ABB supplies power of South Asia’s first LNG hybrid tug [Equipment]
ABB announced on April 15 that ABB’s electric propulsion, power, energy storage, control and automation technology will be at the heart of the first tug in South Asia capable of switching between low emission liquefied natural gas (LNG) engines...
2020-04-17 09:36:26
Boskalis refinances its RCF [Finance]
Royal Boskalis Westminster N.V. (Boskalis) announced on April 14 that it has refinanced its revolving credit facility (RCF) providing the company with EUR 500 million committed bank financing until April 2025. The new facility was coordinated by ...
2020-04-17 09:32:59
Lamprell updates operational restructuring [Finance]
Lamprell announced on April 14 that it has provided an update on the implementation of its self-help programme aimed at achieving a significant reduction in the Group overhead and an improvement in operational efficiencies, as well as on the ...
2020-04-17 09:29:56
Subsea 7 bags contract offshore from Chevron U.S.A [Offshore]
Subsea 7 announced on April 14 that it has been awarded contracts by Chevron U.S.A Inc. for subsea installation services related to the Anchor field, located in the Green Canyon area of the Gulf of Mexico. The Anchor field is approximately 140 mi...
2020-04-17 09:20:35
Borr Drilling gets LOAs [Offshore]
Borr Drilling Limited (the “Company”) (NYSE: “BORR”, OSE: “BDRILL”) announced on April 13 that it has been awarded LOAs for work in the Asia Pacific region for two of its premium jack ups, of which one is a newbuild being activated. T...
2020-04-17 09:16:42
5-year anniversary of methanol-fuelled ferry Stena [Shipbuilding]
Wärtsilä announced on April 14 that Wärtsilä, Stena, and Methanex Corporation mark five years of successful operation of the methanol-fuelled ferry Stena Germanica. This is the first ship in the world to run on methanol as a marine fuel, sign...
2020-04-17 09:13:13
Wallenius decides to reduce fleet size [Shipbuilding]
Wallenius Wilhelmsen is to adjust its operations in order to cope with the outbreak of the 'Covid-19'.   According to foreign press and industrial source, the Norwegian owner plans to adjust the capacity and operation schedule of its fleet...
2020-04-17 09:08:38
Gloryholder wins equipment for Chem TKs [Equipment]
Chinese engineering company Gloryholder LGM (Liquefied Gas Machinery) is to provide its LNG fuel gas supply systems (FGSSs) for seven dual-fuel chemical tankers booked by German and Japanese shipowners.   According to foreign press and ind...
2020-04-17 09:07:33
VW’s 2 LNG PCTCs will be disposed [Shipbuilding]
Germany Volkswagen Group (VW) announced that two LNG fueled pure car and truck carrier (PCTC) will be disposed. The two PCTCs were chartered from Siem Car Carriers. Previously, these vessels are known to be transported Europe and China routes ...
2020-04-17 09:06:38
COSCO to convert VLCC into FPSO [Offshore]
It turned out that COSCO (Qidong) Offshore, a subsidiary of COSCO Shipyard Group, made an agreement with Malaysian ocean energy developer Yinson Holdings Berhad to convert very large crude carrier (VLCC) into floating oil production, storage and ...
2020-04-17 09:04:30
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