NB deliveries show decline in 1H [Market Information]
It turned out that global shipbuilders delivered 691 newbuildings of a combined 45.3m dwt (17.3m cgt) in the first half of this year, down by 7% (in terms of dwt) over the same period a year ago. The whole output in full year of 2018 is projected...
2018-07-27 15:39:14
Shipbuilders keep consuming orderbook [Market Information]
Global newbuilding orderbook recorded 198.7m dwt (75.3m cgt, 3,017 units) at the end of June, which is 11% lower compared to the beginning of the year in terms of the number of units (6% lower in terms of dwt). As of the end of June, according...
2018-07-27 15:38:45
Korea targets No.1 in 2018 NB market [Market Information]
1H Newbuilding order intakes of global shipbuilding industry stood at 441 units at 35.1m dwt (12.3m cgt), showing 16% decrease y-o-y in terms of dwt. However, Korean shipyards have done much excellent work, taking the No. 1 place in dwt, cgt and ...
2018-07-27 15:38:22
Wärtsilä secures new engine deal [Equipment]
The technology group Wärtsilä has received a series of notable orders for the upgraded version of its Wärtsilä 20 engine. A total of 33 engines have been ordered for merchant auxiliary power application in three major shipbuilding projects. T...
2018-07-27 07:25:59
WinGD appoints new CEO [General]
WinGD announced the appointment of Mr Klaus Heim as Chief Executive Officer effective August 6, 2018. Klaus Heim joins WinGD from OMT in Turin, Italy, where he currently holds the position of Chief Technical Officer. With over 25 years of expe...
2018-07-27 07:25:28
TechnipFMC confirms 2Q orders [Offshore]
On July 25, TechnipFMC announced the second quarter results. In the statement, the company put up some highlighted deals including: Shell Kaikias (U.S. Gulf of Mexico)  Initial production achieved following completion of our first full-c...
2018-07-27 07:24:51
Inmarsat: IoT will cultivate new growth engine [General]
The Industrial Internet of Things (IIoT) is set to make a sizeable contribution to the global economy by 2023. This is according to a new global study launched today by Inmarsat (LSE:ISAT.L), the world’s leading mobile satellite communications ...
2018-07-27 07:23:38
Damen-Skoon develops sustainable shipping solutions [Shipping]
Damen Shipyards Group and Skoon Energy have signed a cooperation agreement of understanding for the advancement of energy transition in the shipping industry. The agreement combines Damen’s 90 years of experience with the dynamism of a new star...
2018-07-27 07:22:23
First turbine installed at Horns Rev 3 [Offshore]
The first turbine at Vattenfall’s offshore wind farm Horns Rev 3 has been installed in the North Sea off the west coast of Denmark. The wind farm will increase Danish annual electricity production from wind by about 12 per cent and cover the co...
2018-07-27 07:20:48
ORE pursuing marine electrical hub [Offshore]
The Offshore Renewable Energy (ORE) Catapult has appointed two of the UK’s top universities, with strong track records in electrical engineering, to join its £3.1million research Hub. The Universities of Strathclyde and Manchester will join...
2018-07-27 07:20:14
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