Keppel reaches global resolution with authorities
Keppel Corporation Limited (Keppel Corporation or Keppel) on December 23 confirmed that KOM has reached a global resolution with criminal authorities in the United States, Brazil and Singapore in relation to corrupt payments made by KOM's former ...
Busan discusses win-win for industries
Busan Metropolitan City has recently announced that it will have a meeting to discuss 'win-win strategy for shipbuilding, shipping and finance sectors' on December 27 at Busan Metropolitan City Hall, Busan, Korea, under the chairmanship of Kim Yo...
9-year jail sentence confirmed on former DSME CEO
The Supreme Court of Korea announced on December 24 that it sentenced Ko Jae-Ho, who headed Daewoo Shipbuilding & Marine Engineering (DSME) from 2012 to 2015, to nine years in prison on charges of accounting fraud. Ko was accused of ...
Ulsan holds ICT convergence seminar
Ulsan Metropolitan City and the Ulsan ICT Promotion Agency (UIPA) held a seminar to spread awareness on 'ICT convergence technology and the quality of the relevant S/W in shipbuilding & offshore plant industry' on December 20 at Lotte Ulsan H...
Korea sees upswing in exports
Exports are picking this month with semiconductors and ships as the center. The Korea Customs Service announced on December 21 that exports from the country came to $31.5bn during December 1-20 this year, up by 16.4% against the same period a ...
DNV GL launches first class guideline for AM tech
DNV GL announced on December 15 that it has published the first classification guideline for the use of additive manufacturing (AM) in the maritime and oil & gas industries. The guideline is designed to help manufacturers and sub-suppliers of...
Emerson extends industrial IoT application portfolio
Emerson recently announced an extension of its Plantweb digital ecosystem with the new PlantwebInsight Heat Exchanger app, an affordable, easy-to-use analytics and asset alert predictive intelligence tool, which provides maintenance staffs real-t...
Foundation DNV assumes full ownership of DNV GL
Stiftelsen Det Norske Veritas (The Foundation) and Mayfair announced on December 14 that the sale of Mayfair’s 36.5% shares in DNV GL Group AS to DNV Holding AS. The agreement regarding the leading quality assurance and risk management company ...
JERA-EDFT to enter into LNG optimisation JV
JERA Co., Inc. (“JERA”) and EDF Trading Limited (“EDFT”), announced on December 14 the signing of a non-binding agreement for an LNG optimisation joint venture through JERA Trading Pte. Ltd. (“JERAT”). JERA Trading International Pte. ...
Rockwell announces Manufacturing Safety Awards
To recognize industrial companies with best-in-class safety, Rockwell Automation has announced automotive manufacturer Honda of Canada Manufacturing and U.K.-based equipment builder A.M.P Rose as the winners of its fifth annual Manufacturing Safe...
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