General
Korea to investigate subcontracting trend
The Democratic Party, the Korean government and the Blue House had the '3rd Euljiro public welfare discussion' on May 10 at National Assembly Member's Office Bldg, Seoul, Korea, to agree to complete a survey on subcontractors of large-sized shipb...
2019-05-15 08:17:57
Fincantieri released positive Q1 results
The Board of Directors of FINCANTIERI S.p.A. ("Fincantieri" or the "Company"), chaired by Giampiero Massolo, has examined and approved the interim financial information at March 31, 2019. During the Board meeting Giuseppe Bono, Fincantieri's C...
2019-05-14 08:52:08
Kvaerner Q1 results looks good
The results for the first three months in 2019 is the 31st quarter in a row where Kvaerner delivers solid, positive results. Per 31 March, the revenues were NOK 2 158 million including joint ventures. The corresponding EBITDA was NOK 137 million,...
2019-05-14 08:44:34
MACN welcomes first P&I member
Britannia has become the first P&I Club to be accepted as a member of the Maritime Anti-Corruption Network (MACN). Established in 2011 by a group of maritime companies committed to eradicating the industry of all forms of corruption, MACN ...
2019-05-14 08:42:36
DSIC Offshore seeks new investor
DSIC Offshore, an offshore yard under CSIC-affiliated Dalian Shipbuilding Industry (DSIC), seeks for potential investor for its restructuring process.  The company has gone into restructuring due to its unpaid debts since the end of Janua...
2019-05-14 08:23:02
STX O&S' business results improved in 1Q
STX Offshore & Shipbuilding (STX O&S) saw a year-on-year upturn in its business results for the first quarter of 2019, with no new order awarded.  According to a quarterly report the Korean shipbuilder has recently released, STX O...
2019-05-14 08:21:35
KR authorized by government of Gabon
The Korean Register of Shipping (KR) has recently announced that it was commissioned by the International Ship Registry of Gabon to provide statutory vessel surveying and certification services on behalf of the Gabonese government.  With ...
2019-05-14 08:19:56
Siemens splits Gas and Power business
Siemens intends to meet its medium-term growth and profit targets by clearly focusing its portfolio on dynamic growth markets and efficiency gains. To this end, the Supervisory Board of Siemens AG today unanimously approved the next steps in the ...
2019-05-13 10:19:41
VDAB buys KONGSBERG dredging simulator
 VDAB, the Flemish Service for Employment and Vocational Training, has chosen a unique dredging simulator developed by KONGSBERG on its state-of-the-art K-Sim Navigation technology platform. Selected during a multi-million Euro public tender...
2019-05-13 08:35:46
200 Hyundai Electric workers to be transferred
Hyundai Heavy Industries' (HHI's) spun-off affiliate Hyundai Electric & Energy Systems carries out the turnover of its staff members, unable to overcome the current loss.  Hyundai Electric announced on May 9 that the Korean company ac...
2019-05-13 08:18:00
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