Dispatches No. 247

Last Week:

Administration work

This Week:

02 June Oslo, InterManager Executive Committee Meeting 

02 June Oslo, Big Data Round Table – Nigel Clive, Tony Field, Spencer Eade, George Hoyt and Kuba Szymanski representing … (Read more…)


FSIG to take three subsidiaries public

Fujian Shipbuilding Industry Group (FSIG) plans to take public three of its wholly owned subsidiaries.
A state-owned shipbuilding group based in Fujian, China, its three subsidiaries are identified as Fujian Mawei Shipbuilding, Fujian Southeast Shipbuilding, and Fujian Minchuan Marine Ship Industry

IEV raises $4.79m from rights issue

Singapore-listed offshore services provider IEV Holdings has raised net proceeds of approximately SGD6.45 million (USD4.79 million) from a rights issue.
According to the company’s filing to the Singapore Exchange (SGX), IEV intends to utilise the net proceeds for the development of the Pabuaran

HMM shrinks VLCC fleet

Hyundai Merchant Marine (HMM) is now left with just one very large crude carrier (VLCC) after selling two VLCCs in May.
South Korea’s second-biggest shipping company confirmed to IHS Maritime that 2005-built Universal Crown and Universal Queen have been sold to compatriot Sinokor Merchant Marine.

Vard launches new innovation project

Singapore-listed offshore vessels designer and shipbuilder, Vard Holdings has launched a new innovation project in ship design.
The project, named ‘A step forward’, are design innovations developed with an emphasis on safety, user-friendliness, functionality, operability, cost optimisation, fuel