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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