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(OE) Singapore's Keppel Offshore & Marine (KOM) has reached a joint resolution with the authorities in Brazil, in relation to the corrupt payments made by a former agent of Keppel Offshore & Marine in Brazil, which was previously announced in December 2017. Back in December 2017, Keppel Offshore % Marine, reached a global resolution with... Continue Reading →
(Reuters) South Korea's Hanwha Group has signed an agreement to take over Daewoo Shipbuilding & Marine Engineering, Daewoo Shipbuilding said in a regulatory filing on Friday. The deal comes after the two parties signed a tentative agreement in September in which affiliates of Hanwha Group, including Hanwha Aerospace Co Ltd., said they would invest 2... Continue Reading →
(OED) China's COSCO Shipping (Qidong) Offshore Co., Ltd. has awarded Huisman another contract for the design and construction of a 3,000+mt Leg Encircling Crane (LEC). The crane, of an undisclosed value, will be installed on Danish offshore wind installation company Cadeler’s recently ordered F-class jack-up vessel. The crane deal follows a recent order of a... Continue Reading →
(OE) Copenhagen Infrastructure Partners (CIP) said Wednesday it had been allocated 500–600 MW of capacity in the first round of Taiwan’s Round 3 Zonal Development offshore wind auction. "On December 14, 2022, it was announced that CI IV’s [a CIP subsidiary] Fengmiao offshore wind project, located ~35km off the coast of Taichung City in the... Continue Reading →
(Reuters) - China is making fast inroads in the market for newbuild liquefied natural gas (LNG) tankers as local and foreign shipowners turn to its shipbuilders for the specialty vessels because long dominant yards in South Korea are fully booked. Three Chinese shipyards - only one of them having experience building large LNG tankers -... Continue Reading →
(Reuters) - The world's top central banks dominate the agenda next week with indications abounding that the aggressive pace of rate hikes might slow, but not yet fade away given price pressures. China publishes key economic data as Beijing loosens some of its strict COVID-19 shackles, while PMIs will provide a health check for the... Continue Reading →
Marine robotics company Ocean Infinity has taken delivery of the first two robotic vessels that will form part of the high-tech Armada fleet. The two ships have left Vard Vung Tau shipyard in Vietnam and are headed to Norway and Vard Søviknes. “Armada 7801 and 7802 have set sail from Vietnam and are headed to Norway.... Continue Reading →
(OE) Marco Polo Marine, a Singapore-listed offshore vessel company, is looking to enter the Japanese offshore wind market and has signed a memorandum of understanding with "K" Line Wind Service in that regard. Both parties, according to Marco Polo Marine, want to own and run suitable offshore support vessels that will serve customers in the... Continue Reading →
South Korea’s ocean exploration company, Geoview, has completed the marine geophysical survey for Equinor’s Firefly floating offshore wind farm in Ulsan. In the first half of 2022, Geoview won an ocean exploration project from Equinor for the first time as a Korean company. Geoview specializes in marine surveys such as seabed topography mapping, geophysical surveys,... Continue Reading →
Malaysian FPSO leasing company Yinson has agreed to start preliminary activities for the provision of an FPSO for Eni, BP JV in Angola, called Azule Energy. Under the agreement with Azule Energy, Yinson will kick off preliminary activities for the provision, operation, and maintenance of a floating, production, storage, and offloading asset for the Agogo... Continue Reading →
