China closed 1H frowning [Market Information]
Data showed that the Chinese shipbuilders' 1H order intake shrank by almost half compared to the last year. The backlog also decreased by over 10%. The China Association of the National Shipbuilding Industry (CANSI) published the country's shi...
2019-08-02 13:45:17
China closed 1H frowning [Shipbuilding]
Data showed that the Chinese shipbuilders' 1H order intake shrank by almost half compared to the last year. The backlog also decreased by over 10%. The China Association of the National Shipbuilding Industry (CANSI) published the country's shi...
2019-08-02 13:43:02
KHI shipbuilding turn to deficit [Shipbuilding]
Kawasaki Heavy Industries (KHI) shipbuilding and offshore business logged an operating loss of JPY300m during Q1 FY2019 (Apr-Jun 2019), turning to deficit from the same time last year's JPY1.3bn operating profit. Observers see that reduced output...
2019-08-02 12:38:03
OSC buys two new 64K BCs [Shipbuilding]
Oman state-run shipping company OSC (Oman Shipping Company) has acquired two Ultramax bulkers right before their completion in a resale deal. TradeWinds and other industry sources reported that OSC splashed a total of around $46m, which can be...
2019-08-02 11:03:13
MacGregor now loaded with TTS marine & offshore business [Offshore]
Cargotec’s MacGregor business area has completed the acquisition of the marine and offshore businesses of TTS Group ASA. Cargotec announced in February 2018 an agreement to acquire the businesses for an enterprise value of approximately EUR 87 ...
2019-08-02 10:01:00
MES builds new shipbuilding JV [Shipbuilding]
Mitsui E&S Shipbuilding Co., Ltd. ("MES-S"; Head Office: Chuo-ku, Tokyo; President and CEO: Tetsuro Koga), in partnership with Mitsui & Co., Ltd. ("Mitsui"; Head Office: Chiyoda-ku, Tokyo; President and CEO: Tatsuo Yasunaga) and Yangzijia...
2019-08-02 09:58:57
Danfoss adds North American footprint [Equipment]
After receiving final approval, Danfoss has announced the closing of the deal to acquire all outstanding common shares of UQM Technologies, Inc., a developer of alternative energy technologies. UQM is a leading expert and the technology leader...
2019-08-02 09:57:28
Repsol to fuel LNG to Brittany Ferries [Shipping]
Repsol will supply LNG to Brittany Ferries’ operations in Spain. Under the agreement, the energy company will build two LNG bunker terminals at the ports of Bilbao and Santander, where Brittany Ferries conducts its Spanish operations. Each term...
2019-08-02 08:46:21
BHGE released Q2 results [Offshore]
Baker Hughes, a GE company (NYSE: BHGE) ("BHGE" or the "Company") announced results today for the second quarter of 2019. “We delivered a solid second quarter 2019 both commercially and operationally. The trends for our longer-cycle business...
2019-08-02 08:45:33
Fugro smiles thanks to offshore wind [Offshore]
Fugro published improved 1H results on july 31, thanks to offshore wind. -After a weak first quarter, the second quarter results of Fugro’s core business improved significantly, resulting in an EBIT margin of 2.9% in the first half year comp...
2019-08-02 08:44:52
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