More Chinese shipbuilders to see losses this year

More shipbuilders in China may see losses this year, because of rising labor and raw material costs and effect of the changes in foreign exchange rates, according to the latest report released by the China Association of the National Shipbuilding Industry. [Read...

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Hyundai Heavy wins $600 mln LNG ship order from Greece

South Korea's Hyundai Heavy Industries Co Ltd said it won an order worth $600 million to build up to three LNG carriers for Greece's Dynagas Ltd. [Read More] Source: Reut...

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Petrobras signs contracts for the chartering of six Panamax vessels

This week, Petrobras signed with Hidrovia South American Logistics S.A., in a ceremony held at the Company’s main office, in Rio de Janeiro, the six remaining contracts for the EBN2 Program (Brazilian Shipping Companies). The hiring is for the chartering of six...

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Rudder force detection for DP Operation launched

The result of an 18 month joint development project between Kongsberg Maritime and Becker Marine Systems has come to fruition, with the launch of KBIMS; a sophisticated new support tool designed to enable more efficient use of propellers and rudders during Dynamic Positioning (DP) operations. A first...

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FLEX LNG Starts FEED for FLNG Project in Papua New Guinea

FLEX LNG LTD (FLEX LNG) Announces Start of Field Specific Front-End Engineering and Design (FEED) for Floating Liquefaction (FLNG) Project in Papua New Guinea (PNG). Samsung Heavy Industries will carry out the FEED work for the hull portion of the FLNG vessel,...

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Technip Samsung to start detailed design and construction of Shell’s FLNG facility

Shell Development (Australia) Pty Ltd (Shell) has given notice today to a Technip Samsung Consortium (TSC) to proceed with the construction of the first floating liquefied natural gas (FLNG) facility in the world. TSC will provide engineering, procurement, construction...

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Rolls-Royce Bidding for $2.5 Billion Petrobras Deal, FT Reports

Rolls-Royce Group Plc (RR/) is bidding on a $2.5 billion contract to build turbine engines for Petroleo Brasileiro SA (PETR4) as part of a plan to expand in Latin America, the Financial Times reported. [Read More] Source: Bloombe...

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Aker Solutions wins drilling equipment contracts

Aker Solutions has won two contracts to supply complete drilling equipment packages for two new deepwater drilling units that are being built by Cosco, the Chinese shipbuilding company.The combined value of the contracts is about $195 million, and includes options...

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