"HHI's profitability recovered despite falling sales" [Shipbuilding]
It has been suggested that a decrease in Hyundai Heavy Industries' revenue does not mean a thing because sales in shipbuilding industry is recognized based on construction progress for cost input. Park Moo-Hyun, a researcher at Hana Financial ...
2017-05-19 07:04:15
Korea builds LNG bunkering infrastructure [Shipbuilding]
The Ministry of Oceans and Fisheries of Korea has commenced a research project to build a main LNG bunkering infrastructure in Korea in preparation for the expansion of the supply of liquefied natural gas (LNG)-fuelled vessels. The Ministry of...
2017-05-19 07:03:09
Wood Group awarded decommissioning [Offshore]
Wood Group has been awarded a contract to support Shell in the decommissioning of their Brent Bravo platform in the North Sea. Effective immediately, Wood Group will prepare the platform for removal via single lift methodology. This includes c...
2017-05-18 07:26:53
NPCC wins major Aramco contract for 4 offshore platforms and... [Offshore]
The National Petroleum Construction Company (NPCC) has won a major contract from Saudi oil giant Aramco, marking the latest step in a streak of successes for the Abu Dhabi-based EPC contractor in Saudi Arabia. NPCC is to supply four offshore p...
2017-05-18 07:26:14
OOCL Hong Kong Christened at SHI [Shipbuilding]
OOCL proudly announced the naming of our latest containership, the OOCL Hong Kong, at a christening ceremony held at the Samsung Heavy Industries (SHI) shipyard on Geoje Island today.  The OOCL Hong Kong was also celebrated as one of the lar...
2017-05-18 07:25:41
MAN gas injection ethane engine passes onboard trials [Equipment]
Positive operational performance expands MAN B&W alternative fuel possibilities The world’s first ME-GIE (-Gas Injection Ethane) two-stroke engine has successfully passed gas trials on board the ‘Gaschem Beluga’, an LEG (liquefied et...
2017-05-18 07:25:12
Rolls-Royce to supply MT30 Gas Turbines to Korea Navy [Equipment]
Rolls-Royce has won a contract to supply MT30 marine gas turbines to power the next three ships in the Republic of Korea Navy’s Daegu-class frigate programme. Eight Daegu-class frigates (also known as FFX Batch 2) are scheduled to be built. ...
2017-05-18 07:24:30
Inmarsat confirms successful launch of the fourth Global Xpr... [Equipment]
Inmarsat, the world’s leading provider of global mobile satellite communications, has confirmed the successful launch of the fourth, high-speed broadband communications satellite in its transformational Global Xpress (GX) constellation. Inma...
2017-05-18 07:23:37
Shell Marine continues sharing technologies [Offshore]
Shell Marine has renewed its technical partnership for a further four years with the University of Cebu - Maritime Education and Training Center (UC METC).   At the signing of the new Memorandum of Understanding (MoU) were Shell Marine Ex...
2017-05-18 07:22:47
Namura records huge net loss in FY 2016 [Finance]
Namura Shipbuilding turns out to have posted operating loss of around JPY 11.3bn (approximately $100m) for 2016 fiscal year (April, 2016 - March, 2017).   The Japanese shipbuilder also recorded operating loss of JPY 9.3bn and net loss of ...
2017-05-18 07:21:22
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