DNVPS Charts 30 Years of Progress in Bunker Testing

The DNV Fuel Quality Testing (FQT) programme is today the biggest service of its kind in the shipping industry, with a cumulative volume of over 1.4 million tested fuel samples. Nonetheless, DNVPS managing director Tore Morten Wetterhus says the company’s first fuel sample – tested and reported on Jan 16, 1981 – holds special meaning.…

Noble Corporation Announces Letter of Intent

Noble Corporation (NYSE: NE) today announced that a subsidiary has signed a Letter of Intent (“LOI”) with a subsidiary of Royal Dutch Shell plc for a new five and one-half year drilling contract on a newbuild ultra-deepwater drillship that is expected to commence in the second half of 2013.

Hyundai Heavy Bags $1.03bn drillship order

Hyundai Heavy Industries (HHI) won a $1.03bn order on Wednesday to build two deepwater drillships for Noble Drilling Holding. The South Korean shipyard, the world’s biggest, also clinched an option for Noble Drilling to order two additional same class drillships.

NYK changes VLOC orders in DACOS

Japanese liner Nippon Yusen Kaisha (NYK Line) announced the company has changed the vessel type that originally ordered at Dalian COSCO Shipbuilding Industry (DACOS) from two 300,000dwt VLOCs to three 200,000dwt capesize bulkers. The date for delivery is still in 2013 with no change. Currently, NYK is operating around 100 ships including 14 VLOCs of…

The New World Alliance set to Reduce Ocean Capacity

The New World Alliance said today it will temporarily reduce capacity on selected Trans-Pacific Trade services to coincide with Lunar New Year factory shutdowns in Asia. The three container shipping lines in the alliance — APL, Hyundai Merchant Marine (HMM) and Mitsui O.S.K. Lines (MOL) — said the winter deployment program is expected to last…

MOL & Exxon orders LNG´s at Hudong-Zhong

Exxon Mobil Corporation (ExxonMobil) and Mitsui O.S.K. Lines, Ltd. (MOL) announced today that they have selected Hudong-Zhonghua Shipbuilding (Group) Co., Ltd. (Hudong), a subsidiary of China State Shipbuilding Corporation, to build four LNG carriers in China.