Inmarsat-Radio Holland made service agreement [Equipment]
Inmarsat announced on February 28 that it has signed a service and installation agreement with Radio Holland to support strong customer demand for rapid migration from Ku-based XpressLink to Fleet Xpress services. Radio Holland is an expert in in...
2017-03-03 07:13:24
Chevron takes Mad Dog 2 FID [Offshore]
The UK energy major BP announced last year that it made its final investment decision to proceed with the Mad Dog 2 project in the deep-water US Gulf of Mexico. Recently, its partner Chevron has also taken its FID for the project. According to...
2017-03-03 07:10:14
YZJ to carry out additional manpower reduction plan [Finance]
China's largest privately-run shipbuilding group Yangzijiang Shipbuilding (YZJ) plans to carry out its additional workforce restructuring plan this year.  Ren Yuanlin, Executive Chairman of YZJ, announced through an interview with a forei...
2017-03-03 07:09:21
Ra In Ho to deliver equipment to Russia [Equipment]
Ra In Ho, a Russian ship equipment provider, signed a contract with Hyundai Corporation for delivering the world's largest vessel transfer system (54,000 tons) at DVZ Zvezda OAO, Bolshoi Kamen, Russia, on February 28. On the day, Rainer Sinnre...
2017-03-03 07:08:35
Formal contract signed for 'HMM+K2' [Shipping]
Hyundai Merchant Marine (HMM) held a ceremony for the formal contract signing to form 'HMM+K2' consortium on February 28 in front of about 30 persons concerned the consortium including Yoo Chang-Keun, CEO of HMM, Jung Tae-Soon, CEO & Director...
2017-03-03 07:07:55
"Liquidation of SPP to be decided in June" [Finance]
Creditors of SPP Shipbuilding are supposed to hold consultations in June this year to make the final decision whether the corporation is liquidated. According to financial world, creditors of the Korean shipbuilder including Woori Bank plan to...
2017-03-03 07:06:48
Big3 designated as special support industry [General]
The Ministry of Employment and Labor of Korea held the first employment policy council this year on February 28.  At this meeting, the labor and management, related ministries and experts gathered to deliberate and decide on the plan for ...
2017-03-03 07:05:52
"SHI to win over $7bn orders this year" [Shipbuilding]
Analysts say Samsung Heavy Industries is more likely to win orders worth more than $7bn this year, as offshore projects that have been suspended or delayed over the past three years due to oil prices seem to be resumed with changed work scope. ...
2017-03-03 07:04:28
HHI to seek differentiation [Shipbuilding]
Hyundai Heavy Industries President Kang Hwan-Gu said, “We will reduce the debt ratio to less than 100% by allocating borrowings after the business split, and will pursue differentiation from the same industry. In this way, the company can survi...
2017-03-03 07:03:30
DSME clinches $880m NB deals [Shipbuilding]
Daewoo Shipbuilding & Marine Engineering announced on March 2 that the Korean shipbuilding heavy weight was awarded two 173,400 cbm LNG carriers by an European shipowner.  It turned out that the deal includes two additional options. I...
2017-03-02 10:54:43
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