Japanese public multinational corporation Kawasaki Heavy Industries (KHI) has completed the construction of a new dock in northeast China, as the company streamlines costs amid competition from South Korean rivals. According to a press note from the ma...
Read more
US Shale Firms Cut CapEx, Up Production
U.S. shale energy companies are cutting their spending levels in 2019, but they're still planning on increased oil and gas output."US shale companies expect to deliver an average of 15% growth in oil production in 2019 vs. 2018. At the same time…
Read more
DEME Offshore, SABCA Sign Drone Pact
Two Belgian companies - Aerospace industry supplier SABCA and DEME Offshore - have formed a partnership to use drones for inspection services in the offshore wind energy industry.SABCA, a leading tier 1 aerospace industry supplier and DEME Offshore…
Read more
Subsea 7 Buys-back Shares
With the market looks upbeat, Luxembourg-based subsea services vessel owner Subsea 7 announced a share buy-back programme."Reflecting Subsea 7’s strong financial and liquidity position and improving market outlook as well as a rebalancing of cash retur...
Read more
Australia: Record Year for Renewables
2019 is set to be the biggest year for constructed and commissioned utility Photovoltaics (PV) (2200 MW), wind (2400 MW) and storage (100 MW) in Australia, said Rystad Energy in its forecast for the utility scale PV, wind and storage to be constructed…
Read more
CSL Builds Marine Ambulance Boats
The largest shipbuilding and maintenance facility in India, Cochin Shipyard Limited (CSL) announced steel cutting ceremony of three marine ambulance boats for the Department of Fisheries, government of Kerala State.The minister for fisheries in the st...
Read more
SpaceX rocket with unmanned U.S. capsule blasts off for space station
(This March 3 story has been refiled to correct paragraph 9 to read "into orbit" instead of "into space")
Read more
Bergeron Out as Head of LISCR
The Liberian International Ship and Corporate Registry (LISCR) confirmed via a press statement that Scott Bergeron, longtime CEO, has departed from the organization.The Cohen family, in particular Adam Cohen and Elan Cohen, continue to lead…
Read more
Bergeron Out as Head of LISCR
The Liberian International Ship and Corporate Registry (LISCR) confirmed via a press statement that Scott Bergeron, longtime CEO, has departed from the organization.The Cohen family, in particular Adam Cohen and Elan Cohen, continue to lead…
Read more
IMO 2020 to Cost USD10bln
The new 0.5% sulfur cap on fuel content for the global maritime industry means the container-shipping industry will need to offset up to $10 billion in incremental costs, starting Jan. 1, 2020, when the cap is slated to take effect, said a study.IMO…
Read more