DNV GL: Investment in inspection too low
New research from DNV GL, the technical advisor to the oil and gas industry, reveals that 46% of senior professionals in the sector believe there has been underinvestment in inspection and maintenance of infrastructure and equipment in recent yea...
HHI signaling a markup
A market analyst predicted an additional ship price markup by Hyundai Heavy Industries (HHI), who has enough orders to keep it busy for next two years even with its poor Q1 result. Lee Kyung-ja, an analyst with Korea Investment & Securit...
Korea signs ODA with Vietnamese maritime industry
The Korea Marine Equipment Research Institute (KOMERI) singed ODA (Official Development Assistance) agreement with Vietnam Shipbuilding Industry Association in cooperation with the Korea Offshore & Shipbuilding Engineering Cooperative (KOSEC)...
DNV GL appoints Chief Digital Transformation Officer
DNV GL announced on May 2 that Klas Bendrik will join DNV GL as Chief Digital Transformation Officer to support DNV GL’s digitalization and IT strategy. Starting on 1 September 2018, Bendrik will be based at the DNV GL headquarters in Høvik, N...
CIMC buys Zhoushan Changhong stakes
China International Marine Containers (CIMC) is pursuing a deep cooperation with Zhoushan Changhong International Shipyard for shipbuilding business. To achieve such a goal, CIMC Qianhai Financial Leasing, CIMC’s financing arm is buying majo...
HHI saw decrease in 1Q loss
Hyundai Heavy Industries (HHI) announced in a regulatory filing on May 3 that it posted a revenue of KRW 3.0425trn (around $2.8bn) in the three months that ended on March 31, down by 12.8% over the previous quarter, resulting from a decrease in o...
Game engine inspires naval architecture
Korean IT pioneer T.I.M Solution is participating in Unite Seoul 2018, which is held at COEX from May 2 to 4. T.I.M Solution is launching Real-Visor, its real-time 3D progress management solution at the scene, and giving a presentation on the ...
KR starts ISO 22301 certification
The Korean Register of Shipping (KR) started its ISO 22301 certification service by granting the certification to STX Marine Service on April 26. ISO 22301 specifies requirements to plan, establish, implement, operate, monitor, review, maintai...
N and S Korea restart shipbuilding complex project?
South Korean President Moon Jae-In shared his vision for an inter-Korean economic cooperation with North Korean leader Kim Jong-Un on April 27. With this, some changes are expected in South Korea's 'New Northern Policy' which aims to reinforce ec...
JGC-COOEC agree on co-op
JGC Corporation announced recently that it has reached an agreement for co-operation relating to projects that adopt the module method and concluded the five-year “Strategic Co-operation Agreement” with Offshore Oil Engineering Co., Ltd. (her...
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