JES issues shares to pay off debt [Finance]
Singapore-listed JES International Holdings issues shares to its controlling stakeholder in an effort to pay down outstanding loans. JES announced on May 19 that it will pay off debt owed to key stakeholder via share issue as its Chinese shipy...
2017-05-24 07:08:45
Unfair practices prevalent in shipbuilding [Equipment]
At least one of the 10 small and medum enterprises in Korea that deliver products to large corporations is still suffering from the so-called "power trip", which is unfairly imposed on supply prices. Among them, the damage of shipbuilding partner...
2017-05-24 07:07:55
Trans Gas-DSME sign MOU for LNG fuel [Equipment]
Trans Gas Solution, a Korean company specializing in the development of LNG-fuelled vessels and LNG bunkering technology, has signed an MOU for patented technology transfer with Daewoo Shipbuilding & Marine Engineering. The agreement was s...
2017-05-24 07:07:13
PetroVietnam opens large-scale bid [Offshore]
Phu Quoc Petroleum Operating Company, an affiliate of Vietnam's state-owned oil and gas exploration and production firm PetroVietnam, turns out to have initiated large-scale orders for offshore facilities. According to and industrial sources a...
2017-05-24 07:06:27
China NB orders fall 52% Jan-Apr [Shipbuilding]
Newbuilding orders awarded at Chinese shipbuilding industry in January - April 2017 fell by 52% year-on-year to 6.65m dwt. According to CANSI data, newbuilding delivery of Chinese shipyards during the four months period increased by 72% to 18....
2017-05-24 07:04:56
DSME sure for its LNG technical superiority [Shipbuilding]
Daewoo Shipbuilding & Marine Engineering has recently announced that its two patents related to 'LNG Carrier Partial Re-liquefaction System (PRS)' were denied by the Supreme Court of Korea.  Daewoo explained that the two patents are n...
2017-05-24 07:03:53
"NB orders expected to climb more in 2H" [Shipbuilding]
A Korean industry expert has recently forecasted that the strengthening won will continue even in the second half of 2017 and the price of stock in shipbuilding industry will show a steady upturn.  Park Moo-Hyun, a researcher at Hana Fina...
2017-05-24 07:03:09
Blueye Robotics develops underwater drone [Equipment]
The Blueye Pioneer underwater drone has been developed by Trondheim-based technology firm Blueye Robotics, a company which has sprung out from the Norwegian University of Science and Technology's Centre for Autonomous Marine Operations and System...
2017-05-23 07:33:26
COM-AOME to form joint venture [General]
The Board of Directors of Pacific Radiance Ltd. (the “Company”) announced that on May 19, its wholly owned subsidiary, Crest Offshore Marine Pte. Ltd. (“COM”) has entered into a Joint Venture Agreement (the “JV Agreement”) with Allian...
2017-05-23 07:31:30
PTMS placed under suspension of debt payment plan [Finance]
The Board of Directors of Marco Polo Marine Ltd (the “Company”) wishes to inform Shareholders that the Company’s subsidiary, PT Marcopolo Shipyard (“PTMS”), has filed an application to place itself under a Penundaan Kewajiban Pembayaran...
2017-05-23 07:28:11
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