STX Heavy sells non-core business assets
As a part of its management stabilization program, STX Heavy Industries receives letters of intent for taking over its Changwon 3 factory, Sujeongman Bay works and the other non-core business assets by April 13 in order to sell them in open and c...
KOMERI-Spurs Mtech join hands
The Korea Marine Equipment Research Institute (KOMERI) signed an agreement with Spurs Mtech to set up 'a cooperation system for establishing and running a research institute company' on March 19 at KOMERI's Yeongdo Research Center, Busan Metropol...
HMD registers patent for 'smart jig'
Smart Jig program for welding process developed by Hyundai Mipo Dockyard (HMD) is now patented. According to HMD, the patent named ‘Ship block arrangement method by smart jig program’ can maximize FGB’s efficiency by optimizing the arran...
KOSHIPA to hold KSSS award
The Korea Offshore & Shipbuilding Association (KOSHIPA) will hold an award for 'Korean Shipyards Safety Standardization (KSSS)' on March 22 at Westin Chosun Busan, Busan Metropolitan City, Korea, with supports from four global oil majors Roya...
Hyundai enjoyed favorable Feb orders
Hyundai Heavy Industries (HHI) recently announced that its accumulated revenue by February (separate basis, interim) amounts to KRW1.143trn, which is yoy 35% decrease. Hyundai Mipo Dockyard (HMD) logged KRW333bn of revenue during the same period,...
JMU secures domestic VLCC
Japan Marine United (JMU) is understood to have secured an order for one VLCC from a domestic operator. According to foreign sources, the 300,000-dwt unit will be delivered between 2019 and 2020 to JX Ocean, a shipping arm of JXTG Holdings, wi...
Statoil to change name to Equinor
The board of directors of Statoil proposes to change the name of the company to Equinor. The name change supports the company’s strategy and development as a broad energy company. The name Equinor is formed by combining “equi”, the startin...
VIKING sees a slight improvement in cargo and offshore
For the second consecutive year, revenue and earnings remained stagnant for 2017 at VIKING Life-Saving Equipment A/S. Two of the largest customer segments, the cargo ship market and offshore industry, remain in turmoil and continue to impact the ...
Vard secures contract for fishing vessel
VARD announced on March 15 a contract for the construction of one fishing vessel for Remøybuen AS in Norway. The contract value is approximately NOK 60 million. Classified for deep sea fishing, the new fishing vessel is a combined long ...
Bibby takes ambitious steps
Bibby Offshore group has announced three individual multimillion pound contract wins with an oil and gas supermajor. The initial contract will see Bibby Offshore complete riser replacement works including a production/test riser and riser buoy...
2018 - 3
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