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"The Key is the market definition"
[Shipbuilding]
Korea Fair Trade Commission (KFTC) Chairman Kim Sang-jo commented that the acquisition of Daewoo Shipbuilding & Marine Engineering (DSME) by Hyundai Heavy Industries (HHI) would be reviewed reasonably so that other competition authorities can...
2019-03-12 16:08:07
SWS adds a new offshore arm
[Offshore]
Shanghai Waigaoqiao Shipbuilding (SWS) has officially established a new offshore yard in Qidong, Jiangsu Province, China. The new yard is named as 'Waigaoqiao Qidong Offshore Engineering Company.‘ The yard is planned to acquire assets of Hon...
2019-03-12 15:45:41
Baku Shipyard to build two tankers
[Shipbuilding]
Baku Shipyard of Azerbaijan has reportedly received an order for two tankers from a compatriot operator, Caspian Shipping. Foreign media reported that the ships are 7,875-dwt product/chemical tankers, which will be delivered in 2021. The marke...
2019-03-12 14:49:47
Namura scores two 80K bulkers
[Shipbuilding]
Taiwan Navigation (TNC) has ordered two Kamsarmax bulkers at Namura Shipbuilding of Japan. The two 80,000-dwt units would feature scrubbers to satisfy NOx Tier III standard. Newbuilding price is reported to be around $33.9m apiece, and the del...
2019-03-12 14:22:23
CMHI won Fast4Ward FPSO hull from SBM
[Offshore]
SBM Offshore, one of the largest FPSO provider in the world, has ordered additional ‘Fast4Ward’ FPSO hull at a Chinese yard. Upstream and sources reported that SBM has ordered its standardized FPSO hull, Fast4Ward, at China Merchants Heavy...
2019-03-12 13:43:35
PANASIA strikes retrofit deal with compatriot owners
[Equipment]
PANASIA has signed a U-Type scrubber retrofit contract for two ships with Changmyung Shipping, sources told. On the top of the deal, it is understood that PANASIA has struck a separate agreement with another owner for three ships to equip them...
2019-03-12 12:22:57
BP introducing new MARPOL-compliant fuel
[Shipping]
BP Marine has announced that it will begin to retail low sulphur fuel that meets new MARPOL regulations limiting the sulphur content of marine fuels. BP is introducing a new very low sulphur fuel oil (VLSFO), with a maximum 0.5% sulphur content, ...
2019-03-12 11:02:09
Hapag-Lloyd choose MGO for expedition cruises
[Equipment]
Together with the introduction of new expedition cruise catalogues for the 2020-2021 season. Hapag-Lloyd Cruises has also announced that low-pollutant marine gas oil (MGO) will be used exclusively on all routes sailed by its expedition ships in t...
2019-03-12 10:36:39
BP awards offshore contracts to McDermott and BHGE
[Offshore]
McDermott International, Inc. (NYSE: MDR) and Baker Hughes, a GE company (NYSE: BHGE) have announced that they have been awarded subsea umbilicals, risers and flowlines (SURF) and subsea production system (SPS) equipment contracts by BP for the G...
2019-03-12 10:05:51
Wight delivers ferry to MBNA Thames Clippers
[Shipping]
UK shipbuilder Wight Shipyard Co has completed its third and largest vessel for MBNA Thames Clippers, the first Hunt Class Mk3. The 38m Venus Clipper has been built to a ten-month build schedule and is reflective of the increased business the yar...
2019-03-12 08:29:29
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