Awilco Drilling terminates rig newbuilding contract [Offshore]
Awilco Rig 2 Pte. Ltd. (“AR2”), a wholly owned subsidiary of Awilco Drilling PLC (“Awilco Drilling”), announced on December 28 that AR2 has notified Keppel FELS Limited (“KFELS”) that it has exercised its contractual termination righ...
2020-12-31 09:32:44
Ørsted brings in renowned investors for Changhua wind farm [Offshore]
Ørsted announced on December 29 that it has signed agreements with a consortium comprising global institutional investor Caisse de dépôt et placement du Québec (CDPQ), and Taiwanese private equity fund Cathay PE, who will be acquiring a total...
2020-12-31 09:30:36
Cambodia's maiden oil field comes online [Offshore]
KrisEnergy Ltd. (“KrisEnergy” or the “Company”) announced on December 29 that Cambodia’s first oil field in the offshore Cambodia Block A concession commenced production on 28 December 2020. The Apsara field began flowing from a single ...
2020-12-31 09:25:55
Eagle Bulk acquires 2 modern bulkers [Shipping]
Eagle Bulk Shipping Inc. (NASDAQ: EGLE) (“Eagle Bulk”, “Eagle” or the “Company”), one of the world’s largest owner-operators within the Supramax / Ultramax drybulk segment, announced on December 29 that it has purchased two modern h...
2020-12-31 09:20:59
HHI Holdings sets up smartship arm [General]
Hyundai Heavy Industries (HHI) Holdings announced on December 22 in a regulatory filing that it plans to establish a new corporate body to enter the navigation assistance system market. The new company name is Avikus Co., Ltd., HHI Holdings pl...
2020-12-31 09:12:43
Trafigura inks charter deal with several companies [Shipping]
It turned out that trading giant Trafigura inked charter contracts for product tankers with several companies.   According to industry sources and TradeWinds, Trafigura agreed to charter 52,000 dwt Olaf and Sven with a daily rate of ...
2020-12-31 09:11:56
Pan Ocean invests in LNGC [Shipbuilding]
Global ship operator Pan Ocean announced on November 24 in a regulatory filing that it plans to inject KRW 204bn in building one LNG carrier (LNGC). The investment will start on January 5 and finish 2023 30, over a two-year period. Pan ocean s...
2020-12-31 09:11:03
Korea wins LNGCs for Mozambique? [Shipbuilding]
While Korea Shipbuilding & Offshore Engineering (KSOE) and Samsung Heavy Industries (SHI) announce new LNG carrier orders in succession recently, the newbuilds are said to be deployed in the Mozambique LNG project led by French energy major T...
2020-12-31 09:08:46
Korean ‘Big3’ yards make spurt at last minute [Shipbuilding]
Korean ‘Big3’ shipbuilders were awarded 70% of their 2020 new orders for the fourth quarter only.  From October to December this year, according to industrial source, Korea Shipbuilding & Offshore Engineering (KSOE) won a total of...
2020-12-31 09:07:19
HHI-DSME merger approved by China [Shipbuilding]
Korea Shipbuilding & Offshore Engineering (KSOE) announced on December 28 that the Korean shipbuilding heavyweight was given an unconditional approval from a Chinese competition authority on a proposed merger of Hyundai Heavy Industries (HHI)...
2020-12-31 09:06:15
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