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
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