General
Court rules liquidation of Nantong Huakai
The court in China ruled the liquidation of Nantong Huakai Heavy Industry, a wholly-owned subsidiary of Hong Kong-listed shipyard group China Ocean Industry. According to industrial source and foreign press, a court in Jiangsu has made the dec...
2019-07-24 08:25:54
Japan discusses future prospect for marine sector
While the share of shipping accounts for 99% of transport industry, in Japan where is surrounded by the sea, marine businesses including shipbuilding and equipment supports local economy and employment by supplying economical and reliable ships.&...
2019-07-24 08:24:26
Kwon confident in DSME acquisition
Korea Shipbuilding & Offshore Engineering (KSOE) CEO Kwon Oh-gap again expressed his confidence in DSME (Daewoo Shipbuilding & Marine Engineering) acquisition in his thank-you note to company staffs sent on July 22. “DSME acquisition...
2019-07-23 15:10:20
HHI's application for DSME merger submitted to China
Hyundai Heavy Industries (HHI) Group has officially started the process to earn approval from foreign anti-trust regulators for its proposed takeover of Daewoo Shipbuilding and Marine Engineering (DSME). According to industrial source, Korea S...
2019-07-23 08:38:06
FortisBC secures first export contract for Tilbury LNG
FortisBC announced that it has entered into its first term supply agreement to produce liquefied natural gas (LNG) for Top Speed Energy Corp. to export to China. This term supply agreement is an unprecedented development in Canada’s LNG export ...
2019-07-22 08:50:56
Keppel nets profit of S$356m for 1H 2019
Keppel Corporation Limited (Keppel) reported a net profit of S$356 million for the half year ended 30 June 2019, 39% below the S$586 million achieved a year ago, mainly due to lower contributions from en-bloc sales of property projects which amou...
2019-07-22 08:50:07
Wallem reboots agency business
Wallem Group is rolling out cloud-based software to reduce paperwork and streamline workflows across its ship agency business. Simplifying the management of documentation and actions required in port calls in a unified system will reduce administ...
2019-07-22 08:48:01
Shin wins third 'Elmer L. Hann' prize
Shin Jong-gye, Full Professor of Department of Naval Architecture and Ocean Engineering of Seoul National University (SNU), wins 'Elmer L. Hann' prize in 'SNAME Maritime Convention (SMC) 2019', SNU announced on July 15. This is the third time Shi...
2019-07-18 08:37:05
Odfjell SE sells terminal in Jiangyin to YZJ
Odfjell SE announced that Odfjell Terminals Asia Holding Pte. Ltd. has finalized the sale of its indirect 55% equity interest in Odfjell Terminals (Jiangyin) Co., Ltd. Reference is made to the stock exchange announcement of May 8th, 2018, in whi...
2019-07-17 10:29:46
UK set new innovation center of industry
A consortium of British companies, academia and government, have formally established a new national centre for maritime innovation and technology (“MarRI-UK”). The centre, offering exciting development opportunities for the UK’s £40bn mar...
2019-07-17 08:52:19
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