Scorpio takes over Navig8 Product Tankers [Shipping]
Scorpio Tankers Inc. announced on May 23 that it has entered into definitive agreements to merge with Navig8 Product Tankers Inc. and acquire Navig8’s 27 operating product tankers (the “Merger”).  Subject to the terms and conditions...
2017-05-25 07:32:03
Keppel bags additional dredger duo [Shipbuilding]
Keppel Offshore & Marine (Keppel O&M) announced on May 23 that its wholly-owned subsidiary Keppel Singmarine Pte Ltd (Keppel Singmarine) has secured contracts from Codralux S.A., a wholly-owned subsidiary of Jan De Nul Group, to build two...
2017-05-25 07:29:40
World Fuel Services heads to Nor-Shipping [General]
Showcasing at Nor-Shipping for the first time; global fuel logistics, transaction management and payment processing company, World Fuel Services (WFS) will highlight its robust offering for the first time at Nor-Shipping from May 30 - June 2, 201...
2017-05-25 07:28:14
'DNV GL COMPIT Award' winner announced [General]
It turned out that Marco Bibuli was announced as the winner of the DNV GL COMPIT Award 2017, which took place in Cardiff this year. The Italian maritime robotics expert, working at the Italian research centre CNR-ISSIA in Genoa, was honoured for ...
2017-05-25 07:26:26
Coldharbour-Hansun ink distribution deal [Equipment]
Coldharbour Marine, developer of a unique in-tank, in-voyage and inert gas-based ballast water treatment system for large tankers, bulkers and LNG vessels, conveyed on May 23 that the company has signed an agreement with Hansun (Shanghai) Marine ...
2017-05-25 07:22:40
"Needs for replacing old Korean vessels" [Shipbuilding]
Mok Ik-Soo, President & CEO at the Korea Ship Safety Technology Authority (KST), conveyed that the modernization of old ships in Korea can result in employment growth in shipping, shipbuilding and fishing industries, as well as stopping the...
2017-05-25 07:18:06
Korea approves M&A of STX Heavy Industries [Finance]
STX Heavy Industries, which is STX Offshore & Shipbuilding's partner company and acquisition (M&A) plan has obtained approval from the Seoul Bankruptcy Court, with Samjong KPMG chosen as an underwriter. STX applied for court receiversh...
2017-05-25 07:16:57
Booming German shipyards face challenge [Shipbuilding]
German shipbuilding industry is having a record numbers of new orders for commercial ships but turns out to be suffering from global shipbuilding recession and increasing protectionism. According to German shipyard association VSM, German ship...
2017-05-25 07:15:28
"Korean shipyards to show differential growth" [Shipbuilding]
The Korean shipbuilding industry's share price continues to rise as the tanker orders increase due to low oil prices. Park Moo-Hyun, an analyst at Hana Financial Investment, said, "As the tanker is the main product of the Korean shipbuilding i...
2017-05-25 07:14:22
Korea discusses how to overcome shipbuilding crisis [General]
Korean independent lawmaker Kim Jong-Hoon held a debate on 'overcoming crisis and job creation in Korean shipbuilding industry through the 4th industrial revolution' on May 19 jointly with the Ulsan Chamber of Commerce and Industry (UCCI).  ...
2017-05-25 07:13:28
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