• 2017 November 19 17:31

    Wison signs MOU with Shanghai Electric for medium large floating LNG power solution

    Wison Offshore & Marine ("Wison") today announced it has signed a Memorandum of Understanding ("MOU") on strategic cooperation with Shanghai Electric Power Generation Group ("Shanghai Electric"), the company said in its press release.

    Two parties will join their efforts in medium to large-scale floating LNG power generation barge, with regards to its product development, global marketing and technical services. Such collaboration aims to promote the commercialization of this new electrification solution while opening up a series of further cooperation in power sector between Wison and Shanghai Electric.
     
    The strategic tie-up builds on Wison's unique experience and integration capability in floating LNG facilities combined with Shanghai Electric's leading edge in core gas power equipment and EPC services for international power projects. Based on the Floating LNG Storage Regasification and Power Generation("FSRP") solution developed by Wison earlier on, both parties will join forces to build up capabilities throughout FSRP project life cycle from product development, marketing, project financing, facility construction, to operation and maintenance, with a view to accelerate commercialization of this innovative solution in global market. The parties will focus on developing medium large-scale FSRP, and study the application of Shanghai Electric's world class gas turbine technology and integrated generation set solution to the FSRPs, such that the product’s economy and reliability can be further enhanced. While Wison already received Approval in Principle for its 50MW FSRP from Bureau Veritas in July, today's strategic move signifies Wison has taken a solid step towards medium large scale FSRP development.
     
    Wison is committed to providing cost-effective LNG infrastructure solutions for natural gas industry and end-users. As the EPCIC contractor for world's first Floating LNG Storage and Re-gasification("FSRU") barge, Wison eyes FSRP as a critical extension of its LNG product portfolio, that is advantageous in project capital cost and lead time to comparable on-shore solutions. Mr. CUI Ying, CEO of Wison Offshore & Marine said, "Wison is greatly honored to join hands with Shanghai Electric, a worldwide market leader to develop FSRP products. It's no doubt the complimentary strengths and resources of the two companies can facilitate our path forward in commercializing floating LNG power, which in turn will solidify a leading position in this emerging market."
     
    Shanghai Electric is highly positioned in technological R&D, equipment supply, investment and management of power infrastructure with impressive track record. The company's existing order backlog in power station of over RMB70 billion ranks top amongst the peers internationally. Its high profile gas turbine portfolio is further strengthened by the long-term cooperation with Italian Ansaldo Energia, a well-known heavy duty gas turbine manufacturer. "Cooperation with Wison on floating LNG power station coincides with our effort to accelerate developing gas turbine business. Such innovative concept is a new attempt for marine application of heavy duty gas turbines. I very much look forward to the "win-win" cooperation on international markets." Mr. CAO Min, President of Shanghai Electric Power Generation Group commented on the collaboration with Wison.
     
    Both parties have a buoyant view over power demands fueled by global economy which is largely driven by growth in developing countries, and clean power in particular has promising long-term prospects. Alongside gas-fired power, Wison and Shanghai Electric will also launch discussions on coordinating efforts to develop deep water wind power technologies, as well as to seek investment and operational opportunities in power sector, in the hope of making high value-added contribution to the energy security and development in regions with thirst for affordable clean power.




2018 August 17

20:03 A system of floating containment booms installed near two jetties of Petersburg Oil Terminal
18:26 Krasnoye Sormovo Shipyard launches Pola Feodosia, forth of RSD59 dry cargo vessel series
17:54 Primorsk Oil Terminal’s throughput in Jan-Jul falls 12% to 31.38 million tonnes
17:51 Nevsky Shipyard continues testing of unique replenishment system
17:08 Marine Robotics: Laws, Applications, Technologies roundtable registration underway in Moscow and Vladivostok
17:03 Port of Vysotsk volume in Jan-Jul down to 10.45 million tonnes
16:27 Port of Ust-Luga throughput in Jan-Jul down 4% to 56.27 million tonnes (details)
16:04 Western Bulk publishes First half 2018 results
15:53 Port of St. Petersburg seven-month volumes grow 13% to 34.39 million tonnes (details)
15:34 Stena Blue Sky delivers the first LNG cargo at energy giant ENN's new terminal in China
15:03 ANL announces FAK rates from North Europe and Mediterranean to Australia
14:33 A.P. Møller - Mærsk A/S delivers revenue growth in the second quarter of 2018
14:03 Third railway track put into operation in Port Bronka
13:58 Nevsky Shipyard wins contract for Arc4 passenger/freight vessel duo to be deployed on Sakhalin-Kurils route
13:51 Samsung Heavy Industries wins two eco-friendly LNG carriers
13:21 TORM posts H1 2018 interim results
13:04 A.P. Møller - Mærsk A/S to pursue a separate listing of Maersk Drilling
12:30 Hapag-Lloyd invests in growing East African market
12:07 Port of Oakland gives $70,000 to develop eco-jobs workforce
11:07 Hapag-Lloyd announces rates for Far East Westbound East Asia (including Japan) to North Europe and Mediterranean
10:45 Crude oil futures price edges down to $71.38 in London, in New York to $65.44
10:07 Latest Sanmar tugboat under trials
10:02 Gazprom Neft 1H 2018 net profit soars 1.5-fold
09:41 Baltic Dry Index adds 2 pts to 1727 points
09:37 Diana Shipping announces time charter contract for m/v Coronis
09:32 Port of St. Petersburg bunker prices close the week on a down note
09:06 Gulftainer invests AED11 mln in road extension
08:27 CMA CGM implements new FAK rates from North Europe and Mediterranean to Australia

2018 August 16

18:45 Kalashnikov Concern’s Vympel Shipyard lays keel for freezer trawler of Project T30
18:06 Port of Dover awarded contract to Solent Marine Ltd to design and fit-out Dover's new marina
17:32 Maersk Line announces rates from Far East Asia to West Africa
17:06 Hapag-Lloyd increases reefer fleet by 11,100 containers
16:56 DFDS orders additional freight ferry (ro-ro) newbuilding from the Chinese Jinling Shipyard
16:52 Sovcomflot’s shuttle tanker Governor Farkhutdinov ships 600th crude oil cargo for Sakhalin-2
16:03 CMA CGM announces GRR from Asia to Mozambique
15:47 Taganrog Sea Commercial Port's H1 2018 employee benefits and rewards programme totals RUB 2.2 million
15:31 Melbourne port operator ICTSI may be investigated by State and Federal authorities
15:09 Bunker prices at Far Eastern ports remain flat
14:33 CMA CGM announces GRR from Asia to Indian Ocean
14:27 MABUX: Bunker prices may change irregular next week
14:13 Maersk Line announces rates from Far East to North Europe
13:42 First ever S-T-S loading of 70000dwt Panamax coal carrier performed at Shakhtersk harbour transshipment location in Sakhalin
13:32 More investment contracts at the Port of Gdansk
13:02 Wärtsilä equipped Canadian ferry will have minimal environmental impact
12:16 Damen Shipyards Galati celebrates 125 years
12:09 Okskaya Sudoverf Shipyard launches 6th serial barge of Project ROB20
12:03 Boskalis presents half-year results and terminates loss-making low-end transport activities
11:59 Port of Oakland container volume up 3.6 percent in July 2018
11:45 Rolls-Royce launches new battery system for ships
10:58 DP World revenue up 14.4% in H1 2018
10:57 VARD secures contract for one autonomous and electric-driven container vessel for YARA
09:39 EU NAVFOR mission operation commander visits Spanish MPRA in Djibouti
09:21 Baltic Dry Index gains to 1725 points

2018 August 15

18:33 Equinor extends partnership with The Arctic Race of Norway
17:56 Port Kavkaz seven-month volumes soar 30% Y/Y to 25.21 million tonnes
17:36 Russian Gov't to allocate RUB 500 million in subsidies to support small-tonnage fishing ships construction, Rosrybolovstvo says
17:34 Maersk Line to rise rates from Far East to East Coast South America
17:30 Yang Ming orders ten 2,800 TEU containerships
17:19 Nor-Shipping 2019 takes place in Oslo and Lillestrøm, Norway, from 04 to 07 June 2019
16:05 New Times Shipbuilding announces delivery of oil tanker