General
BIMCO elected new President
Şadan Kaptanoğlu, managing director of HI Kaptanoglu Shipping, was elected President of BIMCO – the world’s largest shipping association – at its General Meeting in Athens on Tuesday 14 May. “It is a great privilege for me to chair t...
2019-05-21 08:41:43
Baltic Exchange appointed new chairman
Denis Petropoulos has been elected Chairman of the Baltic Exchange Council with effect from 1June 2019. He replaces Duncan Dunn who has held the position since January 2018. Denis Petropoulos was a founding partner of Braemar Tankers Ltd and rema...
2019-05-21 08:40:51
MPA sets cybersecurity center
Mr Niam Chiang Meng, Chairman of the Maritime and Port Authority of Singapore (MPA), opened a new 24/7 Maritime Cybersecurity Operations Centre (MSOC). The MSOC will be operated by ST Engineering in its Hub. MSOC will conduct 24/7 monitoring a...
2019-05-20 08:45:13
HHI appealed for support for DSME acquisition
HHI (Hyundai Heavy Industries) is promoting its decision of physical division and the acquisition of DSME (Daewoo Shipbuilding & Marine Engineering) in Ulsan local communities. The company stated that it is distributing promotion materials...
2019-05-17 15:12:58
HHI union fires 2019's first strike
HHI branch of the Korean Metal Workers' Union (KMWU) started a strike on May 16 to express opposition to the management's physical division plan. On the day, HHI union conducted a 4-hour partial strike, organizing a rally in front of HHI's Uls...
2019-05-17 14:37:40
SHI got a legal blow in UK
SHI (Samsung Heavy Industries) announced on May 16 through a regulatory filing that a London arbitration court ordered it to compensate a total of $180m to Ensco Global IV Ltd. SHI had delivered a new drillship (DS-5) in 2011, which it had won...
2019-05-17 13:45:27
SBM Offshore 1Q result posted
SBM Offshore posted its first quarter results on May 16. Bruno Chabas, CEO of SBM Offshore, commented: “SBM Offshore’s performance over the first quarter of 2019 has been on target and our guidance for the full year remains unchanged. O...
2019-05-17 10:23:11
JERA-CPC buys Mozambique LNG
JERA Co., Inc. (“JERA”) and CPC Corporation, Taiwan (“CPC”) have jointly signed a Sale and Purchase Agreement (“SPA”) with Mozambique LNG1 Company Pte. Ltd., the jointly owned sales entity of the Mozambique Area 1 coventurers, to proc...
2019-05-17 08:33:46
Talks held on sale of DSME
Regarding the sale of Daewoo Shipbuilding & Marine Engineering (DSME), during a face-to-face meeting with DSME labor union and civic group, which was held on Mat 15 at the office building of the Gyeongnam Provincial Government, Gyeongsangnam-...
2019-05-17 08:28:10
DSME posted earnings surprise in Q1
Daewoo Shipbuilding & Marine Engineering (DSME) posted ‘earnings surprise’ in the first quarter. Samsung Securities researcher Han Yeong-su said that “DSME’s first quarter revenue reached KRW2.0721trn, and operating profit reached ...
2019-05-16 15:23:54
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