HHI winds up its French offshore unit [Offshore]
Korea's Hyundai Heavy Industries has liquidated its French unit last May as offshore engineering and fabrication orders dried up. According to industry sources the Korean shipbuilding and offshore engineering company has wound up the 'Hyun...
2019-11-25 15:17:10
SHI reaches 90% in its sales target this year [Shipbuilding]
Samsung Heavy Industries Co. has signed a $1.5 billion supply deal with the Eurasian shipowner to build LNG carriers, taking a step closer to this year's order target of $7.8 billion. The Korean large shipbuilder said in a regulatory filing ...
2019-11-25 14:30:20
Golden Energy joins hands with KONGSBERG [Offshore]
Norwegian advanced Offshore Service Vessel (OSV) owner and operator Golden Energy Offshore has reported that its long-term collaboration on vessel performance monitoring with Kongsberg Maritime and deployment of the containerised SAVe Energy batt...
2019-11-25 09:37:29
SCHOTTEL wins tanker propulsion equipment [Equipment]
Following the latest deliveries of SCHOTTEL Rudder EcoPellers for Norwegian ferries, the highly efficient azimuth thruster has now entered the tanker segment. The German manufacturer of propulsion systems recently received an order to supply two ...
2019-11-25 09:32:29
Japan to build self-elevating platform [Offshore]
It turned out that the three companies, Penta-Ocean Construction Co., Ltd., Kajima Corporation (President, Mr. Yoshikazu Oshimi), and Yorigami Maritime Construction Co., Ltd. (President, Mr. Masafumi Yorigami), have agreed to jointly construct a ...
2019-11-25 09:28:07
Ecochlor to demonstrate its BWMS at Marintec China [Equipment]
Ecochlor, Inc. announced on November 21 that the company will display its ballast water management system (BWMS) at Marintec China, Stand N3D5N, to give customers an opportunity to understand why the system is widely regarded as one of the best, ...
2019-11-25 09:19:48
Flex LNG makes profit in 3Q [Finance]
Flex LNG has recently announced its unaudited financial results for the third quarter and nine months ended September 30, 2019.    Highlights: ＊Reported revenues of $29.8 million for the third quarter 2019, compared to $19.0 mill...
2019-11-25 09:16:20
Yinson inks refinancing deal for FPSO [Finance]
Yinson Holdings Berhad turns out to have recently sealed a USD800 million refinancing agreement with 13 local and global banks to refinance FPSO John Agyekum Kufuor, Yinson’s vessel which is currently operating in OCTP Block, offshore Ghana. Th...
2019-11-25 09:11:42
DIF invests in LNGC quintet [Shipbuilding]
DIF Capital Partners, through its DIF Core Infrastructure Fund I (“DIF CIF I”), has recently announced that it has signed final documentation alongside ship-owner Geogas Maritime and Access Capital Partners for the acquisition of a 50% stake ...
2019-11-25 09:07:34
Maersk nets FPSO tow and mooring installation deal [Offshore]
Maersk Supply Service announced on November 21 that the company has been awarded an integrated FPSO tow and mooring installation project for an operator in the North Sea. The work scope includes project management, engineering and offshore execut...
2019-11-25 09:05:27
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