IMO to insert exemption clauses in HFO ban [Shipping]
IMO’s recent meeting approved policies to allow the use of conventional HFO after January 1, 2020, if the concerns about the safety and quality of compliant fuel are legitimate and valid. Recently concerns are spreading in the market that ca...
2019-02-27 16:21:26
EPIK-Hyundai tie for FSRU venture [Shipping]
Korean startup EPIK (Energy Projects and Infrastructure Korea) and Hyundai LNG Shipping have formed a strategic partnership to cooperate in global FSRU projects. EPIK Managing Director Jee Yoon commented that the partnership would be a signifi...
2019-02-27 16:05:39
KDB Chairman advocates DSME sale [General]
KDB Chairman Lee Dong-geol describes the ongoing acquisition of Daewoo Shipbuilding & Marine Engineering (DSME) by Hyundai Heavy Industries (HHI) as ‘the last chance.’ At a press conference on February 26, Lee said that the disposal of...
2019-02-27 15:58:34
India's ABG Shipyard close to liquidation [General]
ABG Shipyard in India seems to face liquidation. The privately-run shipyard’s committee of creditors has recently voted in favour of liquidation of the company, foreign media and industry sources report. Lenders have rejected bids by UK m...
2019-02-27 15:43:54
Kor-Rus JV aims for fishing vessel newbuilding in Russia [Shipbuilding]
HK Shipbuilding of Korea has established a shipbuilding joint venture with Slavyanka Shipyard under Berkut Group of Russia to enter the fishing vessel market in the Russian Far East region. The signing ceremony was held on February 25. The two...
2019-02-27 14:43:43
Gimi FLNG ready to float [Offshore]
Golar LNG Limited ("Golar" or "the Company") (NASDAQ: GLNG) announces that Gimi MS Corporation ("Gimi MS"), a newly incorporated subsidiary of the Company, has entered into a 20-year Lease and Operate Agreement ("LOA") with BP for the charter of ...
2019-02-27 11:27:36
ICS: FONARs are ‘NOT A FREE PASS’ [Shipping]
The International Chamber of Shipping (ICS) has welcomed the decision in principle by the UN IMO that safety or operational concerns about the quality of low sulphur fuels may, in exceptional circumstances, be a valid reason for shipowners to be ...
2019-02-27 10:50:14
Van Oord orders new water injection vessels [Shipbuilding]
Van Oord has ordered the construction of two state-of-the-art water injection vessels at Kooiman Marine Group. The new vessels will be multifunctional and will include systems that ensure optimal deployment. The first vessel will be commissioned ...
2019-02-27 10:21:47
McDermott files 2018 results [Offshore]
McDermott International, Inc. (NYSE: MDR) today reported revenues of $2.1 billion and net loss of $(2.8) billion, or $(15.33) per diluted share, for the fourth quarter of 2018. "Our results for the fourth quarter of 2018 were marked by several...
2019-02-27 08:43:50
Thordon provides lubrication to Viking Cruises [Equipment]
Viking Jupiter, the 47,800gt cruise ship built at Fincantieri's shipyard in Ancona, Italy for Viking Cruises, has been delivered with a Thordon Bearings’ seawater-lubricated propeller shaft system. It is the sixth Viking cruise ship to be fitte...
2019-02-27 08:42:53
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