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AsiaCompany News

On April 7 2017, Hyundai Merchant Marine has singed a letter of intent (LOI) with Daewoo Shipbuilding & Marine Engineering (DSME) for the construction of five 300,000 dwt very large crude carriers (VLCCs) with an option of five more vessels. HMM has formed a ‘newbuilding examination committee’ at the end

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AsiaCompany News

Singapore, 10 April 2017 – Keppel Offshore & Marine (Keppel O&M), has entered into a term sheet agreement with Damen Shipyards Group (Damen) for the sale of its shipyard, Keppel Verolme. The proposed sale comes after a strategic review by Keppel O&M and is part of the company’s efforts to

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AsiaCompany News

Rolls-Royce and the Technology Centre for Offshore and Marine, Singapore (TCOMS) have signed a Memorandum of Understanding to form a strategic partnership to develop smart ship technologies. The partners will work on world leading research to develop fundamental technologies, such as smart sensing, digital twinning and integrated modelling which are

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AsiaCompany NewsEurope

Vessel leaves port of Murmansk as Russia’s Yamal project gears up to export its first cargo before the end of this year Russia’s first ice-breaking LNG carrier has left port in search of Arctic sea ice to trial its new features prior to final delivery. SCF Group (Sovcomflot)’s 173,400-cbm Arc7

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AsiaCompany News

March 7, 2017 DHT Holdings, Inc. (NYSE:DHT) (“DHT”) announced that it has entered into agreement to sell the DHT Phoenix, a 1999 built VLCC, for $19.1 million.  The sale is in accordance with the company’s fleet renewal strategy.  The vessel has just completed a highly profitable one year time charter

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AsiaCompany News

7 March 2017 Technology group Wärtsilä and China State Shipbuilding Corporation (CSSC) have signed a new joint venture company agreement. The new joint venture, to be known as CSSC Wärtsilä Electrical & Automation Co Ltd (CWE&A), will focus on the growing Chinese electrical & automation (E&A) market, especially for high-tech

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AsiaCompany NewsUS

1 March 2017 This 11,294 TEUs ship, is the greatest capacity vessel ever arrived at the terminal. In addition, vessels Maersk Lome, Antares and the woodchips ship Southern Star, were serviced at the same time, using 793 meters of dock. Yesterday, the vessel Maersk Antares arrived in “San Vicente Terminal

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AsiaCompany News

Historic agreement signed in the presence of the Presidents Mattarella and Jinping for the first units of this kind ever built in China for the local market February 22, 2017 Fincantieri, China State Shipbuilding Corporation (CSSC) and Carnival Corporation & plc signed a binding Memorandum of Agreement (MoA) for the

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AsiaCompany News

20 February 2017 On 20 February 2017 the Margrethe Maersk called at the Cai Mep International Terminal, becoming the largest vessel to call Vietnam. Capable of carrying 18,000 TEU (20 foot containers) Margrethe Maersk is part of the ‘Triple E’ class of vessels, the largest vessel in Maersk Line’s fleet.

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AsiaCompany News

20 February 2017 Hyundai Global Services (HGS), Hyundai Heavy Industries’ (HHI) newly spun-off company specializing in providing total marine services announced today it signed an MOU with KSS Line, a Korean shipping company, for entering into eco-friendly ship business. Under the MOU, two companies join forces to retrofit the medium-sized

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