Hyundai Heavy sets $15.9 billion 2019 shipbuilding sales target

JANUARY 3, 2019 — South Korea’s Hyundai Heavy Industries Group has set a 2019 shipbuilding total sales target of US$15.9 billion for Hyundai Heavy Industries Co., Hyundai Samho Heavy and Hyundai Mipo

Platts launches new Marine Fuel 0.5% assessments

JANUARY 3, 2019 — S&P Global Platts has launched daily cargo and barge price assessments for “Marine Fuel 0.5%” reflecting the residual marine fuels with a maximum sulfur limit of 0.5% at

Gulf Island delivers first of ten Z-Tech terminal/escort tugs

JANUARY 2, 2019 — Gulf Island Fabrication, Inc. reports that its Shipyard Division has successfully delivered the M/V Mark E. Kuebler, a Z-Tech 30-80 terminal/escort tug, to Bay Houston Towing Company. Designed

Ship Finance International acquires two big box ships

JANUARY 2, 2019 — John Fredriksen’s Ship Finance International Limited (NYSE: SFL) closed 2018 by reporting that it had acquired two 2016-built 19,400 TEU container vessels and contracted the vessels until late

Rolls-Royce to design and equip advanced stern trawler

JANUARY 2, 2019 — Rolls-Royce has signed a contract to deliver the ship design and an extensive range of equipment for a 70 m stern trawler ordered by AS, based in Troms

USCG mission continues, despite funding lapse

JANUARY 2, 2019 — Coast Guard personnel continued to work around the clock over the holiday period on multiple life saving and other missions — despite having no certainty as to when

Ørsted picked as preferred bidder for Connecticut offshore wind farm

DECEMBER 31, 2018 — In a competitive solicitation process, Connecticut’s Department of Energy and Environmental Protection has selected Ørsted’s Revolution Wind project to move forward to negotiate a fixed price power purchase

Transocean books five year, $830 million Chevron contract

DECEMBER 31, 2018 — In a year-end morale booster for the offshore drilling industry, Transocean Ltd. (NYSE: RIG) reported Friday that it had signed a rig design and construction management contract, as

Newport News awarded Navy contract mods worth $240 million

DECEMBER 28, 2018 — Huntington Ingalls Industries, Newport News Shipbuilding Inc., Newport News, VA, has been awarded two Navy contract modifications worth a total of nearly $240 million. The largest is a

Samskip takes lead in project developing hydrogen powered box ships

DECEMBER 28, 2018 — Multimodal operator Samskip has been named lead partner in SeaShuttle, a project seeking to bring to market emissions-free, autonomous containerships that can operate at a profit. The project

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