42% of global orderbook to be delivered in 2019 [Market Information]
Global newbuilding orderbook recorded 206.3m dwt (79.6m cgt, 3,111 units) at the end of January this year, which is 4% lower compared to a year ago in terms of cgt. Of the current orderbook, 42% in cgt terms is scheduled to be delivered by the en...
2019-02-22 16:44:36
Sembmarine logged a really red year [Offshore]
Sembcorp Marine (Sembmarine) announced 2018 operating results on February 20. It logged net loss of SGD74.1m (around USD54.8m), which is a massive fall from 2017’s net profit of SGD260m. On the other hand, the outfit’s yearly revenue recor...
2019-02-22 16:02:50
Keppel successfully delivered Cantarell IV [Offshore]
Keppel Offshore & Marine (Keppel O&M) announced on February 20 that its wholly owned subsidiary Keppel FELS has successfully delivered jack-up rig Cantarell IV to Grupo R, a Mexican drilling company. Keppel added that through another w...
2019-02-22 15:02:40
HHI Group enjoyed impressive growth in January [Shipbuilding]
Three companies of Hyundai Heavy Industries (HHI) Group recorded an astonishing January in terms of revenue, while the order intakes were crawling. Hyundai Heavy Industries (HHI) announced on February 21 through a regulatory filing that its Ja...
2019-02-22 14:24:05
DSME cranks up yearly goal [Shipbuilding]
Daewoo Shipbuilding & Marine Engineering (DSME) announced on February 21 through a regulatory filing its 2019 revenue target (separate basis) as KRW8.1434trn, with order intake target being $8.37bn. DSME has added 47 ships worth $6.81bn in...
2019-02-22 13:42:57
Maersk accelerates reorganizations [Shipping]
Progress on the transformation of A. P. Moller - Maersk continued in 2018. Customers benefitted from integrated offerings, digital solutions and robust network improvements. Since 2016, the topline has grown by 43%, to USD 39bn in 2018, an additi...
2019-02-22 11:40:55
Europe's largest dry dock in the making [Offshore]
PSW Group has today (20.02.19) signed an agreement with Wergeland Holding AS concerning the use and commercialization of Europe's largest dry dock for drilling units. The agreement covers all activities related to inspection, repair and maintenan...
2019-02-22 11:18:44
Joint methanol project launched [Shipping]
A consortium of leading international maritime companies, supported by Maritime Knowledge Centre, have joined forces to further investigate the feasibility of methanol as a sustainable alternative transport fuel in the maritime sector. Major s...
2019-02-22 11:15:57
SCHOTTEL presents new thruster for shallow-water [Equipment]
SCHOTTEL, one of the world’s leading manufacturers of marine propulsion systems, is presenting the new SCHOTTEL Pump Jet type SPJ 30 – a state-of-the-art shallow-water thruster that is suitable for a wide range of different vessel types, such...
2019-02-22 08:42:55
Oceaneering awarded contract at Tyra redevelopment [Offshore]
Oceaneering International, Inc. (“Oceaneering”) has been awarded a two-year Integrity Management contract with Total E&P Danmark (“Total”) to support its significant Tyra Redevelopment project in the Danish North sea. Oceaneering...
2019-02-22 08:41:51
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