Nor Lines and Rolls-Royce sign service agreement [Shipping]
Nor Lines and Rolls-Royce have signed a groundbreaking “Power-by-the-Hour” service agreement for the two vessels Kvitbjørn and Kvitnos. The new service offering harnesses the power of “Big Data” to monitor, plan and perform maintenance a...
2017-05-26 07:27:20
Wartsila to supply equipment for two RoRos [Equipment]
Wärtsilä announced on May 24 that the technology group has been awarded the contract to supply controllable pitch propellers and Power Take Off / Power Take Home (PTO/PTH) shaft generator systems for two new RoRo vessels being built at the Ulja...
2017-05-26 07:25:48
Hapag-Lloyd and UASC merged [General]
Hapag-Lloyd and United Arab Shipping Company (UASC) merged on May 24.  The merger between the two liner shipping companies was completed today in Hamburg. With 230 vessels and a shared fleet capacity of approximately 1.6 million TEU, Hapa...
2017-05-26 07:23:54
McDermott-Aramco ink another MOU [Offshore]
McDermott International, Inc. (NYSE:MDR) announced on May 20 it signed another memorandum of understanding (MOU) with Saudi Aramco to expand and develop the company’s physical and human capital within Saudi Arabia as part of Aramco’s In-Kingd...
2017-05-26 07:21:52
Busan to set up shipbuilding restructuring fund [Finance]
Busan City, Korea Venture Investment, BN Group, and BK Investment will make a  fund of KRW 50bn for small and venture companies in the shipbuilding industry. The city decided to make an investment in BK Investment's 'BK 6th shipbuilding r...
2017-05-26 07:17:39
DSME "Offshore deal with Iran terminated in Sep" [Offshore]
Daewoo Shipbuilding & Marine Engineering said on May 25 regarding a report on an offshore plant deal with Iran, "If we do not enter into the contract, the MOU will expire in September this year." The Korean shipbuilder said through an answ...
2017-05-26 07:15:31
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
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