SHI pays contribution for equipment providers [Finance]
Samsung Heavy Industries (SHI) announced through a regulatory filing on January 25 that it will contribute KRW 1.67bn (about $1.5m) for shipbuilding equipment providers in financial difficulty. The Korean shipbuilding heavyweight noted, "The c...
2019-01-30 16:34:46
Krasnoye wins 11 cargo vessels [Shipbuilding]
Krasnoye Sormovo Shipyard, an affiliate of Russia's largest state-owned shipbuilding group United Shipbuilding Corporation (USC), is said to have won 11 'Volgo-Don Max' dry cargo vessels from its compatriot State Transport Leasing Company (STLC)....
2019-01-30 16:17:31
Saga's LNGC designs attain AIP from CCS [Shipbuilding]
Saga LNG Shipping of Singapore is said to have recently attained approvals in principle (AIPs) from the China Classification Society (CCS) for its two small- and mid-sized LNG carrier designs.   According to foreign press and industr...
2019-01-30 15:51:21
CCS saw tremendous growth in 2018 [Shipping]
It turned out that over 10m gt tonnage was newly registered in the China Classification Society (CCS) in 2018 only.  With this, according to Clarksons Research's latest World Fleet Monitor, the CCS has become the world's fifth largest shi...
2019-01-30 15:14:35
HHI reaches 2nd tentative wage agreement [General]
The labor and management of Hyundai Heavy Industries (HHI) reached a new tentative agreement on 2018 wages on January 29. The agreement includes △raising basic pay by KRW 45,000 △stabilizing employment by the end of 2019 △setting a level...
2019-01-30 14:28:23
New design makes liquefied hydrogen BV a reality [Shipbuilding]
In response to the global ambition of reducing the environmental footprint from global ship transport, Moss Maritime, in cooperation with Equinor, Wilhelmsen and DNV-GL, has developed a design for a Liquefied Hydrogen (LH2) bunker vessel. The ves...
2019-01-30 11:33:11
MAN signs new SCR contract [Equipment]
MAN Energy Solutions has announced the very first order for its SCR-HP (Selective Catalytic Reduction – High Pressure) product. Mitsui (MES) has ordered 3 × SCR-HP (cluster 3) units in connection with the building of three 87k-dwt bulk carrier...
2019-01-30 11:32:41
TechnipFMC won EPCI for Lundin Luno II [Offshore]
TechnipFMC (Paris:FTI) (NYSE:FTI) has been awarded a substantial(1) integrated Engineering, Procurement, Construction and Installation (iEPCITM) contract from Lundin Norway for the Luno II and Rolvsnes development, located in the North Sea at a w...
2019-01-30 10:57:07
HHI Group won 2+1 VLCCs [Shipbuilding]
Hyundai Heavy Industries (HHI) Group has won up to three units of VLCCs. The Group announced that it won 2+1 VLCCs worth a total of KRW320bn from a European owner on January 29. The ships, with 330m of length and 60m of width, will be built...
2019-01-30 10:11:11
BP invests in new artificial intelligence technology [Offshore]
BP Ventures has invested $5 million in Belmont Technology’s Series A financing to further bolster BP’s artificial intelligence (AI) and digital capabilities in its Upstream business. The investment supports BP’s ongoing work exploring op...
2019-01-30 08:24:56
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