Arctech Helsinki found new owners [Shipbuilding]
Arctech Helsinki Shipyard has found its new owner, and the yard is poised to establish a new corporate, changing name. Sources told that Algodor Holdings, owned by two Russian entrepreneurs Rishat Bagautdinov and Vladimir Kasyanenko, has acqui...
2019-05-20 15:59:33
Quotation revealed for 'LNG-ready' conversion [Shipbuilding]
The estimated quotation of Hapag-Lloyd's LNG conversion is revealed. Sources told that the conversion, which would be done by Shanghai Huaran Dadong Dockyard for 105 days, would cost around $30m of costs. The LNG-ready containership Sajir woul...
2019-05-20 15:15:07
Philippines banks acquire HHIC stocks [Finance]
The Rizal Commerical Banking Corporation of the Philippines announced on May 17 through a regulatory filing that the bank has acquired 8.53% of shares in Hanjin Heavy Industries and Construction (HHIC). The share amounts to 7,100,129 shares. S...
2019-05-20 14:22:10
Klaveness orders CLEANBU ships at China [Shipbuilding]
Subsequent to the successful completion of a private placement with gross proceeds of NOK 350 million, and an additional overallotment of about 5%, Klaveness Combination Carriers ASA (“KCC”) will apply for listing at the Oslo Stock Exchange/O...
2019-05-20 13:57:19
Damen to build diamond digger for De Beers [Shipbuilding]
On 15 May 2019, Damen Shipyards Group and De Beers Marine Namibia (Pty) Ltd participated in a special steel cutting ceremony to mark the beginning of construction on a new offshore vessel. In February 2019, De Beers Marine Namibia awarded a contr...
2019-05-20 13:55:38
Jiangnan seals feeder newbuilding deal with Maersk [Shipbuilding]
Maersk recently has made a closure to a feeder newbuildng project, which had been on the table since last summer. TradeWinds reported that Jiangnan Shipyard netted the five 2,500-teu feeder containerships, as well as five more optional units. ...
2019-05-20 13:46:02
Emerson provides laser gas monitoring [Equipment]
In the midst of increasing compliance demands for emissions monitoring and nitrogen oxide (NOx) measurement in industrial applications, companies now have the opportunity to move beyond costly consumables and complex gas sample treatment associat...
2019-05-20 08:55:17
Maersk Product Tankers completes S&LB deal [Finance]
Maersk Product Tankers has entered a sale and leaseback agreement for four MR vessels built in 2015 and 2016 with the Industrial and Commercial Bank of China (ICBC). “The agreement will increase financial flexibility and strengthen the finan...
2019-05-20 08:49:30
Vattenfall-GE join hands for mega-turbines [Offshore]
Vattenfall and GE Renewable Energy plan to join forces in the deployment of GE’s new wind turbine, the Haliade-X in Europe. With a capacity of 12MW, it is the largest offshore wind turbine on the market to date. Development and production of...
2019-05-20 08:48:46
BIMCO publishes first decommissioning standard contract [Offshore]
BIMCO’s Documentary Committee has approved an international standard contract for offshore decommissioning projects to provide a balanced set of terms and conditions to both parties in the process. The contract - DISMANTLECON – was approve...
2019-05-20 08:47:54
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