KOTC having talks for ordering new ships [Shipbuilding]
While planning to order multiple new ships from the end of 2016, the Kuwait Oil Tanker Company (KOTC), a Kuwait's state-owned tanker operator, is said to have had the relevant talks with several shipbuilders in Korea, Japan and China.  Ac...
2017-03-28 07:23:43
"SHI to benefit from LNG momentum" [Offshore]
Samsung Heavy Industries is expected to benefit from LNG momentum this year.  Kim Hyun, a researcher at Meritz Securities, said on March 27, “Samsung Heavy Industries has made various efforts to improve management efficiency after 2015,...
2017-03-28 07:23:02
YZJ inks LNG-ready con-ro [Shipbuilding]
Yangzijiang Shipbuilding (YZJ), one of the largest privately-owned shipbuilders in China, has recently won a contract for an environmentally friendly LNG-ready Container / Ro-Ro vessel from the Bermuda Container Line (BCL). According to indust...
2017-03-28 07:21:57
Offshore rig operating rates rebound [Offshore]
It is noteworthy that the offshore drilling facility utilization rate has rebounded in four years in the wake of the ongoing drop in global oil prices, which led to the loss of orders for offshore facilities and the delayed delivery of existing...
2017-03-28 07:21:15
DSME to hold rally for debt adjustment [General]
Daewoo Shipbuilding & Marine Engineering announced on March 24 that the Korean shipbuilding heavy weight will hold a rally for corporate bond holders during April 17-18 at its Seoul office building, Namdaemun-ro, Jung-gu, Seoul of Korea, with...
2017-03-28 07:19:12
"HMD likely to get huge benefit" [Shipbuilding]
A Korean industry expert has recently forecasted that survivor would monopolize the Korean shipbuilding industry after the current restructuring process.  Seong Ki-Jong, a researcher at MiraeAsset Daewoo Securities, said, "If the current ...
2017-03-28 07:18:29
HHI to win $5.9bn orders in ship & offshore [Shipbuilding]
Hyundai Heavy Industries announced on March 24 that it expects to achieve an annual sale of $11.98bn in 2017. By business area, shipbuilding and offshore plant division are each forecast to win $4.3bn, and $1.6bn while industrial plant is expe...
2017-03-28 07:17:49
"DSME needs to be small but healthy shipbuilder" [Shipbuilding]
Jung Sung-Leep, CEO of Daewoo Shipbuilding & Marine Engineering, held a press conference on March 24 at Daewoo's Seoul office and conveyed, "We were sure that we will no longer accept any additional supports. Shamefully, however, we have brok...
2017-03-28 07:16:10
"Korean shipbuilding super cycle comes" [Shipbuilding]
It is predicted that Korean shipbuilding industry will enter its third historic super cycle this year. “The shipbuilding industry peaked in the first and second super-cycles in 1973 and 2007, respectively,” said Kim Hong-Gyun, a researcher...
2017-03-28 07:15:17
Statoil sends Castberg FPSO ITB [Offshore]
Statoil, a Norwegian energy company, has sent an invitation to bid (ITB) on the FPSO phase 1 project for the development of the Johan Castberg oil field in the Barents Sea.   According to the industry players, Statoil sent ITB on March 24 ...
2017-03-28 07:14:09
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