HHI develops cutting edge power system for VLCS [Shipbuilding]
Hyundai Heavy Industries Group (HHI Group) is to maximize ship efficiency as it develops state-of-the-art technology to be used in the Very Large Container Ships (VLCS), which can simplify its power system. Korea Shipbuilding & Offshore En...
2019-11-22 16:50:03
2% downturn seen in Japan's ship exports [Market Information]
Japanese shipyards saw a 2.2% year-on-year decline in their new export ship orders last October. According to the Japan Ship Exporters' Association (JSEA), in October, shipbuilders in Japan were awarded 14 vessels of a combined 835,100 gt...
2019-11-22 16:26:49
China's NB orders nearly halved [Market Information]
The China Association of the National Shipbuilding Industry (CANSI) has recently released statistics that shows business results its compatriot shipbuilders made from January to October this year. According to the statistics data, Chinese shipb...
2019-11-22 16:25:22
Korea topped NB orders in Jan-Oct [Market Information]
Global shipbuilders were awarded newbuilds of a combined 17.69m cgt from January to October this year, down by 38% over the same period in the previous year. It also turned out that, during the same period, Korean shipyards occupied the first p...
2019-11-22 16:23:20
Thailand preparing tender for the country's first FSRU [Offshore]
The Electricity Generating Authority of Thailand (EGAT) is preparing to develop the nation's first FSRU. According to a recent report by Bangkok Post, EGAT is now proceeding with the tentative plan on FSRU project with a budget of about TH...
2019-11-22 14:57:04
EPS joins hands with nine startups [Shipping]
Eastern Pacific Shipping (EPS), has recently partnered with global early stage investor and accelerator, Techstars to launch the first dedicated global maritime accelerator called the Eastern Pacific Accelerator powered by Techstars. Today, the E...
2019-11-22 09:26:22
Oldendorff inks ship design contract with MIT [Shipbuilding]
Oldendorff Carriers announced on November 19 that it has signed a research agreement with the Massachusetts Institute of Technology’s (MIT) Center for Bits and Atoms (CBA). Oldendorff, together with CBA and its campus collaborators including MI...
2019-11-22 09:21:54
Petrofac nets EPS deal worth USD 120m [Offshore]
On November 20, Petrofac announced awards and contract extensions with a combined value of more than US$120 million, delivering against the Group’s strategy to position Engineering & Production Services (“EPS”) for growth by diversifyin...
2019-11-22 09:17:55
Euronav buys Suezmax duo through JV [Shipping]
Euronav announced on November 19 that it has entered into a joint venture together with affiliates of Ridgebury Tankers and clients of Tufton Oceanic. Each 50%-50% joint venture company has acquired one Suezmax vessel. Euronav will also provide f...
2019-11-22 09:14:37
Volvo Penta to expand engine range to meet IMO rule [Equipment]
Volvo Penta announced on November 18 that it is expanding its commitment to the WWF Climate Savers program by including its medium-duty engines. The marine D8 IMO III engine range will now be included in the company’s fuel-saving commitment. ...
2019-11-22 09:09:58
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