I-Tech AB strengthens Selektope supply chain
Swedish bio-technology company I-Tech AB has announced on March 13 the strategic acquisition of manufacturing process technology and IP, for the production of medetomidine, from Cambrex Corporation (NYSE: CBM). The transaction consolidates the su...
Denmark-Mexico sign MOU for maritime future
Brian Mikkelsen, the Minister for Industry, Business and Financial Affairs of Denmark, and Gerardo Ruiz Esparza, Secretary of Communications and Transportation, have signed an MOU for cooperation in maritime industry. Two countries agreed to c...
Ulsan industry harvesting smart fruit
It is said that smart factories supported by Ulsan and Ulsan Technopark have experienced an impressive improvement in competitiveness. A recent seminar on March 13 to review the result of innovation assistance projects revealed such an outcome...
Busan equipment providers to join 'APM 2018'
Busan Metropolitan City of Korea has recently announced that its 10 local equipment providers such as SEANET, DaeKyung, OSCG, Magswitch Technology Korea, Yoowon Industries, Samwoo B&B, Bomyung Metal, TANKTECH, Total Soft Bank and Heartman wil...
Kouan bags one cable-laying vessel
Zhongchuan Offshore, a Chinese offshore engineering company, turns out to have awarded one new cable-laying vessel (CLV) to its compatriot shipbuilder Taizhou Kouan Shipbuilding. The vessel is slated for delivery in 2019, a foreign press...
Doosan Heavy sells stakes in Doosan Engine
Doosan Heavy Industries & Construction announced through a regulatory filing on March 13 that the company has decided to sell its entire stakes (42.66%) in Doosan Engine to a consortium consisting of two Korean private equity funds Socius Adv...
Lowest newbuilding cancellation in a decade
It is said that newbuilding cancellation reaches 10-year low while ordering activity is picking. French brokerage BRS explained that cancellations are a direct sign of slump, and were reduced impressively with recent price change. According...
"Doosan Engine expected to see recovery"
Doosan Engine, which will be sold to a consortium consisting of two Korean private equity funds Socius Advisors and Well to Sea Investment, is expected to receive benefit from the current recovery in new ship order sales market. Park Moo...
Sungdong/STX unions protest against government
laborers of Sungdong Shipbuilding & Marine Engineering and STX Offshore & Shipbuilding is warning of demonstration against government. On March 12, five delegates of Korean Metal Workers’ Union (KMWU)’s Sungdong branch, STX branch,...
Tsakos expanding LNG fleet
Greek operator Tsakos Energy Navigation (TEN) is planning to expand its LNG fleet from the current two units to six. The president and CEO of TEN, Nikolas Tsakos said that they will give priority to LNG segment in its Q4 result conference call...
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