KRISO starts research on AI underwater robot [Offshore]
The Korea Research Institute of Ships & Ocean Engineering (KRISO) has recently announced that it signed a memorandum of understanding (MOU) with AIBrain for the development of artificial intelligence (AI) underwater robot on March 28 with a v...
2017-03-30 07:10:11
Sanoyas to strengthen offshore business [Offshore]
Sanoyas Holdings Corporation announced its reorganization plan, which is supposed to be carried out as of April 1, on March 27.  With the goal of strengthening offshore business which covers special vessel and hoist vessel, its Sanoyas Sh...
2017-03-30 07:08:14
DSME receives qualified opinion [Finance]
Daewoo Shipbuilding & Marine Engineering announced through a regulatory filing on March 29 that Samil PricewaterhouseCoopers, the shipbuilder's accounting firm, expressed 'qualified opinion' on its financial statements for 2016. Regardless...
2017-03-30 07:07:11
DSME CEO pleaded for sharing pains [Shipbuilding]
Through the company's internal broadcasting on March 29, Jung Sung-Leep, CEO of Daewoo Shipbuilding & Marine Engineering, appealed to executives or employees to share pains and conveyed that he will return his wages by 100%.  Jung sai...
2017-03-30 07:05:33
HHIC-Phil to increase capital by issuing new stocks [Finance]
Hanjin Heavy Industries & Construction has recently announced through a regulatory filing that its Subic shipyard (HHIC-Phil) in the Philippines will increase capital of KRW 246.4bn (approximately $220m) by issuing new stocks with a view to r...
2017-03-30 07:04:51
Aberdeen to open campus in Korea [General]
Scotland's University of Aberdeen is set to open its campus in Korea in September this year. Gyeongnam Province and Hadong County of Korea said on March 28, "We visited the UK from March 15 and 19 and agreed on the opening of the University of...
2017-03-30 07:03:57
ABB to power and remotely monitor FSRU [Offshore]
ABB announced on March 27 that it will supply the power and electric propulsion system to a new Floating Storage and Regasification Unit (FSRU) for BW Group, which will also be remotely connected to ABB’s Collaborative Operations Centers.  ...
2017-03-29 07:38:18
New investments on Norwegian continental shelf [Offshore]
New technology and project improvements trigger new investments on the Njord and Bauge fields in the Norwegian Sea. Statoil, on behalf of the partnerships in the licences, today submits the plans for the development projects to the Norwegian mini...
2017-03-29 07:36:07
Rolls-Royce & TCOMS to develop smart ships jointly [Shipbuilding]
It emerged that Rolls-Royce and the Technology Centre for Offshore and Marine, Singapore (TCOMS) have recently signed a Memorandum of Understanding to form a strategic partnership to develop smart ship technologies. The partners will work on w...
2017-03-29 07:32:51
Wartsila partners to show new LNG transfer concept [Offshore]
Wärtsilä, Houlder and Trelleborg to introduce new small to mid-scale LNG distribution infrastructure concept at Gastech 2017. The technology group Wärtsilä has partnered with marine design consultancy Houlder and hose supplier Trelleborg i...
2017-03-29 07:29:45
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