K-SURE to provide export finance to Formosa 2 [Finance]
Korea Trade Insurance Corporation (K-SURE) announced that it is providing $270m (around KRW324bn) of export finance to Formosa 2 offshore wind farm project, in which Korean companies are participating. The project is K-SURE’s first commitment t...
2019-10-02 16:39:39
Pangaea orders two more Ice-class ships [Shipbuilding]
Pangaea Logistics Solutions Ltd. (“Pangaea” or the “Company”) (NASDAQ: PANL), a global provider of comprehensive maritime logistics solutions, announced it has expanded its order for high ice class post-panamax dry bulk 95,000 dwt. vessel...
2019-10-02 15:32:05
DSME bids in Indian submarine tender [Shipbuilding]
Daewoo Shipbuilding & Marine Engineering (DSME) weighed in its bidding in $6.3bn submarine tender for the Indian Navy. Sources said that the company is participating in the tender for six units of Project-75I advanced conventional submarin...
2019-10-02 15:15:05
HMD won three Greek MR tankers [Shipbuilding]
Evangelos Pistiolis-led Central Group has ordered three mid-sized tanker newbuildings at Hyundai Mipo Dockyard (HMD).   TradeWinds reported that the company has ordered three 50,000-dwt MR2 tankers, bringing up its MR bookings at Hyundai H...
2019-10-02 14:34:36
Big guns for big jobs: Haliade-X at Dogger Bank [Offshore]
Dogger Bank Wind Farms, which is developing what will become the world’s largest offshore wind farm when built, has today unveiled GE Renewable Energy as its preferred turbine supplier. Under the new deal, GE Renewable Energy will supply Dog...
2019-10-02 10:12:38
GTT/DSEC to design Ponant cruise fuel tank [Equipment]
GTT to collaborate with DSEC for the supply of the LNG tanks on the PONANT polar exploration vessel under construction in the Norwegian shipyard VARD GTT will subcontract the LNG tank construction to DSEC on a LNG as fuel project related to th...
2019-10-02 08:59:13
BIMCO proposes power limit for GHG reduction [Shipping]
BIMCO has submitted a proposal to the International Maritime Organization (IMO) to regulate propulsion power of ships in order to sustain the GHG savings already achieved through slower steaming. While it remains a fact that ships’ speed i...
2019-10-02 08:56:57
TMC to equip Liza Unity FPSO [Equipment]
Shanghai Waigaoqiao Shipbuilding has awarded TMC Compressors of the Seas (TMC) a contract to supply the marine compressed air system to the Liza Unity FPSO. Under the contract, TMC will provide a large compressed air system consisting of frequ...
2019-10-02 08:55:56
Subsea 7 awarded contracts offshore Azerbaijan [Offshore]
Subsea 7 announced today the award of two contracts, together representing a sizeable contract award, by BP Exploration for the Azeri Central East (ACE) project in the Azeri-Chirag-Deepwater Gunashli (ACG) field in the Caspian Sea in a water dept...
2019-10-02 08:55:22
NIBULON sets shipbuilding records in Ukraine [Shipbuilding]
NIBULON, a leader in the agrarian market and shipbuilding sector of Ukraine, once again demonstrated its productivity, innovation, and efficiency. Recently, the company has put into operation a 140-m NIBULON MAX river-sea floating vessel, the lon...
2019-10-02 08:44:30
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