KOGAS inks MOU with compatriot firms for Mozambique LNG
In Cape Town, South Africa on November 28, Korea Gas Corporation (KOGAS) put pen to an MOU with KOTRA and Doosan Heavy Industries & Construction regarding private and public cooperation for Mozambique natural gas projects. With the MOU, ea...
LNG company Skangas renamed Gasum
The energy company Gasum increased its shareholding in the Liquefied Natural Gas (LNG) company Skangas from 70% to 100% in October 2018. The acquisition is part of the Gasum strategy, a core element of which is to develop the Nordic gas market an...
HHI Group appointed new Ship Sales Division leader
Hyundai Heavy Industries (HHI) Senior Vice President Chung Ki-sun is appointed as president of HHI Ship Sales Division, it is said. Sources told that Chung took the title on November 19, as a follow-up of Ka Sam-Hyun’s appointment as HHI co-...
FKI places importance on public-private system
The Federation of Korean Industries (FKI) had a policy seminar on 'the take off in overseas construction, shipbuilding and offshore industries' on November 26 at the FKI Tower, Seoul, Korea, noting that a public-private joint system like Japan's ...
STX Heavy changes largest shareholder
STX Heavy Industries announced through a regulatory filing on November 26 that its largest shareholder is now Pine Tree Partners, instead of Korea Development Bank. Pine Tree Partners currently holds 66.09% of shores in the company. The compan...
EU to join WTO dispute between KOR & JPN
While Japan is suing Korea at the World Trade Organization (WTO) claiming unfair government subsidies to the shipbuilding industry, the European Union (EU) also intends to join settlement process. According to the WTO, the EU notified th...
World-Class Product certificate granted
The Ministry of Trade, Industry and Energy (MOTIE) granted World-Class Product certificates on November 23 at Seoul. This year, 59 items from 81 companies were awarded the certificate, of which 34 items of 50 companies were classified as the ...
HRD Councils collaborate for skill development
Shipbuilding and Maritime Industry Human Resource Development Council and Jeonnam Human Resource Development Council have signed MOU for future collaborations. They explained that while the shipbuilding industry is steadily recovering and the ...
Lim to take the consecutive term
Lim Kitack is to serve another four-year presidential office at IMO with the Organization approved his second and the last term on November 22 at London. 40 members of the IMO board approved the reappointment unanimously, and it will be discus...
STX O&S sold off assets, finalizing MR contracts
STX Offshore & Shipbuilding announced on November 21 that it had completed the disposal of its non-operating assets by selling its Haengam factory, thus increasing the possibility for RG issuance on 3+2 50K product/chemical tankers the compan...
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