Ulsan to advance key local industries
Ulsan Metropolitan City of Korea announced on December 13 that the city plans to spend KRW 78.1bn (approximately $71.6m) of the next year's budget on the advancement project of its three core industries such as automobile, shipbuilding and petroc...
LR released Zero Emission Vessels 2030 study
LR and University Maritime Advisory Services (UMAS) have released ‘Zero Emission Vessels 2030’, a new study that aims to demonstrate the viability of zero emission vessels (ZEVs) on December 11, identifying what needs to be in place to make t...
[Exclusive Interview] Inmarsat VP, Stein A. Oro
"Inmarsat portfolio is ever-evolving" “There is a wide consensus on the significance of cybersecurity in the industry. This is the responsibility of the whole community, not one particular player.” Stein A. Oro, VP sales of Inmarsat, sa...
Marlink and Radio Holland strengthen partnership
Marlink recently announced that it has acquired Radio Holland’s connectivity business to further strengthen its global leadership in maritime VSAT while Radio Holland will focus on its core business, providing efficient NavCom, ICT and maintena...
DSME proves its innocence
After a 4-year legal battle, Daewoo Shipbuilding & Marine Engineering (DSME) has purged itself of suspicion of cheapening the price for a subcontract wrongly by over KRW 40bn (approximately $36.62m) and will receive about KRW 30bn, a fine iss...
SHI & KOGAS embroiled in legal battle
A blame game between Samsung Heavy Industries (SHI) and Korea Gas Corporation (KOGAS) for a delay in localizing LNG carrier containment technology has led to a lawsuit. SHI launched a case against KOGAS last October, seeking a KRW 10bn (approx...
Wärtsilä Electrical and Automation JV now fully operationa
The technology group Wärtsilä announced on December 6 that it has announced the opening of CSSC Wartsila Electrical & Automation (Shanghai) Co. Ltd.(CWE&A), the joint venture company with China State Shipbuilding Corporation (CSSC). The...
"SHI faces limit on strategies"
Regarding Samsung Heavy Industries' recent announcement regarding the prospect of losses and a plan to increase its capital by KRW 1.5trn (approximately $1.37bn), a Korean industrial expert commented, "Such a result has been driven by Samsung's e...
ASEF gains consultative status from IMO
The Active Shipbuilding Experts' Federation (ASEF) gained consultative status in the 30th Session of the International Maritime Organization's (IMO's) General Assembly on December 6. With this, ASEF has had rights to submit agenda document and sp...
Korea-Indonesia shares maritime expertise
Busan Metropolitan City and The Offshore & Shipbuilding Engineering Cooperative of Korea (KOSEC) is holding ‘Korea-Indonesia maritime technology exchange’ on December 7 at Jakarta, Indonesia. The exchange is in line with Korean governm...
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