HSHI nets LNGC duo from Europe [Shipbuilding]
Hyundai Samho Heavy Industries (HSHI) turns out to have secured this year's first new order from Europe. Korea Shipbuilding & Marine Engineering (KSOE) announced through a regulatory filing on January 6 that its subsidiary HSHI has been aw...
2020-01-06 16:37:49
SHI pays compensation to Valaris [Offshore]
Valaris plc (“Valaris” or the “Company”) has recently announced that it received a $200 million cash payment upon the conclusion of previously disclosed arbitration proceedings, and provided an update on contracting for its rig fleet an...
2020-01-06 10:31:48
Share purchase agreement extends [Shipbuilding]
Prosafe SE and Floatel International Ltd announced on January 2nd that they have agreed to extend the long stop date in the share purchase agreement from 31 December 2019 until 30 June 2020. Competition clearance continues in Norway and the UK...
2020-01-06 10:28:59
FPSO POLVO' extension contract [Shipbuilding]
BW Offshore announced on January 4 that it has signed an agreement with PetroRio for a one-year extension for the lease and operation of FPSO Polvo. The firm period has been extended to Q3 2020 (from Q3 2019), with options until Q3 2022. Editi...
2020-01-06 10:27:15
EastMed pipeline will become commercial operation [Shipbuilding]
Energean (LSE: ENOG, TASE: אנאג (and the Public Gas Corporation of Greece (“DEPA”) have announced that they agree to cooperate to further support the EastMed Pipeline Project. Ahead of the Intergovernmental Agreement on the EastMed Pipeli...
2020-01-06 10:23:46
Euronav's sale and leaseback agreement [Shipbuilding]
Euronav NV (NYSE: EURN & Euronext: EURN) (“Euronav” or the “Company”) announced on January 2nd that it has entered into a sale and leaseback agreement for three VLCC vessels with Taiping & Sinopec Financial Leasing Ltd Co. ...
2020-01-06 10:21:17
KVH & Kongsberg achieve Iot system installation [Shipbuilding]
KVH Industries, Inc., (Nasdaq: KVHI), and Kongsberg Digital has announced on January 2nd that the successful installation of their first joint maritime IoT system on an active working vessel. The team installed a KVH Watch VSAT antenna for IoT ...
2020-01-06 10:19:02
GEV Extends LOI of CNG project with CIMC [Shipbuilding]
GEV announced on January 2nd that Global Energy Ventures Ltd (ASX: GEV, the Company), the leading developer of global integrated marinecompressed natural gas (CNG) projects, is pleased to announce an extension of a Letter of Intent (LOI) withYant...
2020-01-06 10:16:28
Nantong Huakai declared bankrupt [Shipbuilding]
It turned out that China Ocean Industry's wholly owned subsidiary Nantong Huakai Heavy Industry has finally been declared bankrupt.  According to industrial source and foreign press, a Jiangsu-based court reportedly declared the Chinese...
2020-01-06 09:07:16
BW announces FSRU conversion [Shipbuilding]
BW LNG, an affiliate of Singaporean shipowner BW Group, has recently announced through its social network service channel that the modification of the FSRU 'BW Magna' was completed. The 173,400 cbm FSRU will be hired by Gas Natural Acu (GNA), ...
2020-01-06 09:05:03
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