General
FSC Chair advocated HHI-DSME merger again
Choi Jong-gu, Chairman at the Financial Services Commission (FSC) of Korea, commented on June 27 that the acquisition of Daewoo Shipbuilding & Marine Engineering (DSME) by Hyundai Heavy Industries (HHI) would benefit the shipbuilding companie...
2019-06-28 15:19:22
Ulsan-Russia discuss shipbuilding cooperation
During his visit in Moscow, Russia, on June 24, Ulsan Mayor Song Cheol-ho met Rosneft, LUKoil and Novatek to discuss cooperation between Ulsan Metropolitan City and Russia on energy and shipbuilding segment. On the day, Song requested cooperat...
2019-06-28 08:22:28
RigNet settles Inmarsat arbitration
RigNet, Inc. (NASDAQ: RNET, “RigNet” or “the Company”), the leading provider of intelligent networking solutions and specialized applications, announced that it has reached a settlement with Inmarsat Global Limited (“Inmarsat”) that c...
2019-06-27 08:57:57
Saudi Aramco signs 12 agreements with Korea
Saudi Aramco and its affiliates signed 12 agreements with major South Korean companies to reinforce relationships with South Korea, expand international operations, and support the region’s energy security with the expansion of Arabian crude oi...
2019-06-27 08:37:12
US company nets contract for King Salman complex
Jacobs (NYSE:JEC) has been selected by SEPCO Electric Power Construction Corporation to deliver engineering services for Packages 4, 5 and 6 of the King Salman International Complex for Maritime Industries and Services project at Ras Al Khair in ...
2019-06-26 10:27:03
Ulstein released 2018 results
In 2018, Ulstein Group recorded revenues of NOK 1.89 billion and an operating loss of NOK - 211.6 million. The result was partly caused by low exploitation of capacity in parts of the group, large restructuring expenses and loss on certain projec...
2019-06-26 08:34:40
BHGE shakes hands with AI company
Baker Hughes, a GE company (NYSE:BHGE) and C3.ai announced a joint venture agreement that brings together BHGE’s fullstream oil and gas expertise with C3.ai’s unique AI software suite to deliver digital transformation technologies that will dri...
2019-06-26 08:33:53
Hill Dickinson boosts commodities team
Hill Dickinson announced the strategic acquisition of two partners for its growing commodities team. Experienced energy sector lawyers Mark Aspinall and Paul Sinnott have joined Hill Dickinson from Eversheds and will operate from the firm’s ...
2019-06-26 08:32:32
"Protest will continue until merger of DSME abandoned"
A civil committee in Geoje City for opposing the sale of Daewoo Shipbuilding & Marine Engineering (DSME) had a press conference on June 24 at its encampment set up in front of the entrance of DSME Okpo shipyard, noting, "The focus of our tent...
2019-06-26 08:21:49
SAJ new president wants 'level ground'
The new chairman of the Japan Shipbuilders' Association (SAJ) Tamotsu Saito (IHI) held his inauguration conference on June 19 at Tokyo. He commented that “excessive support by governments induces oversupply, impeding fair competition.” He als...
2019-06-25 15:59:22
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