HSG inked MOU for Sungdong acquisition [Shipbuilding]
Sungdong Shipbuilding & Marine Engineering has signed MOU with the preferred bidder HSG Heavy Industries - Curious Partners consortium on November 29. HSG - Curious consortium paid contract execution guarantee money, 5% of the total ac...
2019-12-02 15:22:01
SHI won two Aframax ships from Europe [Shipbuilding]
Samsung Heavy Industries (SHI) announced in a regulatory filing on December 2nd that it has signed KRW 187.5bn or about $160m deal with with an Eurasian shipowner to build two ice-class Aframax tankers. The ships will be delivered by March 2022...
2019-12-02 14:49:00
SCHOTTEL to propel world's largest live fish carrier [Equipment]
SCHOTTEL turns out to have once again been awarded orders in the Norwegian fishery segment. Thus, the world’s largest live fish carrier (LFC) as well as a 67-metre state-of-the-art longliner will feature thrusters from the German propulsion exp...
2019-12-02 09:46:59
Frontline makes loss in 3Q [Offshore]
Frontline Ltd. has recently reported unaudited results for the three and nine months ended September 30, 2019.  Highlights ＊Reports a net loss of $10.0 million, or $0.06 per share, for the third quarter of 2019. ＊Reported spot a...
2019-12-02 09:41:09
Saipem secures two offshore windfarm projects [Offshore]
Saipem announced on November 28 that it has been awarded a contract by the French company EDF Renewables for the construction of the Neart na Gaoithe (NnG) wind farm offshore Scotland. This is the first turn-key project awarded to Saipem in th...
2019-12-02 09:36:49
Subsea 7 nets Australian offshore deal [Offshore]
Subsea 7 has recently confirmed a substantial contract award by Woodside for the execution of phase 2 of the Julimar-Brunello Project. This contract was awarded to Subsea 7 earlier this year, subject to the final investment decision of the Julima...
2019-12-02 09:34:10
“K” Line active in LNG-fueled ship sector [Shipping]
In December 2018, Kawasaki Kisen Kaisha, Ltd. (“K” Line) placed an order for a car carrier vessel fueled by LNG (liquefied natural gas) with Imabari Shipbuilding Co., Ltd. as a next-generation car carrier vessel with reduced environmental loa...
2019-12-02 09:31:33
Shell reportedly seeking 16 LNG carriers [Shipbuilding]
Energy major Royal Dutch Shell is reportedly seeking up to 16 LNG carriers. Industry sources said Shell is now looking for up to 16 LNG carrier newbuildings, which is double the number previously known, TradeWinds reported. The energy company ...
2019-12-02 09:01:32
Timing & technology essential for recovery of NB sales [Shipbuilding]
Speaking ahead of Marintec 2019, Steve Gordon, Global Head of Clarksons Research commented, “Since the last Marintec, the timetable of shipping environmental regulation has continued to accelerate, becoming increasingly central to many investme...
2019-12-02 08:59:43
Rosatom plans boxship business in Arctic [Shipping]
Rosatom Group plans to make an investment of as much as $7bn with the goal of becoming the world's largest containership operator. The Russia's state-run nuclear energy company aims to provide its container shipping service through the Northern S...
2019-12-02 08:52:02
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