Chevron eyes pre-FEED works [Offshore]
In the pre-front-end engineering and design for the Anchor & Tigris offshore oilfield development project of Chevron, the Wood Group is likely to win the order beating KBR, EDG, Audubon and WorleyParsons. According to industry sources, the...
2017-03-22 07:12:51
LNG-fuelled industry seminar [General]
A seminar on the creation of new industries through the construction of a LNG-fuelled vessel operating system was held to discuss ways to foster LNG industry in response to strengthening of international marine environment regulations. The Kor...
2017-03-22 07:12:14
Busan fully support equipment exports [Equipment]
Busan Metropolitan City starts to provide full supports for overseas export of local shipbuilding equipment companies suffering from the global shipbuilding recession. First, Busan will host the “2017 Maritime Sourcing Plaza”, an export co...
2017-03-22 07:11:11
An Indian caught stealing offshore technology [General]
Seoul Western District Prosecutor's Office of Korea announced on March 20 that Mr. A, a 49-year-old Indian, was arrested on charges of trying to sell Korean technology of offshore facility to overseas buyers.  Mr. A who is now under sus...
2017-03-22 07:10:24
Husky resumes WHP procurement [Offshore]
A purchase order for platform for the White Rose Extension Project (WREP) has been resumed and the final investment decision (FID) is expected to be made as early as in the first half of this year. According to foreign press and industry, the ...
2017-03-22 07:08:02
POSCO receives certification for ultra thick plate [Equipment]
POSCO’s Pohang Steelworks has succeeded in localizing the ultra thick plate for the engine structure of large ships and opened a new chapter in the ultra thick steel plate market that has been dependent on imports for the time being. POSCO r...
2017-03-22 07:07:15
"Additional supports for DSME considered" [Finance]
While the Korean government is supposed to hold a ministerial meeting on 'the enhancement of industry competitiveness' on March 23 to confirm liquidity support plan for Daewoo Shipbuilding & Marine Engineering, Lim Jong-Ryong, chairman of the...
2017-03-22 07:05:57
"Time for top owners to place MR tanker order" [Shipping]
A Korean industry expert has recently analyzed that it is time for the first-tier shipowners to increase their MR tanker orders again because tonnage supply is moving ever more deeply into the realm of shortages while freight rate and ship price ...
2017-03-22 07:05:16
STX snares package deal for 114K tankers [Equipment]
STX Heavy Industries was awarded high-pressure selective catalytic reduction (HP-SCR) system and 2-stroke main propulsion diesel engine as a package on March 20.  The package will be installed in 114K crude oil tankers which will be built...
2017-03-22 07:03:43
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