Rolls-Royce inks $20m supply deal
Rolls-Royce, the global power systems company, has received an order worth over US$20 million to supply diesel generator sets and thrusters to Houston-based offshore engineering and construction company J. Ray McDermott. The order, which includes...
STX builds $700m LNG terminal
Korea’s STX Heavy Industries said Thursday that it has signed a joint development agreement for an LNG import terminal in Lazaro Cardenas, Mexico, with Grupo Indi. The company said it will establish a special purpose company to handle the projec...
Samsung wins LNG terminal
Samsung C&T Corp., a Korean trading company, said Monday that it has won a deal to build a liquefied natural gas (LNG) facility in Singapore for 730 billion won. Under the deal with Singapore LNG Corp., Samsung C&T will complete the construction o...
Gazprombank loans for Zvezda
Gazprombank has opened a 2-year line of credit at amount of 930 million rubles ($30.4m) for Far East Plant “Zvezda” (Bolshoy Kamen, Primorsky Territory). The funds intended for financing the cost of government contracts, the bank statement sa...
STX eyes more offshore orders
STX Group, a Korean giant of shipbuilding, machinery, shipping, offshore, and energy, has set up its 2010 business roadmap to invest KRW 1.2trn (USD 1.02bn), excluding foreign and other corporation investment, and to achieve KRW 33trn (USD 28.2bn) of...
Nissan orders PCCs
Japan’s Nissan Motor Car Carrier has ordered two new pure car carriers that will be built to a radical new environmentally friendly design. The two 2,000-unit pure car carriers have been ordered at compatriot Kyokuyo Shipyard and are due for de...
STX invests in POSCO's China unit
One of Korea's top shipbuilders, STX Offshore & Shipbuilding invests in steel processing center construction in Dalian, China led by POSCO, the largest steel maker in Korea, and reinforces collaborative relationship with the mill. According to an i...
Hyundai-Posco ‘Iron War’
Competition between Hyundai Motor Group and Posco is heating up since the beginning of this year. Two companies that are destined to compete with each other in shipbuilding and automobile sectors for the first time this year are conducting a war ...
Korea eyes int’l standardization
South Korea is promoting international standardization of the shipbuilding technologies which had been developed by the nation’s shipbuilders. The Korean Agency for Technology & Standards, an affiliated organization with the Ministry of Knowledge E...
VIKING celebrates 50th anniversary
VIKING Life-Saving Equipment announced the company’s 50th Anniversary and the 50th Anniversary of its Chairman of the Board, Mr Tage Sørensen on February 1, 2010. The occasion will be celebrated at the company’s offices around the world, and...
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