Italy's Rosetti Marino has withdrawn its offer to buy Heerema Fabrication Group’s (HFG) Zwijndrecht facility in the Netherlands, with HFG confirming the yard is to close.Rosetti Marino and HFG entered into a letter of intent on the 16th of November…
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MHI Vestas Wins Borssele V Innovation Site
The next offshore wind innovation site in the Netherlands will feature two V164-9.5 MW turbines from MHI Vestas, the 5th Dutch offshore wind park for the wind turbine supplier.MHI Vestas Offshore Wind, in signing a firm order with Two Towers Consortium...
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Moody’s Downgrades MOL
The rating company Moody's Japan K.K. has downgraded Japanese shipping company Mitsui O.S.K. Lines, Ltd.'s (MOL) corporate family rating to Ba2 from Ba1. The rating outlook is stable."We expect MOL's debt will not decline materially over the…
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Samsung Heavy Bags Two More New Orders for LNG Carriers
South Korean shipbuilder Samsung Heavy Industries (SHI) has received an order to build two new liquefied natural gas (LNG) carriers worth a total of about 426 billion Korean won (USD 378 mln).The South Korean shipbuilding giant did not reveal…
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Imabari Shipbuilding Delivers Two Container Ships to Yang Ming
Two new 14,000 TEU full-container vessels built for Taiwanese ocean shipping company Yang Ming Marine Transport Corporation by Imabari Shipbuilding Japan, were named as YM Wonderland and YM Wisdom respectively.Yang Ming Chairman Bronson Hsieh…
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Diana Shipping Win TC for m/v Myrsini with Glencore
Diana Shipping through a separate wholly-owned subsidiary, it has entered into a time charter contract with Glencore Agriculture B.V., Rotterdam, for one of its Kamsarmax dry bulk vessels, the m/v Myrsini.The global shipping company specializing in th...
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Global Marine Lubricants Market to Grow by 2.17% to Hit USD 6.66 bln in 2023
The global marine lubricants market is estimated to be USD 5.98 billion in 2018 and is projected to reach USD 6.66 billion by 2023, at a CAGR of 2.17% from 2018 to 2023.The growth of the market is driven by the emerging alternative technology trends…
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Australia’s LNG Export to Jump 60% in FY 2018-19
Australia’s liquefied natural gas (LNG) export earnings have been revised upwards for 2018-19 and are forecast to total $50.4 billion, an increase of nearly 60 per cent compared to 2017-18, overtaking metallurgical coal as Australia’s second…
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China to Push LNG Shipbuilding
China would like to compete with South Korea in the field of building liquefied natural gas (LNG) carriers building.South Korea has won 86 percent of the world's total orders or 52 orders for LNG carriers so far in 2018, according to Clarkson Research.
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MacGregor Wins USD 25 mln Orders for Cruise Access Equipments
MacGregor, part of Cargotec, has secured cruise access equipment orders from three European shipyards.The provider of engineering solutions and services to offshore and marine industries said that the total order value is approximately EUR…
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