General
KSOE to become 'business holding company'
It is expected that some technology development manpower at Hyundai Heavy Industries (HHI) and Daewoo Shipbuilding & Marine Engineering (DSME) will enter Korea Shipbuilding & Offshore Engineering (KSOE, named tentatively), which will be e...
2019-03-21 08:15:20
Discussion held on Korean shipbuilding industry
The Ministry of Trade, Industry and Energy (MOTIE) of Korea had a round-table talk on March 14 at Busan Ilbo Buiding, Busan Metropolitan City, Korea, to discuss development and cultivating human resource in Korean shipbuilding and offshore indust...
2019-03-20 08:19:53
BW purchases majority stake in Epic Gas
BW Group has purchased 38,548,329 shares in Epic Gas from key shareholders of Epic Gas representing 54.7% of the issued shares (the "Share Purchase"), and launches its unconditional tender offer to acquire the remaining shares (the "Offer) for a ...
2019-03-19 16:36:58
K-sure signed cooperative agreement with Pertamina
The Korea Trade Insurance Corporation (K-sure) signed a cooperative agreement with Pertamina, the Indonesian state-run oil company. The agreement is arranged for K-sure to devise financial support regarding Pertamina’s projects in a conditio...
2019-03-19 16:31:35
Scorpio announces Sale and Leaseback for seven
Scorpio Bulkers Inc. (NYSE:SALT) (“Scorpio Bulkers,” or the “Company”) announced today that it has agreed to sell and leaseback three Ultramax vessels (SBI Pegasus, SBI Subaru and SBI Ursa) and four Kamsarmax vessels (SBI Lambada, SBI Mac...
2019-03-19 10:11:02
Wärtsilä successfully tests remote guidance service
The technology group Wärtsilä has successfully tested its remote guidance service, thereby creating an entirely new dimension in vessel repair and maintenance operations. Through real-time communication using voice-controlled Augmented Reality ...
2019-03-19 08:33:35
Emerson offers advanced digital twin solutions
Emerson announced the first offering to come from the 2018 alliance between Emerson and AspenTech -- a new integration technology that will make it more practical and efficient for organizations to create digital twins for use across an entire pl...
2019-03-19 08:31:53
Understanding of 'rogue waves'
UK researchers made a significant breakthrough in the research of ‘rogue waves,’ enormous surface waves suddenly appearing, which are extremely dangerous for ships. Global Core Research Center for Ships and Offshore Plants (GCRC SOP) recen...
2019-03-19 08:29:29
Industry seeking stability from leadership
The Korean shipbuilding industry is pursuing a virtue of stability to respond to a grand restructuring led by HHI’s DSME acquisition. Sources told that Hyundai Heavy Industries (HHI) is holding an extraordinary general meeting on May 31 to d...
2019-03-15 08:25:46
ClassNK appoints Senior Executive Vice President
Effective 12 March 2019, Mr. Hiroaki Sakashita has been appointed as Senior Executive Vice President as well as Executive Director of ClassNK. Mr. Sakashita began his career at Japan’s Ministry of Transport (now Ministry of Land, Infrastruct...
2019-03-14 08:35:20
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