DSME creditors accept bailout plan [Finance]
Amid the bondholder’s meeting to be held five times from April 17 to 18 to decide if Daewoo Shipbuilding & Marine engineering will be placed under the P-Plan, near unanimous approval was obtained for a debt-to-equity swap plan on April 17. ...
2017-04-18 07:06:47
"Too early to expect LNGC order spree" [Shipbuilding]
As the Trump administration of the US announces its plan to raise LNG production and exports actively, there have been forecasts for increasing LNG carrier and LNG plant orders in the market. However, a Korean industry expert have recently sugges...
2017-04-18 07:04:31
Big3 to record 'recession trade surplus' in 1Q [Finance]
Amid Korean big 3 shipbuilders, Hyundai Heavy Industries, Samsung Heavy Industries and Daewoo Shipbuilding & Marine Engineering, expected to release their 1Q financial results from the next week, it is forecast that sales will drop sharply wh...
2017-04-18 07:03:42
MES gets AIP for its FPSO hull [Offshore]
It turned out that next generation design for a FPSO Hull Platform – the “Mitsui noah-FPSO Hull” – has been granted an Approval in Principle (AIP) by Bureau Veritas. Mitsui Engineering & Shipbuilding Co., Ltd. (“MES”) has obtai...
2017-04-17 07:42:16
DONG Energy wins offshore wind projects [Offshore]
​In the first of two German auction rounds, on April 13, the Bundesnetzagentur awarded DONG Energy the right to build three offshore wind projects in the German North Sea. DONG Energy submitted six projects in the bid and won with the follow...
2017-04-17 07:39:15
Wartsila-CHI's new concept attains AIP [Shipbuilding]
The technology group Wärtsilä and COSCO shipping Heavy Industry Co (CHI) have recently announced the joint development of a natural gas operating fleet concept, and this design has now obtained Lloyd’s Register’s (LR) Approval in Principl...
2017-04-17 07:34:55
Rolls-Royce selects new Chief Technology Officer [General]
Rolls-Royce announced on April 13 that Paul Stein has been appointed as Chief Technology Officer, reporting to Chief Executive Warren East. In his new role, Paul will be accountable for Rolls-Royce’s technology investment and for ensuring it...
2017-04-17 07:30:35
WinGD to propel gas-fuelled tanker [Equipment]
Extending the benefits of its dual-fuel technology beyond LNG carriers with a world premiere, Winterthur Gas & Diesel (WinGD) has recently announced that its low-speed dual-fuel engines with X-DF low-pressure gas admission will propel the fir...
2017-04-17 07:28:21
Dongsung to build passenger ship and car ferry [Shipbuilding]
Dongsung Shipbuilding, Pohang, Korea, has signed an MOU with Bougainville, a self-governing province of Papua New Guinea, for newbuilding on April 12.  The MOU is made for Bougainville which will become independent in 2018 to receive need...
2017-04-17 07:19:27
DSIC wins VLCC trio for oil imports [Shipbuilding]
Dalian Shipbuilding Industry (DSIC) of China has recently won three 310,000 dwt very large crude carriers (VLCCs) from its compatriot operator. After attaining a license for oil imports from its compatriot government at the end of 2016, accord...
2017-04-17 07:14:25
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