Johan Sverdrup rendering. Photo: Statoil

Samsung Heavy Wins Johan Sverdrup Contracts

  South Korean shipbuilder Samsung Heavy Industries has been awarded an NOK 7 billion (US$890 million) contract from Statoil for the construction of the process and riser platforms for the Johan Sverdrup development project offshore Norway. The contract calls for the fabrication of the decks for both the processing platform and riser platform – two […]

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Korea’s Ki-tack Lim Elected to IMO’s Top Spot

The International Maritime Organization (IMO) says that Mr. Ki-tack Lim of the Republic of Korea has been elected as the next IMO Secretary-General. Kim is now the eighth elected Secretary-General of the International Maritime Organization, the United Nations agency concerned with maritime safety and security and the prevention of marine pollution from ships. The vote […]

NYK Line file photo: sattahipbeach /

NYK Fined $8.5 Million in South Africa Price-Fixing Scheme

  South Africa’s competition watchdog says it has reached a settlement with Japanese shipping firm Nippon Yusen Kabushiki Kaisha Ltd (NYK) for price fixing, market allocation and collusive tendering in the transportation of cars to and from South Africa. Under the settlement agreement, NYK admitted to to the collusive conduct and agreed to pay an […]

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Johan Sverdrup rendering. Photo: Statoil

Steel Cut for Johan Sverdrup, Norway’s Biggest Project

  Construction has begun on the first structure for the biggest and most expensive industrial project in Norway for decades to come – the development of the giant Johan Sverdrup offshore oil field. Statoil announced Monday that the first piece steel for the riser platform jacket was cut at the Kvaerner Verdal yard in Norway […]