"Competition heating up for LNG tank dominance" [Equipment]
The current dominator of the LNG containment system market, GTT, is on edge due to challengers in Korea, an analyst commented. Park Moo-Hyun, a researcher at Korea's Hana Financial Investment, said in his report that “GTT stock is dropping s...
2019-05-30 15:38:39
HK Shipbuilding to establish JV in Russia [Shipbuilding]
HK Shipbuilding, in its pursuit to enter the Russian fishing vessel shipbuilding market, is to establish a joint venture in Russia with a local partner, Slavyanka Shipyard. HK and Slavyanka Shipyard under Berkut Group signed a contract to es...
2019-05-30 15:14:39
Offshore wind expects CAGR 18% by 2023 [Offshore]
The global offshore wind market is expected to grow exponentially by 2023 with CAGR (Compound annual growth rate) of 18% for $17bn more. In a recent report, UK analyst outfit Technavio see that over 64% of the market would come from monopile f...
2019-05-30 14:21:04
NPS says 'yea' to the physical division [Finance]
The National Pension Service of Korea (NPS) decided to approve the physical division of Hyundai Heavy Industries (HHI) in the coming general meeting of shareholders. NPS’s stewardship expert committee announced such a decision on May 29 afte...
2019-05-30 13:58:37
MAN ES wins Africa Europe Award [General]
MAN Energy Solutions won the "Africa Europe Award 2019", which was presented this year for the first time. Marc Grünewald, Vice President at MAN Energy Solutions, accepted the award on the evening of May 28 in Frankfurt. The ceremony was held at...
2019-05-30 10:41:59
ABB opens Marine Service Center in Murmansk [Equipment]
The newly inaugurated center will support ABB’s ship power, propulsion and automation technologies and expand service capabilities for ice-going vessels The new Marine Service Center builds on a decade of local ABB services in support of ice...
2019-05-30 10:39:59
DMCA participates at Nor-Shipping 2019 [General]
Dubai Maritime City Authority (DMCA) will be underlining its increasingly prominent position as a global maritime hub at Nor-Shipping 2019, in the latest example of its strategy to highlight Dubai's vibrant maritime sector. The event, one of the ...
2019-05-30 08:55:48
Wilhelmsen offering more safe mooring [Equipment]
Despite the industry’s best intentions, such as designating hazardous snap-back zones on mooring decks, or the drawing up of detailed line management and mooring plans, mooring remains an incredibly highrisk task. Serious, often fatal, accident...
2019-05-30 08:54:28
Bechtel won EPC deal to for Rio Grande LNG [General]
Bechtel, a global leader in project management, engineering, and construction, has been awarded the engineering, procurement, and construction (EPC) contract by NextDecade for the first phase of the Rio Grande liquefied natural gas (LNG) project....
2019-05-30 08:52:20
Babcock to deliver LPG solutions to LPG-powered ship [Equipment]
Babcock’s LGE business, the global leader in liquid gas solutions, has secured a contract for the LPG cargo handling and Fuel Gas Supply System (FGSS) for the world’s first newbuilding vessel to use LPG as a primary fuel source. The 86,000...
2019-05-30 08:50:38
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