Valles exercised option for Aframax [Shipbuilding]
Hong Kong operator Valles Steamship has exercised an option for one unit of Aframax tanker at a Japanese yard. TradeWinds and other sources reported that the Koo family-led shipping company has recently exercised the option, which had been att...
2019-06-10 16:15:11
KOMEA run Korean pavilion at Nor-Shipping [Equipment]
The Korea Marine Equipment Association (KOMEA) has run a Korean national pavilion at 'Nor-Shipping 2019' during June 4-7 in Oslo, Norway. Five companies at KOMEA·KOTRA booth secured around 40 negotiations potentially worth around $10,500,000,...
2019-06-10 15:55:33
Three bidders came out for Sungdong sellout [General]
Three bidders emerge for the bidding of court-managed Sungdong Shipbuilding & Marine Engineering. On June 7, three strategic investors submitted LOI to the preliminary bidding by Samil PwC and Changwon District Court. The main tender is...
2019-06-10 15:18:05
Fredriksen behind SHI LNGCs? [Shipbuilding]
Market observers are playing a guessing game about SHI’s two LNGC newbuildings recently unveiled. Samsung Heavy Industries (SHI) had stated on June 7 through a regulatory filing that the yard signed a contract with a Bermuda-based shipowne...
2019-06-10 14:38:07
Tango FLNG accepted by YPF [Offshore]
EXMAR confirmed that it has completed the commissioning of the Tango FLNG. The performance acceptance tests has been successful, the first cargo has been offloaded and will be exported out of Argentina. With this first shipment the start-up of...
2019-06-10 10:33:12
Sovcomflot secured loan for LNG-fuelled MRs [Finance]
At the St. Petersburg International Economic Forum, Sovcomflot and VEB.RF Group announced the signing of agreements whereby VEB Leasing will finance the construction of three new LNG-fuelled MR tankers. Sovcomflot initially placed the order ...
2019-06-10 10:31:28
NOV sells two 20K BOP stacks [Offshore]
National Oilwell Varco, Inc. (NYSE: NOV) announces the sale of two 20,000-psi (20K) blowout preventer (BOP) stacks to Transocean, becoming the first oilfield equipment manufacturer to successfully design, engineer and sell such a package. NOV’s...
2019-06-10 09:00:39
KONGSBERG secures propulsion contract [Equipment]
Kongsberg Maritime will supply a Power & Propulsion System for a new LNG powered multi-purpose cargo vessel of design MM85CC LNG by Multi Maritime. The clean and efficient Kongsberg Maritime propulsion system features a Bergen B36:45L6PG g...
2019-06-10 08:59:22
ABB to modernize Italian lakes ferry [Equipment]
ABB will convert the 1965-built ferry San Cristoforo for hybrid operation by fitting it with an electric power and propulsion system, helping reduce emissions and increase overall energy efficiency The conversion of San Cristoforo, a 386-tonne...
2019-06-10 08:58:22
Industry's first fire prevention notation [Equipment]
Even though great strides have been taken in detecting, containing and extinguishing fires, the best time to fight a fire is before it starts. The desire to work towards a zero-fire engine room led cruise operator RCL, technology group Wärtsilä...
2019-06-10 08:57:26
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