COSCO wins new offshore installation vessel [Offshore]
‘Orion’ will feature an unrivalled combination of exceptionally high transport and load capacity, impressive lifting heights and green technology. The vessel will be built at COSCO in China and is set to be delivered in 2019. ‘Orion’ w...
2017-03-08 07:14:01
MAN's online service chosen by Stena Line [Equipment]
MAN Diesel & Turbo announced on February 28 that it has recently signed a contract with Stena Line to provide its online service to two vessels. The ‘Stena Hollandica’ and ‘Stena Britannica’ are both conventional passenger-and-vehicle...
2017-03-08 07:11:57
Rolls-Royce to supply propulsion sets for USCG [Equipment]
Rolls-Royce announced on February 28 that it will provide an extensive range of equipment, including MTU marine generator sets, to a new fleet of U.S. Coast Guard Offshore Patrol Cutters (USCG OPC).   The Rolls-Royce equipment was selected...
2017-03-08 07:07:28
STX partner ForceTEC rehabilitation approved [Finance]
The bankruptcy department of Changwon District Court, Korea, has approved the  rehabilitation plan of ForceTEC, a partner company of STX Offshore & Shipbuilding. The court held a vote to approve a rehabilitation plan for the POSTECH s...
2017-03-08 07:07:03
KOMERI supports vendor registration [Equipment]
Korea Marine Equipment Research Institute (KOMERI)’s Ulsan Regional Headquarters will promote '2017 International Certification Acquisition and Vendor Registration Support Project for Domestic Marine Equipment'. This project is intended to s...
2017-03-08 07:06:39
Banks enhance watch at shipyards’ RG [Finance]
Korea’s commercial banks are reportedly determined not to issue an 'RG' if the shipbuilders use the advance payment received from shipowners for purposes other than construction of the vessel. According to the financial industry and sources,...
2017-03-08 07:06:10
"HHI likely to enjoy renaissance" [Shipbuilding]
A Korean industry expert has analyzed that Hyundai Heavy Industries Group is likely to make its way up once again by removing inefficiency in its management through business separation and so on.  Yoo Jae-Hoon, an analyst from NH Investme...
2017-03-08 07:05:47
Korea to hold seminar on Russian equipment market [Equipment]
'A seminar on breaking into Russian offshore equipment market', which is organized by the Korea Marine Equipment Research Institute (KOMERI) and Geyongnam Technopark, is scheduled for March 9 at Isquare Hotel, Gimhae City, South Gyeongsang Provin...
2017-03-08 07:05:17
DSME promotes 11 executives [People]
Daewoo Shipbuilding & Marine Engineering announced 11 executive promotions on March 7 after the Korean shipbuilding tycoon held it up at the end of 2016. Executive vice president Kim Jang-Jin has been promoted to vice president while three...
2017-03-08 07:04:47
DSME promotes 11 executives [General]
Daewoo Shipbuilding & Marine Engineering announced 11 executive promotions on March 7 after the Korean shipbuilding tycoon held it up at the end of 2016. Executive vice president Kim Jang-Jin has been promoted to vice president while three...
2017-03-08 07:04:25
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