Saudi ready to order Marjan package 2 [Offshore]
Saudi Aramco has signed an agreement on Marjan field offshore package 2 with a consortium including India’s Larsen & Toubro (L&T). Upstream and other sources reported on July 8 that Aramco selected L&T as the preferred bidder for...
2019-07-10 15:29:29
NYK poised to add HSHI LNGC [Shipbuilding]
Japanese liner NYK, who had ordered a 174,000-cbm LNG carrier at Hyundai Samho Heavy Industries (HSHI) earlier this year, is poised to exercise its option for another one at the same yard, according to TradeWinds. Details about the optional un...
2019-07-10 14:56:44
Bulker ordering slows down significantly [Shipbuilding]
The newbuilding activity in the bulker market has slow down significantly, almost half of 2018 level. TradeWinds quoted Banchero Costa head of research Ralph Leszczynski, commenting that around 60 units of bulkers over 20,000-dwt were ordered ...
2019-07-10 14:32:51
China continuing industry consolidation [Shipbuilding]
In the wake of the officialization of the merger between CSSC and CSIC, China is continuing its effort for industry consolidation. Chinese newspaper Caixin reported that the strategic merger of China Merchants Industry Holdings (CMIH), China I...
2019-07-10 14:03:15
Passenger to be converted for LNG-fuel [Equipment]
On Thursday, July 4, shipyard Royal Niestern Sander and AG Ems signed the agreement for the conversion of the passenger ship Münsterland and provide it with an LNG propulsion. Niestern Sander receives a contribution from the European Regional De...
2019-07-10 10:25:34
Saudi Aramco cranks up Marjan and Berri capacity [Shipbuilding]
Saudi Aramco has awarded 34 contracts with a total value of $18 billion for the engineering, procurement and construction of the Marjan and Berri increment programs. The company plans to boost the Marjan and Berri fields’ production capacity by...
2019-07-10 10:24:08
Wärtsilä runs hybrid bulk carrier [Equipment]
The technology group Wärtsilä has achieved a new technology benchmark with the introduction of the marine sector’s first hybrid installation for a bulk carrier. This innovative system will be installed on the M/V ‘Paolo Topic’, a bulk car...
2019-07-10 10:22:14
Naval-Hitachi join hands for floating wind [Offshore]
On the occasion of the recent trip to Japan of the President of the French Republic Emmanuel Macron and the Minister of Economy and Finance Bruno Lemaire, Naval Energies, a leader in Marine Renewable Energies in France and Hitachi Zosen Corporati...
2019-07-10 08:45:04
Tallink Grupp got loan for LNG powered ferry [Finance]
AS Tallink Grupp's subsidiary Tallink Superfast Ltd. and KfW IPEX-Bank GmbH have signed the loan agreement in the amount of EUR 197,6 million to finance the new EUR 247 million LNG powered fast ferry currently under construction in Rauma Marine C...
2019-07-10 08:43:30
CMP expands Selektope-containing antifouling [Equipment]
A new antifouling coating containing the barnacle-repellent active agent Selektope® has been introduced to the market by Chugoku Marine Paints (CMP). SEA PREMIER 3000 PLUS is the eighth product developed by CMP that contains Selektope®, demonst...
2019-07-10 08:42:33
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