"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
HHIC takes over its affiliate [General]
Hanjin Heavy Industries and Construction (HHIC) announced on May 23 that the Korean shipbuilder has decided to take over its affiliate HHIC-TMS. HHIC explained, "The decision has been made with the goal of raising price competitiveness through...
2017-05-25 07:12:41
Bid opened for Rembrandt-Vermeer FEED [Offshore]
It emerged that five companies are competing in a tender for front-end engineering and design (FEED) works for Rembrandt-Vermeer oil project off the Netherlands, which is opened this month by Wintershall, the largest oil·gas producer in Germany....
2017-05-25 07:11:59
DSME's debt readjustment postponed [Finance]
Daewoo Shipbuilding & Marine Engineering's debt readjustment plan that was passed by overwhelming votes in meetings of bond holders last month, has been put off because of re-appeal made by one investor in the corporate bond of the indebted K...
2017-05-25 07:11:07
GE finishes HAZID on LNG-fueled ferry [Shipbuilding]
GE’s Marine Solutions announced on May 23 that the world’s first Liquid Propane Gas (LPG)-fueled ferry design to use GE’s COmbined Gas turbine Electric and Steam (COGES) system has successfully completed Hazard Identification (HAZID) meetin...
2017-05-25 07:09:35
Korea ranked No.1 in NB delivery [Shipbuilding]
Newbuilding delivery of global shipbuilders during the first four months of 2017 totaled 556 vessels and 39.3m dwt (12.60m cgt), slightly up from the same period last year. However, the annual delivery in 2017 is expected to be 94.60m dwt, 6% les...
2017-05-25 07:06:30
Samkang M&T-PANASIA sign BWMS MOU [Photo News]
Samkang M&T has signed a Memorandum of Understanding (MOU) with PANASIA, a Korean ballast water management system maker, for the sales of desulfurization system and retrofit of vessels on May 24. Writing by Yujeong Jeong jeong@asiasis...
2017-05-25 07:05:46
Samkang M&T-PANASIA sign BWMS MOU [Equipment]
Samkang M&T has signed a Memorandum of Understanding (MOU) with PANASIA, a Korean ballast water management system maker, for the sales of desulfurization system and retrofit of vessels on May 24. BWMS must be installed on all vessels opera...
2017-05-25 07:05:18
Keppel secures contract to build LNG carriers worth over S$1... [Shipbuilding]
Keppel Offshore & Marine Ltd (Keppel O&M), through its wholly-owned subsidiary Keppel Singmarine, has strengthened its track record in the Liquefied Natural Gas (LNG)-related business by securing a contract worth a total of S$103 millio...
2017-05-25 07:03:50
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