Sembcorp Marine posts Q1 2019 results [General]
Sembcorp Marine reported net profit of $2 million for the three months ended March 31, 2019 (1Q 2019), compared with net profit of $5 million for 1Q 2018. In 1Q 2019, Group revenue totalled $811 million, compared with $1.18 billion booked in 1...
2019-05-03 16:18:12
NACKS added two Newcastlemax units in orderbook [Shipbuilding]
China-Japan shipbuilding JV Nantong COSCO KHI Ship Engineering (NACKS) has won two Newcastlemax bulkers from Winning International Group, a Singapore shipowner. TradeWinds and other sources reported that the first of two 210,000-dwt ships woul...
2019-05-03 16:03:21
HHI 2019 wage negotiation initiated [Shipbuilding]
The labor and the management of Hyundai Heavy Industries (HHI) held the first round of meeting for 2019 wage negotiation on May 2. On the meeting presented CEO Han Yeong-Seok and Union chairman Park Geun-tae, and around 20 delegates from both ...
2019-05-03 15:37:15
HHI preparing procedures for DSME acquisition [General]
Hyundai Heavy Industries (HHI) Holdings announced the Group is preparing the corporate combination application for EU in regard of its Daewoo Shipbuilding & Marine Engineering (DSME) acquisition. In a recent conference call on May 2, the h...
2019-05-03 15:22:20
HHI ready to build up to 19 LNGCs per year [Shipbuilding]
In the Q1 result conference call, Hyundai Heavy Industries (HHI) revealed the Group’s total LNG carrier construction capacity. The company stated that including its subsidiary Hyundai Samho Heavy Industries (HSHI), the Group could build year...
2019-05-03 14:53:04
Wärtsilä strengthens UK service cover [Offshore]
The technology group Wärtsilä strengthens its service offering by acquiring Ships Electronic Services Ltd (“SES”), a UK based company specializing in navigation and communication electronics, installation, maintenance and repair services, m...
2019-05-03 11:08:33
Pavilion Energy performed STS LNG bunkering [Shipping]
Pavilion Energy has performed the first commercial ship-to-ship LNG bunkering in the Port of Singapore. The operation, the first of such in Singapore, comprised a reload of 2,000m3 of LNG onto a small-scale tanker at the newly-modified Secondary ...
2019-05-03 10:45:00
SHI scores one LNG carrier [Shipbuilding]
Samsung Heavy Industries (SHI) announced on May 3 through a regulatory filing that it won an LNG carrier from an Oceanian owner worth KRW221.6bn (around $190m). The ship’s scheduled delivery is in March 2022. Including the unit, SHI has secu...
2019-05-03 10:08:36
Oceaneering secures new rig support deal [Offshore]
Oceaneering International, Inc. (“Oceaneering”) has recently secured a drilling and completion support contract for integrated services with Wintershall Norge AS. The contract covers ROV services for the drilling unit West Mira, which will...
2019-05-03 08:41:31
QP awards contracts for 8 Drilling Rigs [Offshore]
Qatar Petroleum announced that it has awarded contracts for a total of eight offshore Jackup Drilling Rigs required for the North Field Expansion Project. The drilling rigs are planned to be mobilized and ready for drilling activities starting fr...
2019-05-03 08:40:50
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