Daehan won multiple crude carrier contracts
Daehan Shipbuilding of Korea is fortifying its presence in the mid-sized tanker market. The yard announced on May 16 that it won newbuilding contracts for a total of four ships worth KRW265bn from industry leading shipping companies, Minerva a...
DSME posted earnings surprise in Q1
Daewoo Shipbuilding & Marine Engineering (DSME) posted ‘earnings surprise’ in the first quarter. Samsung Securities researcher Han Yeong-su said that “DSME’s first quarter revenue reached KRW2.0721trn, and operating profit reached ...
Torm widens stride to 'scrubbered fleet'
Danish product carrier operator Torm is increasing its bet on scrubbers. In its Q1 result statement published on May 14, the company revealed that it is to equip additional 13 tankers with scrubbers, equipping almost half (34 units) of its ent...
Germany criticizes Chinese "fantasy price"
German shipyard association VSM opens fire at the Chinese shipbuilding industry through a statement released on May 14. In the statement, General Manager of the association Reinhard Luken said that the Chinese shipbuilding industry is offering...
Alfa Laval opens new PureSOx training center
Recently, Alfa Laval inaugurated the Alfa Laval PureSOx Training Centre in Shanghai, China. Focused on the training of commissioning engineers, the new facility will be instrumental in ramping up the skilled workforce prior to the global sulphur ...
Plan for Johan Sverdrup phase 2 approved
The plan for development and operation (PDO) of the second phase of the Johan Sverdrup field development was formally approved by Norwegian authorities on 15 May. The same day sees the construction start of the field’s second processing platfor...
DNV GL-NTU collaborate on 3D printing
DNV GL and Nanyang Technological University, Singapore (NTU Singapore) are supporting academic advances in additive manufacturing – the process of 3D printing – for the maritime, oil and gas and other industries, through a four-year research ...
Equinor splashes massive drilling deals
Equinor has awarded drilling service contracts at a total value of about NOK 2.5 billion, exclusive of options, to several suppliers. The services will be delivered to both new and existing fields on the Norwegian continental shelf. Contracts fo...
GTT won design contract from DSME
GTT has received an order from the Korean shipyard Daewoo Shipbuilding & Marine Engineering (DSME) concerning the tank design of two new 174,000 m3 LNG carriers on behalf of the Greek ship-owner Maran Gas. The delivery of the ships is plan...
Damen opens engineering house at Helsinki
Damen has established a presence in Finland for the first time. The Helsinki office has been set up to take advantage of the depth of engineering expertise that exists in the country following the group’s entry last year into building large ves...
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