SBM Offshore 1Q result posted
SBM Offshore posted its first quarter results on May 16. Bruno Chabas, CEO of SBM Offshore, commented: “SBM Offshore’s performance over the first quarter of 2019 has been on target and our guidance for the full year remains unchanged. O...
JERA-CPC buys Mozambique LNG
JERA Co., Inc. (“JERA”) and CPC Corporation, Taiwan (“CPC”) have jointly signed a Sale and Purchase Agreement (“SPA”) with Mozambique LNG1 Company Pte. Ltd., the jointly owned sales entity of the Mozambique Area 1 coventurers, to proc...
Talks held on sale of DSME
Regarding the sale of Daewoo Shipbuilding & Marine Engineering (DSME), during a face-to-face meeting with DSME labor union and civic group, which was held on Mat 15 at the office building of the Gyeongnam Provincial Government, Gyeongsangnam-...
DSME posted earnings surprise in Q1
Daewoo Shipbuilding & Marine Engineering (DSME) posted ‘earnings surprise’ in the first quarter. Samsung Securities researcher Han Yeong-su said that “DSME’s first quarter revenue reached KRW2.0721trn, and operating profit reached ...
DNV GL-NTU collaborate on 3D printing
DNV GL and Nanyang Technological University, Singapore (NTU Singapore) are supporting academic advances in additive manufacturing – the process of 3D printing – for the maritime, oil and gas and other industries, through a four-year research ...
Synergy wins Investment in People award
The Synergy Group’s commitment to safety at sea, seafarer welfare and female empowerment in the maritime workforce were recognised at the 2019 Seatrade Awards, hosted last week at London’s magnificent Guildhall. The Singapore-based shipman...
DSME turns to black for five consecutive quarters
Daewoo Shipbuilding & Marine Engineering (DSME) has gone into the black for five quarters in a row. The Korean shipbuilding heavyweight announced through a regulatory filing on May 15 that it posted revenue of KRW 2.0721trn (about $1.743bn...
Dae Sun has gain in 1Q
Dae Sun Shipbuilding & Engineering has posted operating profit of about KRW 1.8bn (approximately $151m) in the first quarter of 2019, turning a profit against loss of KRW 5.1bn seen in 1Q 2018. Last year, also, the Korean shipbuilder logged o...
IMO urges adoption of Hong Kong Convention
Ten years after the adoption of IMO’s Hong Kong Convention for the Safe and Environmentally Sound Recycling of Ships, in May 2009, there has been progress with voluntary application of its requirements, but the treaty needs to enter into force ...
Uljanik Shipyard goes into bankruptcy
Uljanik Shipyard of Croatia finally goes through a bankruptcy process. According to foreign media outlets including Reuters, a commercial court in the country decided to implement the bankruptcy proceedings of the ailing shipyard. It ...
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