Polaris, "Searching for crew of cargo ship" [General]
Polaris Shipping said on April 4 that it had been closely working with the Ministry of Foreign Affairs, the Ministry of Oceans and Fisheries of Korea, the Korea Coast Guard and the governments of Uruguay, Brazil, the Republic of South Africa to &...
2017-04-05 07:10:26
Ulsan promotes presidential pledge project [General]
Ulsan City of Korea is promoting the establishment of the Korea Shipbuilding & Offshore Plant Research Institute as a 19th Presidential pledge project to re-establish itself as a shipbuilding powerhouse. The city announced on April 2 that ...
2017-04-05 07:09:41
KAMCO starts sale and lease back support [Finance]
KAMCO (Korea Asset Management Corporation) has announced that it has acquired a marine equipment factory located in the industrial complex of Busan Metropolitan City through 'Sale and Leaseback' program for the first time. On April 4, KAMCO an...
2017-04-05 07:09:04
Agreement reached over Sungdong's site sale [General]
Sungdong Shipbuilding & Marine Engineering's Tongyeong shipyard site has recetnly been sold to Hyundai Development Company. According to industry, the creditor group of Sungdong, which includes the Export-Import Bank of Korea (Korea Eximba...
2017-04-05 07:08:17
Sevan nets FEED deal for cylindrical FLNG [Offshore]
Sevan Marine ASA, a Norway-based company engaged in the provision of products and solutions to the offshore industry, turns out to have secured a front-end engineering and design (FEED) contract from ExxonMobil for cylindrical hull for a FLNG dev...
2017-04-05 07:06:58
Korea wins 22 NBs in 1Q [Shipbuilding]
A total of 22 orders of a combined 890,000 cgt have been reported placed at Korean shipbuilders from January to March this year, up more than four times against a year ago. However, there are overriding opinions that the increase is seemingly sig...
2017-04-05 07:05:37
Petronas·DSME make new FLNG history [Offshore]
Malaysia's national oil company Petronas is carrying out the debut shipment of LNG cargoes which were produced by a floating LNG production facility (FLNG) for the first time in the world.   According to foreign press and industry, 'PFLNG...
2017-04-05 07:04:48
YZJ won 13 NBs in 1Q [Shipbuilding]
Yangzijiang Shipbuilding (Holdings) Group (YZJ), one of the largest privately-owned shipbuilders in China, recorded a total of 13 newbuildings worth about $318m contracted in 1Q this year. According to YZJ's recent filing at SGX, the company r...
2017-04-05 07:03:48
DSME bags VLCC trio order [Shipbuilding]
Daewoo Shipbuilding & Marine Engineering has won three Very Large Crude oil Carriers (VLCCs), confirming the trust of shipowners. The Korean shipbuilder announced on April 4 that it was awarded a contract to build three 318,000dwt VLCCs ...
2017-04-04 09:43:49
MHI forms alliances with domestic shipbuilders [Shipbuilding]
Mitsubishi Heavy Industries, Ltd. (MHI) announced on March 31 that it has reached basic agreements with Imabari Shipbuilding Co., Ltd. and Namura Shipbuilding Co., Ltd. in the wake of ongoing discussions focused on forming alliances in the commer...
2017-04-04 07:47:27
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