Keppel announced contract cancellation
Keppel Corporation Limited (“KCL”) informed that Keppel FELS Limited (“Keppel FELS”), a wholly-owned subsidiary of Keppel Offshore & Marine Ltd (“KOM”), has entered into a settlement agreement with a global oil and gas services co...
A Strategic Partnership for C-Job and Glosten
Two leading naval architecture firms, Glosten and C-Job Naval Architects, announce a strategic partnership to create more value for their respective clients. Executives from the two firms met recently at Glosten’s newly opened East Coast ...
Wärtsilä’s calling Smart Partner Campus members
Wärtsilä is building a Smart Technology Hub, a new centre of research, product development and manufacturing, in Vaasa, Finland, by the end of 2020. At the same time, a flexible smart marine and smart energy platform called Smart Partner Campus...
Algoma to received funds for canceled bulkers
A Canadian operator Algoma Central announced that it is to receive around $84.75m of refunds for four bulkers it had ordered and canceled at Uljanik shipyard of Croatia. According to TradeWinds and industry observers, one of the four ships had...
HHIC offices go under the hammer
Hanjin Heavy Industries & Construction’s (HHIC’s) Seoul and Busan office buildings went under the hammer. HHIC seems to want more than KRW200bn in total The industry says that HHIC recently appointed Deloitte Anjin and Cushman & Wa...
"Keywords for 2019: LNG, Technology, Regulation"
An industry analyst suggested three keywords for 2019 shipbuilding industry: LNG, New technology, and Tightening regulations. Park Moo-Hyun, a researcher at Korea's Hana Financial Investment, commented in his November 20 report that the change...
Tidewater/GulfMark merger completed
Tidewater Inc. (NYSE: TDW) (“Tidewater”) announced the successful completion of its business combination with GulfMark Offshore, Inc. (“GulfMark”). Tidewater and GulfMark stockholders overwhelmingly supported the business combination, ...
MAN Cryo to design and deliver LNG regasification terminal
MAN Energy Solutions has won the contract to design and deliver an LNG regasification terminal for the Forchem company in Rauma. Forchem, an innovative and industry-leading company producing chemical and Animal feed products from tall oil, has ch...
Philly laid off employees
Oslo-listed Philly Shipyard has recently announced that the US-based shipbuilder posted net loss of about $36m from the first to third quarters of 2018. Currently, there is only one containership on Philly's orderbook. The newbuild for H...
Japan made it official against Korea
Japan officially sued Korea at WTO claiming unfair government subsidies to the shipbuilding industry on November 13. Tokyo had revealed its intention for the dispute on November 6, arguing that Korea is violating WTO regulations. In its doc...
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