Korean shipbuilder’s main bondholder ends weeks of wrangling to back rescheduling plans.

DSME’s main bondholder, South Korea’s National Pension Service (NPS), has finally given its backing to efforts to keep the struggling shipbuilder afloat.

It has agreed to the debt rescheduling measures proposed by the state-run Korea Development Bank (KDB) led creditors, reports the Yonhap news agency.

The technology group Wärtsilä has been contracted to provide both equipment and maintenance for FSRU and LNG carrier vessels of Norway based operator, Höegh LNG. The orders were booked in the first quarter of 2017.

Two new 170,000 m3 LNG carrier vessels being built for Höegh LNG at the Samsung Heavy Industries (SHI) and Hyundai Heavy Industries (HHI) shipyards in Korea will each be powered by four Wärtsilä 50DF dual-fuel engines. There is an option for a further three vessels in the SHI series.

World Fuel Services (WFS) is pleased to announce that its exclusive agreement to supply marine fuel at the Sunoco Logistics Nederland Terminal in Texas, is now fully operational with effect from March 2017.

The exclusive agreement means that WFS can now supply RMG 380 and MGO 0.1% Sulfur ‘ex-pipe’ and concurrent to vessels while loading and discharging cargo.

Seaspan Corporation, world’s leading independent owner, operator and manager of containerships, has placed an order with MacGregor for cargo system update of its eleven 10,000 TEU container vessels. Seven of the ships were returned to Seaspan from the bankrupt South Korean container carrier Hanjin Shipping and four of the ships are in final stage at the shipyard.