DSME transfers patented technology [Shipbuilding]
The Busan branch of the Korea Industrial Complex Corporation (KICOX) and Daewoo Shipbuilding & Marine Engineering are to have an agreement ceremony on May 18 at Flamingo Hotel, Busan Metropolitan City of Korea, for the transferring of patente...
2017-05-18 07:20:45
Choonang Ocean wins ship blocks from HHI [Equipment]
Choonang Ocean announced on May 29 that the Korean ship block manufacturer signed a contract with Hyundai Heavy Industries to supply ship blocks worth around KRW 841m (approximately $750,000).   The amount accounts for 4.73% of Choonang O...
2017-05-18 07:19:59
Busan to replace old government ships [Shipbuilding]
Busan Metropolitan City of Korea announced on May 15 that it set up and is pushing ahead with a plan to replace seven old government ships with LNG-fueled ships by 2023.  For the plan, the city has prompted the government to pay KRW 46.7b...
2017-05-18 07:17:56
"Energy exploration market weathers storm" [Offshore]
It has been suggested that energy explorers need to reduce costs for their oil and gas exploration activities until the oil prices show definite recovery trend although the global energy exploration market is turning the corner this year.  ...
2017-05-18 07:16:39
Sejin to supply LEG tanks for HMD [Equipment]
Sejin Heavy Industries announced through a regulatory filing on May 17 that the Korean shipbuilding equipment manufacturer won LEG tanks for four new ethylene carriers from Hyundai Mipo Dockyard at KRW 15.3bn (around $13.68m).   The 21,00...
2017-05-18 07:14:37
HHI·SHI win LNG patent suit against DSME [Shipbuilding]
Hyundai Heavy Industries and Samsung Heavy Industries has won a lawsuit against Daewoo Shipbuilding & Marine Engineering to invalidate the patent registration of partial reliquefaction system for LNG carrier, according to the Supreme Court of...
2017-05-18 07:13:58
Exploration enters phase of recovery [Offshore]
If the industry is out of the emergency room in 2017, it is not yet out of hospital. Even if oil prices recover further, explorers will need to focus on finding low cost oil and gas profitable to develop at $40 per barrel or less. Low cost oil wi...
2017-05-17 07:32:35
TMC nets another Hoegh FSRU deal [Equipment]
It turned out that Samsung Heavy Industries has awarded TMC Compressors (TMC) a contract to deliver a marine compressed air system to a floating storage and regasification unit (FSRU) the South Korean yard is building for Höegh LNG.   Und...
2017-05-17 07:29:22
Rolls-Royce to power new multipurpose vessel [Equipment]
The Norwegian Coastal Administration’s new multipurpose vessel OV Ryvingen will be its second to combine traditional diesel power with battery-driven operation. The battery pack that Rolls-Royce has been commissioned to equip the Ryvingen wi...
2017-05-17 07:27:40
LQT wins multiple GoM projects [Offshore]
LQT Industries, LLC, a service provider and construction company to the energy and industrial markets worldwide, announced on May 15 that it has been awarded multiple Gulf of Mexico projects including aluminum accommodation rental packages, const...
2017-05-17 07:25:45
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