General
HSHI scores thermal power plant deal
Korea Shipbuilding & Offshore Engineering (KSOE) announced through a regulatory filing on September 6 that its subsidiary Hyundai Samho Heavy Industries (HSHI) entered into an agreement worth KRW 106.9bn (about $90m) with Korea Western Power ...
2019-09-09 08:23:42
"SHI expected to turn black in 2020"
A Korean industry expert forecasted that Samsung Heavy Industries (SHI) is likely to make surplus from 2020 based on the constant improvement of its profitability.   Analyst Choi Jin-myung said, "SHI's backlog is beginning to bottom ...
2019-09-09 08:21:14
Korea-Myanmar expand collaboration scope
The Ministry of Oceans and Fisheries (MOF) of Korea signed a memorandum of understanding (MOU) with the Ministry of Transport and Communications (MOTC) of Myanmar in Naypyidaw, Myanmar, on September 3 on 'modernization of shipping and shipbuildin...
2019-09-06 08:18:40
SMM 2020 publishes motto and Maritime Industry Report
The year 2020 marks a major turning point in international shipping: On January 1, a lower global limit for the sulphur content of ship fuels will enter into force. Instead of 3.5per cent, the allowable maximum will be 0.5per cent. For decades he...
2019-09-05 08:55:35
KR-STX form tech partnership
Korean Register of Shipping (KR) and STX Offshore & Shipbuilding (STX O&S) signed an MOU on September 3 for cooperation in AR/VR R&D based on ships’ 3D modeling.   Two parties agreed to jointly build a virtual environment bas...
2019-09-04 15:48:35
CSIC chairman resigns
China Shipbuilding Industry Corporation (CSIC) announced its major management shakeup on August 30, noting that Chairman Hu Wenming resigns.  Hu has been the heads of both China State Shipbuilding Corporation (CSSC) and CSIC, for the past...
2019-09-03 08:34:15
Zero-emission Atlantic crossing completed
Teenage climate activist Greta Thunberg arrived in New York City today after a two-week sail across the Atlantic aboard the high-tech racing yacht Malizia II. Upon arrival, the sailboat was met by Torqeedo-powered electric boats to assist and esc...
2019-09-02 08:36:52
ClassNK integrated points of contact
Tokyo – Leading classification society ClassNK has undergone structural changes that include an integration of its point of contacts in order to more quickly and efficiently support clients with the IMO’s upcoming sulphur cap which will be ...
2019-08-30 08:41:24
RigNet to provide managed communications to Borr
RigNet (NASDAQ: RNET), the leading provider of ultra-secure, intelligent networking solutions, announced that it has signed a multi-year agreement with Borr Drilling (NO: BDRILL), a global offshore drilling contractor, to exclusively provide enhanc...
2019-08-30 08:34:23
Unemployment rate down in two Korean cities
The unemployment rate in Geoje City and Tongyeong City, South Gyeongsang Province, Korea, turns out to have improved a little after rising sharply amid a severe slump in shipbuilding industry.  Among 77 cities in Korea, according to data ...
2019-08-29 08:22:36
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