KOBC to expand S&LB, newbuilding backup scheme [Shipbuilding]
The Korea Ocean Business Corporation (KOBC) is planning to expand shipbuilding support, including S&LB and newbuilding financing. The Corporation announced on July 1 that it is enlarging its S&LB pocket from KRW100bn to KRW160bn level ...
2019-07-03 15:55:28
Korean equipment makers seeking Chinese owners [Equipment]
The Korea Marine Equipment Association (KOMEA), with 10 Korean marine equipment makers, held a business conference during June 26-27 inviting 12 local owners and shipyards. In this year, the event was jointly held with a local partner, ShipPar...
2019-07-03 15:20:13
LOI signed for CNG OPTIMUM 200 ship [Shipbuilding]
Global Energy Ventures Ltd (ASX: GEV, the Company), the leading developer of global integrated marine compressed natural gas (CNG) projects, announced the execution of a Letter of Intent (LOI) with Yantai CIMC Raffles Offshore, Ltd (‘CIMCRaffle...
2019-07-03 15:03:51
Ouhua goes under the hammer [General]
Bankrupted Chinese yard Zhejiang Ouhua Shipbuilding goes under the hammer. Sources said that the court managers of the yard post the entire assets of the shipyard, including plot, facilities, and unfinished ships, at online bidding, which woul...
2019-07-03 14:46:27
Kangnam to build up to four squid catchers [Shipbuilding]
Kangnam Corporation of Korea won two 72m pole-and-line squid fishing boats from Agnes Fishing and Seungjin Fishing. The contract is the first phase of the MOF backed safety fund for deep-sea fishing boats, which is aiming to replace old fishin...
2019-07-03 14:17:55
NOV announces contract award by SHI for STP [Equipment]
APL, a business unit within NOV's Completion & Production Solutions segment, was awarded the supply of a large submerged turret production (STP) system for Samsung Heavy Industries Co. Ltd. The STP will be used for Reliance Industries' FPSO o...
2019-07-03 10:16:31
Meyer Turku wins third Icon class ship [Shipbuilding]
Royal Caribbean Cruises Ltd. and Meyer Turku shipyard have signed an agreement (still subject to financing) on the delivery of a third Icon class cruise ship, to be delivered from Turku in the spring of 2025. The previous Icon ships are to be del...
2019-07-03 10:15:47
TechnipFMC won subsea deal in India [Offshore]
TechnipFMC (NYSE: FTI) (PARIS: FTI) has been awarded significant(1) subsea contracts by Reliance Industries Limited for the MJ1 field located in deep water offshore India in the Krishna Godavari basin. These contracts cover the fabrication and...
2019-07-03 08:36:24
Six Months to go to the ‘Global Sulphur Cap’ [Shipping]
With six months to go until the implementation of the 'Global Sulphur Cap' the International Chamber of Shipping (ICS) has issued updated guidance to help shipowners comply with new UN International Maritime Organization (IMO) regulations. Taking...
2019-07-03 08:35:31
Seaspan delivers OFSV to Canada [Shipbuilding]
Seaspan Shipyards (Seaspan) and the Government of Canada celebrated the official handover of the first Offshore Fisheries Science Vessel (OFSV), the CCGS Sir John Franklin to the Canadian Coast Guard (Coast Guard). An official handover ceremony t...
2019-07-03 08:34:44
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