The deal has “attractive purchase options” which can be exercised as from the fourth charter year.
The new Corona Dynamic will carry thermal coal to Hokuriku Electric Power Company’s thermal power plant.
A.P. Moller Holding is expected to close the acquisition of KK Group in the third quarter of 2019.
The charter deals for both 8,266 TEU containerships are set to expire at the earliest in February 2024.
Heerema Marine Contractor’s newest semi-submersible crane vessel (SSCV) Sleipnir is set to begin its maiden voyage this week. Sleipnir, the world’s largest and strongest SSCV named after Odin’s eight-legged stallion, was built by Jurong Shipyard, the fully owned subsidiary of Sembcorp Marine in Sing
SHI is to invest in a research and development (R&D) facility in order to strengthen its market position in LNG-related technologies.
The International Marine Contractors Association (IMCA) and the Association of Diving Contractors International (ADCI) have signed a memorandum of understanding to collaborate on matters of operational safety, training standards, and the mutual recognition of diver qualifications. The two trade asso
French oil major Total has agreed to sell $635 million worth of UK North Sea assets to Petrogas NEO UK.
As part of its efforts to combat the perennial flooding problems ravaging various parts of Nigerian Ondo State, the State Government has acquired new amphibious excavator CAT 320D2. Commenting the latest news, the Governor of Ondo State, Arakunrin Oluwarotimi Akeredolu, said that the amphibious exca
McDermott has been awarded a contract in excess of $1.5 billion for Package 4 of Saudi Aramco’s Marjan Increment Development Project to provide engineering, procurement, construction and installation (EPCI) of offshore gas facilities and pipelines. Marjan Package 4 represents the second largest EPCI
The incident led to a temporary suspension of MSC’s C-TPAT certification.
McDermott has been awarded a contract in excess of $3 billion for Package 1 of Saudi Aramco’s Marjan Increment Development Mega-Project to provide EPCI of the Gas-Oil Separation Plant (GOSP), in a consortium with China Offshore Oil Engineering Company (COOEC). McDermott will lead the consortium with
The Damen’s DOP200 submersible dredge pump was recently used at a sluice cleanup project in Wielsbeke, Belgium. “The new sluice consisted of a narrow building pit, which had been divided into 9 separate sections. This compartmentation greatly reduces the size of construction material which can be us
Sovcomflot achieved significant CO2 emission cuts from its “Green Funnel” LNG-fueled tankers.
