SWS inks LOI for 2+2 Aframax TKs [Shipbuilding]
It turned out that good progress has been made towards a tanker newbuild talks between Greek operator Pantheon Tankers and CSSC-affiliated Shanghai Waigaoqiao Shipbuilding (SWS).   According to industrial source and TradeWinds, the t...
2019-04-15 15:20:33
HHI sold all equipment arms [Finance]
Hyundai Heavy Industries (HHI) has sold all of its shipbuilding equipment arms.  The Korean shipbuilding tycoon has recently announced that it sold Hyundai Hyms to Hercules Holdings, a consortium comprised of Korean financial institutes, ...
2019-04-15 14:48:12
3rd sale of Sungdong opened [Finance]
The third public sale of Sungdong Shipbuilding & Marine Engineering has been opened. Samil PwC, advisor for the sale, gave public notice of the Sungdong M&A on April 15.   The sale is carried out under a competitive tendering...
2019-04-15 14:19:28
McDermott awarded offshore EPCI jackets [Offshore]
McDermott International, Inc. (NYSE: MDR) announced a contract award from Qatargas for engineering, procurement, construction and installation (EPCI) for expansion of the North Field offshore facilities in the State of Qatar. The contract for ...
2019-04-15 11:35:23
Sapura secures offshore contracts [Offshore]
Sapura Energy Berhad (Sapura Energy) registered a strong start to its financial year with five new contracts valued at approximately RM1.3 billion for its Engineering and Construction as well as Drilling segments. Among the new wins is the Submar...
2019-04-15 11:34:11
Chevron announces agreement to acquire Anadarko [Offshore]
Chevron Corporation (NYSE: CVX) announced that it has entered into a definitive agreement with Anadarko Petroleum Corporation (NYSE: APC) to acquire all of the outstanding shares of Anadarko in a stock and cash transaction valued at $33 billion, ...
2019-04-15 10:52:57
SEA/LNG: "study confirmed LNG's GHG reduction" [Shipping]
The independent study report launched today has revealed that Greenhouse Gas (GHG) reductions of up to 21% are achievable now from LNG as a marine fuel, compared with current oil-based marine fuels over the entire life-cycle from Well-to-Wake (Wt...
2019-04-15 08:33:59
Wärtsilä launched online asset manager [General]
The technology group Wärtsilä announces the launch of Wärtsilä Online, a totally new web-based customer platform aimed at providing a state-of-the-art support service that allows customers to better manage their installed assets. The new plat...
2019-04-15 08:32:07
Burckhardt provides compressors for XDF ships [Equipment]
Burckhardt Compression is outfitting a 30,000 m3 LNG carrier operated by Knutsen OAS Shipping AS with Laby® compressors. The Laby® compressors will be delivered to Hyundai Mipo Dockyard as part of the fuel gas supply system built by Wärtsilä Oi...
2019-04-15 08:31:31
Total signs Gas Agreement with PNG [General]
Total and its partners ExxonMobil and Oil Search have signed the Gas Agreement with the Independent State of Papua New Guinea defining the fiscal framework for the Papua LNG Project. This Gas Agreement allows the partners to enter the Front-End E...
2019-04-15 08:29:57
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