Japan’s Modec has signed a contract with Woodside Energy to supply an FPSO vessel for the Sangomar Field Development Phase 1 project offshore Senegal. The FPSO will be deployed at the Sangomar field, around100km south of Dakar, Senegal, with delivery scheduled in early 2023. The FPSO will be...
https://splash247.com/modec-awarded-sangomar-fpso-contract-by-woodside/
China’s mighty Baowu Steel Group appears to have surpassed ArcelorMittal as the world’s largest steel producer. Baowu’s chairman in a new year’s address told employees the group managed to produce 96m tons of crude steel last year, up 40% on 2018 after it took an indirect controlling stake in...
https://splash247.com/baowu-surpasses-arcelormittal-as-the-worlds-largest-steel-producer/
South Korean owner KSS Line has placed an order at Hyundai Heavy Industries (HHI) for the construction of another VLGC, adding to its existing order of three VLGCs at the yard. The latest 84,000 cu m gas carrier, fitted with scrubbers, is scheduled for delivery in the second quarter of 2021 and...
https://splash247.com/kss-line-adds-another-vlgc-at-hyundai-heavy/
According to Rajesh Unni, the CEO of Synergy Marine Group, the art and the science of the shipmanager is essentially “to manage the unexpected”. If that is the case, then the biggest challenges facing managers this year are like what Poseidon found on the end of a trident, said Frank Coles, the CEO...
https://splash247.com/worlds-top-managers-provide-insight-into-2020-challenges/
Local heavy lift players in Korea have received fines for colluding in bidding for projects for the nation’s largest shipbuilder, Hyundai Heavy Industries (HHI). Dongbang, CJ Logistics, Shebang, Global, KCTC and Korea Logistics have been fined a total of KRW6.84bn ($5.87m) for colluding to raise...
https://splash247.com/korean-heavylift-firms-fined-for-collusion/
Navig8 Chemical Tankers, a unit of Navig8 Group, has declared the purchase option to acquire 2015-built 37,600 dwt MR tanker from Ocean Yield. According the Allied Shipbroking report, Navig8 bought the Hyundai Mipo-built vessel back for $26.5m. Navig8 sold the vessel to Ocean Yield in 2015 for a...
https://splash247.com/navig8-buys-back-mr-tanker-from-ocean-yield/
Japanese owner Fukujin Kisen has entered into shipbuilding contracts with Nantong Cosco KHI Ship Engineering (NACKS) for the construction of two kamsarmax bulk carriers. Allied Shipbroking reported that the two 82,000 dwt vessels are scheduled for delivery in 2021. The value of the contract was not...
https://splash247.com/fukujin-kisen-books-kamsarmax-pair-at-nacks/
International energy giant Shell has selected three owners for the long-term charter of a total of eight dual-fuel 174,000 cu m LNG carriers. According to the latest Allied Shipbroking report, Knutsen OAS Shipping has ordered four LNG carriers at Hyundai Heavy Industries while JP Morgan Global...
John Giddens, the CEO of Tasik Toba Subsea, has described the $26.8m arbitration award from Fugro as a ‘victory for the little guy’ and further demanded that Fugro publicly apologies for statements made regarding the case. As reported by Splash yesterday, an arbitration tribunal ruled that Fugro...
https://splash247.com/tasik-subsea-hails-fugro-arbitration-award-as-a-victory-for-the-little-guy/
Vancouver-based shipping group Seaspan Corporation and Singapore’s offshore marine group Swiber Holdings have reached an agreement to terminate a proposed $200m investment deal. According to Swiber, certain conditions precedent for the completion of the planned investment were not fulfilled before...
https://splash247.com/seaspan-and-swiber-terminate-200m-investment-deal/