MOL Develops Voyage Information Display System
Mitsui O.S.K. Lines (MOL) announced an agreement with Furuno Electric Co and MOL Techno-Trade to jointly develop a system that supports ship operation during voyagesā¦
McDermott Wins Tyra EPC Work near Denmark
McDermott International announced a substantial contract award from Mærsk Olie og Gas A/S (Maersk Oil) for engineering, procurement, construction and commissioningā¦
Italy's Saipem Wins Eni Angola Contract
Saipem has signed a contract with Eni Angola S.p.A. in relation to the West Hub Development project in Angola, which incorporates the work orders previously assignedā¦
Shipyard Contract Cancelled
Ongoing uncertainty in the global offshore energy sector has claimed another casualty, as Kawasaki Heavy Industries announced that it has terminated -- in agreement with Island Navigator I KS -- the shipbuilding contract for the top hole drilling/light well intervention vessel, Island Navigator. A number of factors were cited in the decision to cease the construction, including difficulties in the engineering process and increased material costs since the signing of the contractā¦
HHI Group to List Oilbank
IPO seen improving group's financial soundness, transparency; Group sees shipbuilding recovery starting 2019. South Korea's Hyundai Heavy Industries Group plansā¦
China Rises to World's No.2 LNG Importer
China's 2017 LNG imports to top South Korea's for first time; becomes key driver of spot LNG prices. China will become the world's second-biggest importer of liquefiedā¦
KHI, Island Offshore Terminate Newbuild Contract
Kawasaki Heavy Industries, Ltd. (KHI) announced today that the company has decided to terminate, by agreement with Island Navigator I KS, its shipbuilding contractā¦
BSEE Proposes Softening of Offshore Drilling Rules - WSJ
A U.S. regulator has proposed rolling back safety measures put in place after the 2010 Deepwater Horizon oil spill, which would reduce the role of government in offshore oil productionā¦
World's Largest Vessel Set to Sail in 2018
In 2018, Shell's huge floating liquefied natural gas (FLNG) Prelude, the world's largest vessel, will begin its job of extracting and processing gas at sea, reported CNBC.
Nigeria FEC Okays Maritime Piracy Bill
The Federal Executive Council of Nigeria approved the Suppression of Piracy and Maritime Offences Bill, reported TVC News. The approval was given at a meeting presidedā¦
Russian Navy Gets Admiral Makarov Frigate
Baltic Shipbuilding Plant āYantarā (United Shipbuilding Corporation, Kaliningrad) has delivered the Admiral Makarov frigate, third ship of Project 11356, to Defence Ministry of the Russian Federation.
Japanās KHI Moves Merchant Ship Construction to China
Japanās Kawasaki Heavy Industries (KHI) diverts more shipbuilding work to its joint-venture yards in China, local media says. According to a report in Nikkei, KHIā¦
Iran to Enhance Fleet Strength
Four giant new container vessels will join Iran's shipping fleet next year. With the arrival of these vessels, the rank of the national shipping fleet in the work will rise to 16 from 20 at presentā¦
Ice-Free Arctic?
At the current rate of carbon emissions of about 35 to 40 gigatons a year, scientists are estimating that the Arctic could become ice-free within the next 20 yearsā¦
MOL LNG Carrier Saves Crewmember from Wrecked Fishing Boat
Mitsui O.S.K. Lines (MOL) has announced that on December 16, its operated LNG carrier, the ESSHU MARU, rescued a crewmember from a fishing boat that wrecked in the North Pacific Ocean.
Kuwait Signs LNG Import Deal With Shell
Kuwait Petroleum Corp. (KPC) has signed a 15-year liquefied natural gas import deal with Royal Dutch Shell Plc to help the oil exporting nation meet growing domestic energy demand.
Keppel O&M to Pay US$422m to Resolve Petrobras Issue
Keppel Corporation Limited (Keppel Corporation or Keppel) today confirmed that KOM has reached a global resolution with criminal authorities in the United Statesā¦
HSH Nordbank to Exit First Ship Lease
HSH Nordbank AG's subsidiary Godan GmbH, the controlling unitholder of First Ship Lease Trust (FSL Trust), is looking to divest all its shares in FSL Holdings, the sponsor of the trustā¦
ABS Approval Advances Tension Leg Platform Concept
ABS granted approval in principle (AIP) for a Tension Leg Platform (DSTLP500) design developed by Dalian Shipbuilding Industry Co., Ltd. (DSIC). āABS and DSIC haveā¦
ABS Grants AIP to DSLB150 Self-Elevating Unit
ABS, the leading provider of classification and technical services to the global offshore industry, granted Approval in Principle (AIP) to Dalian Shipbuilding Industry Co.
