TechnipFMC nets subsea constructino deal [Offshore]
TechnipFMC announced on March 27 that it has been awarded a contract by Shell Offshore Inc., a subsidiary of Royal Dutch Shell PLC (Shell), for the delivery, integration, and installation of the subsea production system (SPS) and subsea riser, ju...
2017-03-29 07:27:24
Damen completes works in special vessels [Shipbuilding]
It turned out that Damen Shiprepair & Conversion (DSC) has recently completed works in Vlissingen and Brest on two major vessels in the fleet of dredging and marine construction expert Jan de Nul Group.  One of these is the Vole au ve...
2017-03-29 07:24:41
MacGregor sets up new training academy [General]
MacGregor, part of Cargotec, announced on March 27 that it has recently opened a new facility in Arendal, Norway, which houses a training academy for customers. It specializes in advanced simulation training and has a purpose-built virtual realit...
2017-03-29 07:18:22
"PC tanker demand to further increase" [Shipbuilding]
The low oil price due to the oversupply of oil is calling for the era of PC tankers that the demand for the tankers will be higher in the future, an analysis suggested. Park Moo-Hyun, an analyst at Hana Financial investment, said, "The oversup...
2017-03-29 07:16:10
An Indian arrested and charged with stealing technology [General]
An Indian engineer who leaked Korea's offshore plant technologies including FPSO design without permission has been committed for trial. Seoul Western District Prosecutor's Office of Korea announced on March 27 that Mr. A, a 49-year-old Indian...
2017-03-29 07:15:19
Japanese traders to resume financing? [Finance]
Japanese traders are showing signs of resuming commercial ship financing, which provides loans to shipowners, including domestic and overseas shipowners. According to local media and industry sources in Japan, trading companies' investment pro...
2017-03-29 07:14:23
DSME union suggests four-party consultation [General]
The labor union of Daewoo Shipbuilding & Marine Engineering has proposed to discuss the so-called "pain sharing" plan, involving wage cuts, in a four-party body in which the union, management, government, and creditors participate. The uni...
2017-03-29 07:13:00
HHI labor union asks UCCI to do more [General]
Baek Hyung-Rok, the head of the labor union of Hyundai Heavy Industries, visited the Ulsan Chamber of Commerce and Industry (UCCI) on March 24 and asked to do more for the development of shipbuilding industry. Baek met Chun Young-Do, Chairman ...
2017-03-29 07:12:12
KOGAS makes cooperation with CHN·JPN [General]
The Korea Gas Corporation (KOGAS) signed a memorandum of understanding (MOU) with China and Japan for cooperation in the LNG business. KOGAS announced on March 23 that it inked 'MOU for cooperation in the LNG business' with CNOOC Gas and Power...
2017-03-29 07:10:33
DSME delivers world's first ice-breaking LNGC [Photo News]
Daewoo Shipbuilding & Marine Engineering announced on March 28 that it delivered the world's first ice-breaking LNG carrier. With dimensions of 299m in length and 50m in width, the 'ARC-7' vessel is capable of carrying LNG of 173,600 cbm a...
2017-03-29 07:09:08
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