Korea to investigate subcontracting trend [General]
The Democratic Party, the Korean government and the Blue House had the '3rd Euljiro public welfare discussion' on May 10 at National Assembly Member's Office Bldg, Seoul, Korea, to agree to complete a survey on subcontractors of large-sized shipb...
2019-05-15 08:17:57
Daoyachts to supply fishing boat to Mozambique [Shipbuilding]
Korean special vessel manufacturer Daoyachts has been selected as a ship supplier for Mozambique. The Sacheon-based company has recently announced that it signed a memorandum of understanding (MOU) with the Mozambican government for supplying ...
2019-05-15 08:17:31
Korean 'Big3' withdrawn from Crux project [Offshore]
Korean 'Big3' shipbuilders are said to have withdrawn from competition over a tender for Royald Dutch Shell's offshore project by reason of too low price. According to industrial source, Hyundai Heavy Industries (HHI), Samsung Heavy Industries...
2019-05-15 08:16:58
STX scores additional MR tankers [Shipbuilding]
STX Offshore & Shipbuilding (STX O&S) has scored its first newbuilding order in 2019. Sources said that the yard’s existing customer, Pacific Carriers Limited (PCL) has recently exercised an option for two MR product tankers. With...
2019-05-15 08:14:48
Korean suppliers expecting much-awaited guests from Russia [Equipment]
The Busan Marine Equipment Association (BMEA) is hosting a supplier conference at Busan on May 23 inviting MCS (Marine Complex Systems) from Russia. The meeting is jointly held in cooperation with the Korea Marine Equipment Research Institute (KO...
2019-05-14 15:55:12
Korea received the second largest orders in April [Shipbuilding]
The Korean shipbuilding industry followed China’s lead (64%) in April’s shipbuilding order intake with 23% of the market share. Clarksons Research reported that among 1.21m-cgt (40 units) of newbuildings ordered in April 2019, China took 7...
2019-05-14 15:27:45
Gyeongnam TP aids commercialization of LNG propulsion [Equipment]
Gyeongnam Technopark announced its aid program for the commercialization of LNG ship equipment. The program is aiming to discover innovative LNG related equipment, empowering Gyeongnam and Ulsan’s small and mid-sized marine equipment manufac...
2019-05-14 14:28:08
Nakilat’s SHI LNGC achieves 10 years Safety Milestone [Shipping]
Nakilat’s Q-flex LNG Carrier Al Ghashamiya has recently achieved a significant safety milestone of over 10 years without lost time injury (LTI) or Total Recordable Case (TRC), equivalent to nearly 3 million safe man-hours. Al Ghashamiya is one ...
2019-05-14 10:47:57
eMARINE global receives orders from HHIC [Equipment]
eMARINE Global, Inc. (OTC: EMRN), a leading provider of information and communications technology (ICT) for the maritime industry, signed a contract with Hanjin Heavy Industries & Construction (HHIC) to supply the Company’s Warship Electron...
2019-05-14 10:46:27
DSME awarded LNGC by Oceanian owner [Shipbuilding]
Daewoo Shipbuilding & Marine Engineering (DSME) has been awarded one new LNG carrier, achieving 30% of its yearly order target.  The Korean shipbuilding heavyweight announced on May 14 that it won one 174,000 cbm LNG carrier from an O...
2019-05-14 10:07:59
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