Korea to enhance marine cooperation with Russia
The Ministry of Trade, Industry and Energy (MOTIE) announced on June 5 that it is holding the ‘9th Korea-Russia Industrial Cooperation Committee’ at Moscow to enhance two countries’ cooperation in shipbuilding and offshore businesses. Korea...
Inmarsat-Hyundai Global Service tie for digitalization
Inmarsat has signed a business cooperation agreement that allows Hyundai Global Service (HGS) to offer ship owners and managers a digital total care solution route to maritime digitalisation. HGS was established in 2016 by parent group Hyundai He...
McDermott won contract for Mozambique LNG development
McDermott International, Inc. (NYSE: MDR) announced that CCS JV, a joint venture between McDermott, Saipem and Chiyoda, has reached full agreement for a contract with Anadarko Petroleum Corporation for the Mozambique Area 1 Liquefied Natural Gas ...
HHI union continues to strike
HHI (Hyundai Heavy Industries) branch of the Korean Metal Workers' Union (KMWU) continued the strike opposing the physical division recently decided at the general meeting of shareholders. On June 4, the union waged a 7-hour partial strike fro...
DNV GL appoints Digital Solutions CEO
Kenneth Vareide has been appointed the CEO of DNV GL’s Digital Solutions business area, which is a provider of solutions for managing risk and improving asset performance. Its services are used primarily by the oil & gas, energy, rene...
Total buys Toshiba LNG assets in US
Total has signed an agreement with Toshiba to take over its portfolio of liquefied natural gas (LNG). It includes a 20-year tolling agreement for 2.2 million tonnes per annum (Mtpa) of LNG from Freeport LNG train 3 in Texas and the corresponding ...
PETRONAS enjoyed favorable Q1
PETRONAS announced a robust 2019 first quarter financial performance, as it pursued its three-pronged strategy to maximise cash generation, extend its value chain and step out into new ventures. The results were further supported by the Group’s...
Revolutionary sea mapping recognized
The GEBCO-Nippon Foundation Alumni Team has won the Shell Ocean Discovery XPRIZE, prevailing against talented teams from around the world to claim the top prize of $4 million for their entry concept. The award was presented to the team at a ce...
"Physical division strengthens HHI shipbuilding muscle "
IBK Securities sees that the physical division of Hyundai Heavy Industries (HHI) would strengthen the grip over the shipbuilding business of HHI Group, and the takeover of Daewoo Shipbuilding & Marine Engineering (DSME) would further solidify...
HMD started 2019 negotiation rally
The management and the labor of Hyundai Mipo Dockyard (HMD) had the first meeting of 2019 collective bargaining on May 31 at Ulsan, in the presence of HMD President Shin Hyun-dae and Union Chairman Cho Yeong-tae. At the meeting, President Shin...
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