Doosan-KOGAS-Samjin develop LNG engine [Equipment]
Doosan Infracore works with Korea Gas Corporation and Samjin Yard to develop a liquefied natural gas (LNG) engine for small ships. Doosan Infracore announced on March 28 that it signed a Memorandum of Understanding (MoU) to cooperate with Kore...
2017-03-30 07:10:59
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
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