GE makes appearance in MADEX 2019 [Equipment]
US enterprise GE announced that it is participating in the ‘MADEX 2019’ event, which will take place at BEXCO, Busan from October 22 to 25. MADEX 2019, or International Maritime Defense Industry Exhibition, will feature a variety of technolog...
2019-10-21 15:54:51
Ship financing at the bottom level since 2008 [Finance]
The volume of global ship finance is at the lowest level since 2008 when the financial crisis devoured the world.   Petrofin Bank Research of Greece reported that the ship financing from the global top 40 banks is now at $300.7bn, which is...
2019-10-21 14:28:29
KSOE increased logbook in September [Shipbuilding]
Korea Shipbuilding & Offshore Engineering (KSOE) has revealed Hyundai Heavy Industries’ (HHI’s) accumulated order intake by September as $4.416bn, which is 32.9% yoy decrease. It can also be translated into a 37.6% of HHI’s yearly goal....
2019-10-21 14:10:51
EDPR and Aker to join floating wind farm in Ulsan [Offshore]
WindPower Korea, EDP Renewables and Aker Solutions have formed a consortium with the ambition to develop an initial  500MW floating wind farm off the coast of Ulsan Metropolitan City in South Korea. The consortium was formed as EDP Renewa...
2019-10-21 10:32:13
MSC not to take NSR [Shipping]
MSC Mediterranean Shipping Company, a global leader in transportation and logistics, has decided not to use the Arctic as a new short cut between northern Europe and Asia and will instead focus on improving environmental performance on existing g...
2019-10-21 08:24:27
MOL introduces AR navigation in Dubai [Equipment]
Mitsui O.S.K. Lines, Ltd. (MOL; President & CEO: Junichiro Ikeda) announced that, along with Furuno Electric Co., Ltd. (President: Yukio Furuno; Headquarters: Nishinomiya-shi, Hyogo Prefecture), it made a joint presentation of their advanced ...
2019-10-21 08:23:38
2021: First fuel cells for AIDAnova [Shipbuilding]
As early as 2021, AIDA Cruises will be the world’s first cruise company to test the use of fuel cells on a large passenger ship as part of the “Pa-X-ell2” research project on board of AIDAnova. In addition to AIDA Cruises (represented by...
2019-10-21 08:22:12
VT Halter launched LNB bunker ATB [Shipping]
 A few weeks after being named, the Q-LNG 4000 launched from the docks of VT Halter Marine, Inc. (VT Halter Marine), a company of ST Engineering North America. The Q-LNG 4000 is America’s first offshore Liquefied Natural Gas Articulated Tu...
2019-10-21 08:21:41
Keppel delivers fourth jackup rig to Borr Drilling [Offshore]
Keppel Offshore & Marine Ltd (Keppel O&M) has, through its wholly-owned subsidiary Keppel FELS Ltd (Keppel FELS), delivered the state-of-the-art jackup rig, Hermod, to Borr Drilling Limited (Borr Drilling) safely, on time and within budge...
2019-10-21 08:19:57
BHGE changes its name to Baker Hughes [Offshore]
Baker Hughes, a GE company (NYSE: BHGE) announced today its successful name change to Baker Hughes Company. The Company will be known as Baker Hughes, and on Oct. 18, 2019, its Class A common stock will begin trading on the New York Stock Exchang...
2019-10-21 08:19:19
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