General
Transborders signs study agreement with Kyushu Electric
Transborders Energy (Transborders) is pleased to announce it has entered into a Joint Study Agreement with Kyushu Electric Power Co., Inc. and its affiliate Kyushu Electric Australia Pty Ltd (Kyushu).  The Joint Study Parties will work to...
2019-06-17 15:23:25
Nor-Shipping 2019 sets new records
Organisers have revealed that the latest Nor-Shipping was the most successful ever, with a record number of delegates attending the Lillestrøm-based exhibition halls and associated activities in Oslo. In all, almost 50,000 people participated in...
2019-06-17 08:51:31
POSH, PCL select ABS to support digital strategy
PACC Offshore Services Holdings Ltd (POSH) and Pacific Carriers Limited (PCL) have selected ABS Nautical Systems ® (NS) fleet management software to support their digitalization strategy. Both PCL and POSH are part of Kuok Singapore Limited (...
2019-06-17 08:49:52
DryShips received acquisition proposal
June 13, 2019 DryShips Inc. (NASDAQ:DRYS) (“DryShips” or the “Company”), a diversified owner and operator of ocean going cargo vessels, announced it has received a non-binding offer letter from SPII Holdings Inc., (“SPII Holdings”), a...
2019-06-17 08:35:34
EU to support autonomous ship project
The European Union (EU) is to finance a project to develop autonomous ship, which has been carried out by European businesses. Under the 'Autoship' project, the EU will support construction of two remote and autonomous vessels. The European Co...
2019-06-17 08:32:30
HHI labor strikes for seven hours
The labor union of Hyundai Heavy Industries (HHI) went ahead with the strike and marched through the streets in Ulsan Metropolitan City, Korea, on June 14, claiming that a decision made from the general meeting of stockholders on corporate divisi...
2019-06-17 08:25:56
President Moon strengthens tie with Norway
During his state visit to Norway, Korean President Moon Jae-in had a summit with Prime Minister Erna Solberg. Prime Minister Solberg expressed friendship with Korea, pointing out democracy and constitutionalism as shared values of two countrie...
2019-06-14 14:00:22
Partnership strengthens between DSME and DNV GL
Daewoo Shipbuilding & Marine Engineering (DSME) and DNV GL have signed a framework agreement which will see them cooperate on joint development projects (JDPs) for future technologies in the shipbuilding and offshore plant industries. The agr...
2019-06-14 10:48:29
Third round again foundered at Sungdong
The third bidding round for Sungdong Shipbuilding & Marine Engineering again foundered on June 13. Sources told that Changwon District Court decided miscarriage of auction, judging all three bidders' could not appropriately prove financing...
2019-06-14 08:28:52
Former CEO of DSME sentenced to five years in jail
Nam Sang-Tae, the former CEO of Daewoo Shipbuilding & Marine Engineering, has been sentenced to five years in prison. On June 13 the Supreme Court announced a final ruling of five years in prison on Nam Sang-Tae who was accused of profes...
2019-06-13 14:22:07
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