Prosafe prolongs newbuild pact
Prosafe remains focussed on its fleet high-grading strategy and continues to work with COSCO Shipping (Qidong) Offshore Co. Ltd (COSCO) to find a comprehensive commercial solution for the three Prosafe vessels that currently reside in COSCO’s Q...
Volvo Penta to electrify marine segment
With the aim of becoming a driving force in sustainable power solutions, Volvo Penta is going full charge into hybrid and all-electric drivelines, offering electrified solutions in both its marine and industrial segments by 2021. On June 11, V...
Tufton reveals innovation pilot project
A strategic project was announced on June 15 between Tufton Oceanic’s asset management company Oceanic Marine Management (OMM) and Lloyd’s Register (LR) in the area of maintenance optimisation and digital innovation. The project will cover...
KOMERI donates ship switchboard for education
The Korea Marine Equipment Research Institute (KOMERI) and the Korea Maritime and Ocean University (KMOU) hosted a ship switchboard donation ceremony on June 19 at the international conference hall of the KMOU, Busan Metropolitan City, Korea.&nbs...
"4th industrial revolution may reshape shipbuilding"
Kim Young-chun, the Minister of Oceans and Fisheries of Korea presented Poland's World Maritime Day Parallel Event in Poland on June 14 to discuss issues in the global maritime industry. In a ministerial meeting, he introduced Korean policy re...
KR discusses IMO rules
The Korea Register of Shipping (KR) had a seminar to discuss the International Maritime Organization's (IMO's) Greenhouse Gas Emissions and Data Collection System, jointly with the Korea Shipowners' Association (KSA), on June 14 at the office bui...
Scrubber usage on increase
As the International Maritime Organization's (IMO's) global sulfur cap is just a year and a half away, shipowners have been increasingly active in the scrubber installation. Last May, according to DNV GL, the number of ships with SOx scrubber ...
"LNG is the most sensible fuel choice"
What kind of change would 2020 Global Sulphur cap bring to the marine fuel market, and who would benefit from the changes? An industry researcher predicted that Daewoo Shipbuilding & Marine Engineering (DSME) will greatly benefit from the tra...
SHI ready for LNG ship war
It seems Samsung Heavy Industries (SHI) is ready to engage in LNG carrier segment. Eom Kyung-ah, a researcher at Shinyoung Securities commented on June 18 that “SHI is highly competitive in LNG carrier segment with its new LNG containment sy...
STX to go for recapitalization
STX Offshore & Shipbuilding (STX O&S) announced through a regulatory filing on June 18 that it is issuing new shares through third-party allotment worth KRW77.9bn. The company is issuing 623,223 shares of common shares at KRW125,000 pe...
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