General
DSME appeals against sanctions by KFTC
Daewoo Shipbuilding & Marine Engineering (DSME) turns out to have filed an administrative litigation against sanctions imposed by the Korea Fair Trade Commission (KFTC) on suspicion of violating subcontracting act. The KFTC fined KRW 10.8b...
2019-04-09 08:30:43
PETRONAS to meet rising LNG demand
PETRONAS, with its growing portfolio of LNG supply sources in Malaysia, Australia, Egypt and soon in Canada, is well-positioned to provide clean energy through its flexible and innovative LNG solutions to existing and new demand markets, as well ...
2019-04-08 11:03:14
FLEX LNG eyeing listing on NYSE
FLEX LNG Ltd. announced that it has confidentially submitted a draft registration statement on Form 20-F to the U.S. Securities and Exchange Commission (the “SEC”) relating to the proposed listing of its ordinary shares on the New York Stock ...
2019-04-08 10:36:02
Korea-Saudi strengthening industrial ties
Saudi Arabia’s Minister of Economy and Planning, HE Mohammed Al-Tuwaijri, and his Korean counterpart, HE Sung Yoon-mo, Minister of Trade, Industry and Energy, took a decisive step towards strengthening the two countries’ strategic partnership...
2019-04-05 08:44:38
China abandons 'white list' program
The Chinese government is said to have abandoned the 'white list' program it had run since 2014 for the restructuring of domestic shipbuilders. The Ministry of Industry and Information Technology (MIIT) of China has run the program which choos...
2019-04-05 08:28:30
Novatek signs LNG supply deal with Repsol
Novatek Gas&Power Asia, a trading subsidiary of PAO NOVATEK (“NOVATEK” and/or the “Company”) announced at the International Conference & Exhibition on Liquefied Natural Gas in Shanghai, that it has signed a non-binding Heads of Ag...
2019-04-04 08:34:10
ABB exhibits advanced factory at Hannover Messe
ABB CEO Ulrich Spiesshofer explained how a production cell would work in the factory of the future, where robots will collaborate with humans. They were shown how iconic, two-armed YuMi® robots together with single-armed YuMi® put together wris...
2019-04-03 08:44:35
LR launches noise notation for ships in ports
LR has released a new airborne noise emission notation (ABN) and ShipRight procedure to meet increasing demand for a standard and methodology to control airborne noise emissions from ships. The new notation defines a set of limit levels for ai...
2019-04-03 08:39:53
Japan accedes to ship recycling convention
IMO's treaty for safe and environmentally-sound ship recycling has received another boost. Japan has become the 10th country to become a Party to the Hong Kong Convention.The Convention covers the design, construction, operation and maintenance o...
2019-04-03 08:37:42
Seaspan to invest 200m in Swiber
Seaspan Corporation ("Seaspan") (NYSE:SSW) announced that it has executed an investment agreement with Swiber Holdings Limited ("Swiber", and together with its subsidiaries, the "Swiber Group"), having made progress in the previously announced in...
2019-04-03 08:37:21
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