Korean large shipyards under fire investigation [General]
The Fire Department of Gyeongnam Province of Korea conducts a special investigation of firefighting at eight large shipyard workplaces in Gyeongnam area where fire damage is concerned. The fire department said that the ships that was being bui...
2017-05-26 07:13:56
Hyundai Construction Equipment aims at 'top 5' [General]
Hyundai Construction Equipment, which was spun off from Hyundai Heavy Industries last month, has recently declared its willingness to become a global top five construction machinery expert. The Korean company had a brand launching ceremony to ...
2017-05-26 07:13:05
EM Korea develops OBIGGS [Equipment]
Energy & Machinery Korea (EM Korea) announced on May 24 that the Korean machinery manufacturer has finished the development of on-board inert gas generation system (OBIGGS) for airplane and ship in about four years and is preparing for the co...
2017-05-26 07:11:41
Discussion held on LNG-fuelled ship [General]
With the newly established Moon administration, which promised reconstruction of the shipbuilding industry as a presidential pledge, a joint industry-academia forum for exploring alternatives to strengthen the competitiveness of the Korean shipbu...
2017-05-26 07:10:49
KOTC opens tender for VLCC·VLGC [Shipbuilding]
It emerged that the Kuwait Oil Tanker Company (KOTC), which had planned to order multiple new ships since the end of 2016, has recently opened a bid for new tanker and gas carrier worth $370m in total. According to TradeWinds and industrial so...
2017-05-26 07:06:22
Bids for offshore facilities opened consecutively [Offshore]
While the international oil price is reaching a $50 per barrel level now, offshore oil·gas development projects are resumed one after the other throughout the world.  It turned out that tenders for each project phase such as ▲FEED (Fro...
2017-05-26 07:05:09
VLCC price climbed in three years [Shipbuilding]
The price of new very large crude carrier (VLCC) has increased for the first time in about three years.  According to Clarkson Research, the guideline price of new VLCC reaches $80.50m apiece as of May 19, up by $500,000 against the previ...
2017-05-26 07:04:14
DSME to adjust debt quickly [Finance]
Daewoo Shipbuilding & Marine Engineering, which passed a debt adjustment plan at the meeting of private banks and bondholders last month, is having a trouble as one investor is making a re-complaint. The investor made a re-appeal at the Su...
2017-05-26 07:03:19
Statoil spurs digitalization [General]
Statoil announced on May 22 that the company is establishing a digital centre of excellence and launching a roadmap with seven specific programmes for digitalisation in the company towards 2020. Digitalisation will help improve the safety, securi...
2017-05-25 07:35:43
Nauta starts to build new fishing vessel [Shipbuilding]
It emerged that Shiprepair Yard has begun construction of new vessel. Within the order from Norwegian client – Havyard Ship Technology – Nauta will produce fishing vessel. After successful completion of the first order – Nauta continous ...
2017-05-25 07:33:31
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