Korean mid-yards see order growth [Market Information]
Contracting saw a 42.3% year-on-year decrease in the first half of 2019, with vessels of a combined 10.26m cgt reported ordered globally. The value of contracts inked during the same period was $29.2bn, down by 23.2% against a year ago. Compared ...
2019-08-23 16:40:08
Daesun won car ferry for domestic line [Shipbuilding]
Daesun Shipbuilding & Engineering announced that the company signed a newbuilding contract for an environmentally-friendly coastal passenger ship with Hyunsung MCT. On August 22 at Sacheon City Hall met Sacheon mayor and representatives of th...
2019-08-23 15:40:35
"More than 500 LNGCs are in over-125K range" [Shipbuilding]
During the last two quarters, the number of large LNG carriers over 125,000-cbm passed 500 units. In Q2, eight new LNG carriers and one FSRU were delivered.   John Fredriksen's LNG operator Flex LNG said in its Q2 result report that as of ...
2019-08-23 15:01:40
Ominous signals hovering over the market recovery [General]
Clarksons added a voice to the market’s growing concern over bad influences the global economy might inflict on the maritime industry.   A report, written by Frode Morkedal, Erik Hovi, and Henriette Vevstad at Clarksons Platou Securities...
2019-08-23 14:08:44
Wison presents new floating tower solution [Offshore]
Chinese offshore yard Wison Offshore & Marine revealed a new floating foundation to set offshore wind turbines in deep waters.   Named as ‘BT Wind,’ the solution adopts truss buoyant tower structure to set wind turbines on waters. ...
2019-08-23 13:38:40
Methanol Institute welcomes new dual-fuelled tankers [Shipbuilding]
The Methanol Institute has welcomed the launch of two new dual-fuelled tankers capable of operation using clean-burning Methanol. The 49,000dwt product tankers Mari Couva and Mari Kokako were named at the Hyundai Mipo Dockyard by owners Marinv...
2019-08-23 10:15:21
Petrofac secures three-year contract from INEOS FPS [Offshore]
Petrofac’s Engineering & Production Services (EPS) business has been awarded a three-year Operations & Maintenance Support Services contract from INEOS FPS. Under the terms of the agreement, Petrofac will provide personnel to the Uni...
2019-08-23 08:39:04
Equinor expands its cooperation with YPF [Offshore]
Equinor’s executive vice president for Exploration, Tim Dodson, and YPF's CEO Daniel Gonzalez have signed an agreement to jointly explore the CAN 100 offshore block, located in the North Argentinian Basin. The preliminary agreement, which was ...
2019-08-23 08:38:14
Kongsberg wins LTSSP deal with AMC [General]
Kongsberg Digital AS has cemented its long-standing position as the primary supplier of simulation software and hardware to the Australian Maritime College (AMC), with the recent confirmation of a new Long-Term System Support Program (LTSSP). ...
2019-08-23 08:37:36
Robert Allan to develop first LNG pushboat [Shipbuilding]
Natural gas is quickly becoming the “fuel of choice” for the maritime industry, not only for its potential in reducing environmentally hazardous gas emissions, but also for its reduced cost when compared to other fossil fuel-based alternative...
2019-08-23 08:35:46
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