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Hyundai Heavy Industries to Transfer LNG Ship Technology to Small Shipbuilders

Hyundai Heavy Industries Group will transfer its LNG ship building technology to the medium-sized shipbuilders to facilitate its merger with Daewoo Shipbuilding & Marine Engineering. Hyundai Heavy Industries Group is planning to transfer its LNG ship building technology to the medium-sized shipbuilders including STX Offshore & Shipbuilding and Hanjin Heavy Industries. This is to submit …

The post Hyundai Heavy Industries to Transfer LNG Ship Technology to Small Shipbuilders first appeared on Hell...

https://www.hellenicshippingnews.com/hyundai-heavy-industries-to-transfer-lng-ship-technology-to-small-shipbuilders/

Cavotec to focus on growing markets for sustainability solutions in Ports & Maritime and Industry – Initiates process to divest the Airports business

Cavotec will focus resources and make investments to further develop its leading position within electrification and automation for improved sustainability in its fast-growing ports & maritime and specialized industrial applications markets and, as a consequence, will divest its Airports business. As the market trends and regulatory requirements are expected to drive significant growth in demand …

The post Cavotec to focus on growing markets for sustainability solutions in Ports & Maritime and...

https://www.hellenicshippingnews.com/cavotec-to-focus-on-growing-markets-for-sustainability-solutions-in-ports-maritime-and-industry-initiates-process-to-divest-the-airports-business/

Foresight Group eyeing Shipping Corporation of India for its LNG business

In a bid to help strengthen the country’s gas infrastructure, London-based shipping firm Foresight Group is eyeing Shipping Corporation of India (SCI), to make it a leading liquefied natural gas (LNG) carrier in the world. “With India having set target to increase its gas contribution in the energy...

https://www.hellenicshippingnews.com/foresight-group-eyeing-shipping-corporation-of-india-for-its-lng-business/

LNG tanker Rioja Knutsen to arrive at Britain’s Isle of Grain on March 16

Liquefied natural gas tanker Rioja Knutsen is scheduled to arrive at Britain’s Isle of Grain terminal on March 16, Refinitiv Eikon data shows. The tanker, which has a capacity of about 174,000 cubic metres, is coming from the United States. Source: Reuters (Reporting by Nora Buli; Editing by Toby...

https://www.hellenicshippingnews.com/lng-tanker-rioja-knutsen-to-arrive-at-britains-isle-of-grain-on-march-16/

Performance Shipping Inc. Anticipates Tanker Market Recovery After Fourth Quarter Losses

Performance Shipping Inc., a global shipping company specializing in the ownership of tanker vessels, Friday reported a net loss and net loss from continuing and discontinued operations attributable to common stockholders of $2.5 million for the fourth quarter of 2020, compared to a net loss and net loss from continuing and discontinued operations attributable to …

The post Performance Shipping Inc. Anticipates Tanker Market Recovery After Fourth Quarter Losses first appeared on Hellenic...

https://www.hellenicshippingnews.com/performance-shipping-inc-anticipates-tanker-market-recovery-after-fourth-quarter-losses/

Saudi considering extending voluntary oil cut into April, source says

Saudi Arabia is considering extending its voluntary oil cuts of 1 million barrels per day by one month into April, an OPEC+ source told Reuters. The source was speaking as OPEC+ ministers met to discuss output policy. Source: Reuters (Reporting by OPEC Newsroom; Editing by Edmund Blair)

The post Saud...

https://www.hellenicshippingnews.com/saudi-considering-extending-voluntary-oil-cut-into-april-source-says/

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