General
KHI's Ship & Offshore makes profit
Kawasaki Heavy Industries (KHI) ran a surplus in its shipbuilding and offshore business during 2018 fiscal year (FY, ending March 31, 2019). The Ship & Offshore Structure division of KHI logged operation profit of JPY 1bn for FY2018, turni...
2019-05-07 08:22:40
Two safety incidents occurred in SHI
There have been two safety accidents in Samsung Heavy Industries (SHI) for two days. On April 4, according to Geoje Police Station, etc., one laborer in his fifties was killed when construction materials from a crane fell on him at SHI Geoje s...
2019-05-07 08:20:53
Sembcorp Marine posts Q1 2019 results
Sembcorp Marine reported net profit of $2 million for the three months ended March 31, 2019 (1Q 2019), compared with net profit of $5 million for 1Q 2018. In 1Q 2019, Group revenue totalled $811 million, compared with $1.18 billion booked in 1...
2019-05-03 16:18:12
HHI preparing procedures for DSME acquisition
Hyundai Heavy Industries (HHI) Holdings announced the Group is preparing the corporate combination application for EU in regard of its Daewoo Shipbuilding & Marine Engineering (DSME) acquisition. In a recent conference call on May 2, the h...
2019-05-03 15:22:20
HHI succeeds in making profit in Q1
Hyundai Heavy Industries turned into the black in the first quarter operating results as ship prices rose and foreign exchange rates had favorable effects. The Korean shipbuilding giant posted first quarter operating profit of KRW 28.1bn (abou...
2019-05-03 08:30:01
ABS unveils guide for smart ships
ABS published the Guide for Smart Functions for Marine Vessels and Offshore Units (Smart Guide) to help marine and offshore owners and operators capitalize on their operational data. The Smart Guide introduces a unique class approach leading t...
2019-05-01 10:18:20
STX Engine receives money from selling STX France
STX Engine announced through a regulatory filing on April 29 that it entered into agreement with STX Offshore & Shipbuilding (STX O&S) regarding sharing money from selling STX France.   By allocation precedence, the sale mone...
2019-05-01 08:04:38
KSSS Award Ceremony successfully held
The Korea Offshore & Shipbuilding Association (KOSHIPA) held KSSS (Korean Shipyards Safety Standardization) Award ceremony on April 26 in Busan with the support of four global oil majors including BP, Chevron, ExxonMobil, and Shell. The ce...
2019-04-30 08:27:10
Ulsan's R&D project chosen by government
The 'shipbuilding and offshore SW convergence cluster' project, which is prepared by Ulsan Metropolitan City and the Ulsan ICT Promotion Agency (UIPA), has been selected through a contest for projects of 'SW convergence cluster 2.0', which is sup...
2019-04-29 08:20:33
Wallem Group selects new MD
John-Kaare Aune has been appointed the new Managing Director, Ship Management for the Wallem Group. He is expected to take up his position with effect from 1 July 2019. John joins Wallem from the Cayman Registry, where he was most recently Reg...
2019-04-26 08:31:35
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