Mubadala issues tender document for 'Pegaga' proje [Offshore]
It emerged that Mubadala Petroleum, an oil company of the United Arab Emirates (UAE), has recently issued tender documents for the engineering, procurement, construction, installation and commissioning (EPCIC) of 'Pegaga' offshore platform projec...
2017-04-25 07:25:58
Kiewit tipped to win Husky WREP [Offshore]
Kiewit Offshore Services of the US has emerged as the strongest candidate for the topside EPC package of the White Rose Extension Project (WREP) of Husky Energy. According to industry sources, Kiewit is likely to win the order, having beaten t...
2017-04-25 07:24:07
74% says "sales will decrease" [Shipbuilding]
About 74% of small and medium-sized shipbuilding related enterprises in Busan, Ulsan and Gyeongnam, the three shipbuilding areas in Korea, expect their sales this year to decrease compared to last year. The Gyeongnam Regional Headquarters of t...
2017-04-25 07:23:00
BC delivery delay serious in Japan and China [Shipbuilding]
As the limits of basic design ability of Chinese and Japanese shipbuilding become more and more clear, delays in the construction of bulk carriers are getting worse, while shipbuilders in Korea are increasing their bulker new orders.  Par...
2017-04-25 07:18:55
Korea seeks Indonesian buyers [Equipment]
Gyeongnam Provincial Government of Korea invites marine equipment companies for 2017 Maritime Sourcing Plaza in Indonesia which will be in operation for 6 days from July 24 to 29 in order to expand exports to Indonesia.  The Maritime Sour...
2017-04-25 07:17:39
DSME's PRS technology recognized in Japan [Equipment]
Daewoo Shipbuilding & Marine Engineering announced on April 24 that an objection which was filed by a Japanese company against 'LNG Carrier Partial Re-liquefaction System (PRS)' that the Korean shipbuilding heavy weight registered its patent ...
2017-04-25 07:17:03
Hyundai Mipo delays PCTC duo [Shipbuilding]
Hyundai Mipo Dockyard has postponed delivery of two PCTCs again at the request of the European shipowner, the Korean shipbuilder announced through a regulatory filing on April 21.   The new date is December 29, 2017, and the shipowner is u...
2017-04-25 07:16:12
Hyundai Samho's market value estimated high [Finance]
Hyundai Samho Heavy Industries has recently succeeded in raising KRW 300bn (approximately $265m) through pre-IPO.  The Korean shipbuilder announced on April 24 that it signed an agreement with IMM PE, a Korean top-tier private equity firm...
2017-04-25 07:15:05
Korea to block 'low price order' [Finance]
With the goal of blocking any attempt to place low price orders which have been considered as the main cause of recession in shipbuilding industry, the Marine Finance Center (MFC) of Korea is to assess the propriety of prices offered by its compa...
2017-04-25 07:14:15
New RG rule applied to DSME's new order [Finance]
A new rule will be applied to three very large crude carriers (VLCCs) Daewoo Shipbuilding & Marine Engineering has recently won to use 'counter guarantee' method for issuing refund guarantee (RG).  An official at the Korea Development...
2017-04-25 07:13:22
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