HMD union starts strike [General]
Hyundai Mipo Dockyard (HMD) union holds a strike, the first time in 23 years due to impasse in the wage negotiation.   The union staged a 4-hour partial strike on October 11. After the commencement of the strike, the union members marched ...
2019-10-14 16:06:07
VLCC rate at a high of 11 years [Shipping]
VLCC spot rate is recording the historic high since 2008 with continuing sanctions against Iran and Venezuela, while some tankers of COSCO Shipping Energy Transportation returning to the spot market. It seems the competition among charterers/ship...
2019-10-14 15:30:06
'Korean ports to take ECA umbrellas' [Shipping]
Korea is implementing ECA (Emission Control Area) to its five largest ports (Busan, Incheon, Yeosu, Gwangyang, Pyeongtaek-Dangjin) from September 2019.   The 0.1% sulfur limit will be forced to mooring ships from September 2020. The regula...
2019-10-14 14:42:49
Aker Solutions named as the lowest bidder [Offshore]
Aker Solutions has emerged as the lowest bidder in a bid opening ceremony for a subsea project. The tender comprises the delivery of a significant number of manifolds for a deepwater field. Subject to completion of internal processing by ...
2019-10-14 10:35:28
CMP and DFDS to establish shore power in Copenhagen [Shipping]
Copenhagen Malmö Port (CMP) and DFDS have reached an agreement to establish a shore power facility in Copenhagen, which means that the Crown Seaways and Pearl Seaways vessels will be able to receive electricity from land. A shore power facilit...
2019-10-14 08:54:54
Singapore Maritime Institute held R&D forum [General]
Over 170 leaders from the maritime industry, including industry associations, business and technology leaders, institutes of higher learning (IHLs), research institutes and government agencies took part in the annual Singapore Maritime Institut...
2019-10-14 08:54:27
Ideol and Taisei sign MOU for floating wind [Offshore]
Ideol and Taisei corporation have signed a Memorandum of Understanding (MoU) for the  joint development and promotion in Japan of concrete foundations for floating offshore wind using Ideol’s patented Damping Pool® technology. Ideol is...
2019-10-14 08:31:22
NYK holds annual Dry Bulk Safety Conference [Shipping]
NYK held its annual Dry Bulk Safety Conference at the company’s headquarters in Tokyo to share safety awareness and review trouble response for dry bulk vessels. A total of 75 participants from 41 Japanese shipowners and ship-management compani...
2019-10-14 08:30:25
Shelf Drilling awarded contract in India [Offshore]
Shelf Drilling, Ltd. (“Shelf Drilling” or the “Company”, OSE: SHLF) announced that it has received an award for a three-year contract for the Trident II jack-up rig with Oil and Natural Gas Corporation (ONGC) for operations in the Mumbai ...
2019-10-14 08:28:59
Tekmar Group makes third acquisition [Offshore]
Tekmar Group plc, a market-leading technology provider of subsea protection systems is pleased to announce that it has signed a sale and purchase agreement for the acquisition of Pipeshield® International ltd (“Pipeshield® “) from its found...
2019-10-14 08:27:12
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