material (steel plate, etc.) costs.  In April, according to Clarkson Research, 40 vessels of a com...
2018-05-11 16:15:09
30% y-o-y downturn in 1Q NB deliveries [Market Information]
Global shipyard output stood at 348 ships of a combined 22m dwt (8.6m cgt) in the three months that ended on March 31, down by more than 30% year-on-year in dwt terms, on an annualized basis. In full year 2018, according to Clarkson Research, ...
2018-05-11 16:14:45
ABS to Class Two New VLCCs for Kyklades [Shipbuilding]
ABS was selected to class two Very Large Crude Carriers ordered by Greece’s Kyklades Maritime Corporation (KMC). The two 330-meter long vessels, each 319,000-dwt, will be built in Korea by Hyundai Heavy Industries (HHI) and are expected to b...
2018-05-11 07:40:04
MOL-KHI to develops intelligent steering tech [Shipping]
Mitsui O.S.K. Lines, Ltd. (MOL; President & CEO: Junichiro Ikeda) recently announced that it has reached an agreement with Kawasaki Heavy Industries, Ltd. (KHI; President: Yoshinori Kanehana; headquarters: Minato-ku, Tokyo) on the joint devel...
2018-05-11 07:39:23
Sembcorp Marine completes Ailsa FSO [Offshore]
FSO Ailsa, the world’s first Floating Storage and Offloading (FSO) vessel with a 40-year hull lifespan, will set sail next month for the Culzean gas field in the UK North Sea. Newly completed at the Sembcorp Marine Tuas Boulevard Yard for MO...
2018-05-11 07:38:00
McDermott awarded subsea contract for lucius field [Offshore]
McDermott International, Inc. (NYSE:MDR) announced on May 9 a contract award from Anadarko Petroleum Corporation for subsea umbilical and flowline installation in support of a tieback to Anadarko-operated Lucius field located 275 miles southeast ...
2018-05-11 07:37:03
Statoil-Subsea 7 signs IMR deal [Offshore]
Statoil is awarding Subsea 7 Norway AS a five-year contract for IMR services to be carried out by the Seven Viking vessel for subsea operations on the Norwegian continental shelf (NCS). Subsea 7 will provide inspection, maintenance and repair ...
2018-05-11 07:35:37
SMC Pens Taiwanese wind farm MOU [Offshore]
SMC, Maxmart Shipping and China Marine Surveyors & Sworn Measurers (CMS) have signed a Memorandum of Understanding (MOU) to collaborate for upcoming operations in Taiwan.   The three companies have teamed up to provide integrated solut...
2018-05-11 07:35:14
Senvion leads Innovation-Consortium [Offshore]
The winning team around Senvion includes 14 major offshore stakeholders The ReaLCoE project led by Senvion serves the strategic mission to develop the "Next Generation 10+MW rated, Robust, Reliable and Large Offshore Wind Energy Converters for...
2018-05-11 07:34:31
Sewol wreckage erected by HSHI [General]
Hyundai Samho Heavy Industries (HSHI) completed the erection of Sewol wreckage, around 20 days ahead of due date. The company is donating entire profit from the work. HSHI announced on May 10 that the erection work for Sewol wreckage is comple...
2018-05-11 07:33:29
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