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BW LPG exercises LPG-retrofit option
[Equipment]
MAN Energy Solutions announced on February 20 that Oslo-listed BW LPG, the first shipowner to place retrofit orders for the MAN B&W ME-LGIP LPG-powered engine, has now exercised an option in the initial contract and ordered a further four ret...
2020-02-25 09:55:04
Hunter signs binding agreement
[Finance]
Hunter Tankers AS (the “Company”), a wholly owned subsidiary of Hunter Group ASA, announced on February 20 that it has signed a binding agreement for a $220m loan facility from a syndicate of banks consisting of Danske Bank, DNB, No...
2020-02-25 09:49:20
Ingeteam inks deal with Yantai CIMC Raffles
[Shipbuilding]
Ingeteam announced on February 18 that it has signed the contract with Yantai CIMC Raffles Offshore (CHINA) comprising the delivery of the engineering, production, commissioning and sea trials of the Hybrid Electric Propulsion System for two iceb...
2020-02-25 09:44:53
Sparrows manufactures three cranes for Qatargas
[Shipbuilding]
Sparrows Group recently announced that it has secured a contract to manufacture three cranes for Qatargas' North Field expansion project. The project, awarded through engineering firm McDermott International, will see the firm deliver two of i...
2020-02-25 09:40:35
DEME&Herrenknecht ink deal for fabrication
[Offshore]
DEME Offshore announced on February 12 that DEME and Herrenknecht have signed an agreement for the fabrication of a subsea drill to be deployed at the Saint-Nazaire offshore wind farm in France. This is the first wind farm in the world to use dri...
2020-02-25 09:36:02
MOL&DSME cooperate in green FSRU Technology
[Offshore]
Mitsui O.S.K. Lines, Ltd. ("MOL"; head office: Tokyo, Japan; President & CEO: Junichiro Ikeda) announced on February 21 that MOL and Daewoo Shipbuilding & Marine Engineering Co., Ltd. ("DSME"; head office: Geoje, Korea; President & CE...
2020-02-25 09:30:57
Korean 'Big3' submit LNGC offers to Qatargas
[Offshore]
Qatar Petroleum (QP), which had been planning to secure 80 LNG carriers worth over $15bn, has received revised offers related to the project from pre-chosen shipyards. According to industrial source and TradeWinds, Hyundai Heavy In...
2020-02-25 09:26:41
HHI secures 1 VLGC from KSS line
[Shipbuilding]
It seemed that Hyundai Heavy Industries (HHI) had won an order for one VLGC from the KSS line. KSS line announced in a regulatory filing on February 21 that it has decided investment to construct one 84,000-cbm VLGC to expand its fleet a...
2020-02-25 09:24:44
Dae Sun wins 2+2 tankers from Singapore
[Shipbuilding]
Dae Sun Shipbuilding & Engineering has recently announced that the Korean shipbuilder has won 2+2 50,000 dwt oil product and chemical tankers from Singapore's Eastern Pacific Shipping (EPS). The newbuilds are slated for delivery in...
2020-02-25 09:21:40
Korea mid-sized shipbuilding orders fell 23% in '19
[Shipbuilding]
While Korea's mid-sized shipbuilding industry's order intakes and order amount fell 23.2% and 25.0% in 2019, respectively, its share of orders in the global mid-sized shipbuilding market rose 0.4% year-on-year. According to the report of 'Mid ...
2020-02-25 09:19:37
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