Subcontractors to buy STX France shares [Finance]
Subcontractors of STX France offered to buy minority shares in the shipyard. According to a local report, Bruno Retailleau, chairman of regional council in Pays de la Loire, told that STX France is being bought by Fincantieri but the Italian s...
2017-06-29 07:14:30
Shipbuilding technology transfer conference [General]
Korea Marine Equipment Research Institute (KOMERI) and Korea Maritime and Ocean University are jointly holding '2017 Shipbuilding·Offshore Technology Transfer Conference'  on June 28 in Busan, sponsored by  Busan R & D Special Zone...
2017-06-29 07:13:39
POSCO considered as No.1 steelmaker again [General]
Korea's leading steel maker POSCO has been named 'the world's most competitive steelmaker' for eight consecutive years. At the 32nd Steel Survival Strategies which was held in New York of the US on June 26, World Steel Dynamics (WSD), a global...
2017-06-29 07:12:44
HHI sees slowdown in NB momentum? [Shipbuilding]
A Korean industry expert pointed out that Hyundai Heavy Industries' new order intakes have not recently met expectations. Jeong Dong-Ik, an analyst from KB Securities of Korea, said on June 28, "So far this year, Hyundai has been awarded new o...
2017-06-29 07:11:53
Korea Eximbank finances Eni's Mozambique project [Finance]
The Export and Import Bank of Korea (Korea Eximbank) said on June 27 that it signed a $1bn financing deal for the Coral South floating liquefaction project in Mozambique. The creditor group comprising eight institutions including Korea Eximban...
2017-06-29 07:10:27
Cyber attacks terrorizing shipping and energy industries [Shipping]
Ransomware named ‘Petya’ launched severe attacks on shipping and energy industries, while also striking European governments and companies.   On June 27 local time, the computer systems of A.P. Moller–Maersk Group suffered shutdown f...
2017-06-29 07:08:10
Busan to implement mandatory low-sulphur fuel oil use [Shipping]
Busan is planning to impose mandatory use of low sulphur fuel oil (under 1%) to all the vessels that use the Port of Busan, as Busan Metropolitan City pushes forward with the initiative ‘comprehensive plan for air pollution management’ to enh...
2017-06-29 07:07:22
Ulsan celebrates Shipbuilding·Marine Industry Day [General]
The 11th celebration ceremony of Ulsan Shipbuilding·Marine Industry Day was held on June 28 at Dong District, in the presence of Mayor of Ulsan, Kim Gi-hyeon, and other industry officials.   The ceremony included footage screening, commen...
2017-06-29 07:05:37
GeoSea wins offshore wind installation work [Offshore]
DEME Group’s offshore marine engineering subsidiary GeoSea announces on June 26 that, following successful completion of the design, it also received the Notice to Proceed for fabrication and offshore installation of 16 wind turbine foundations...
2017-06-28 07:27:32
Rolls-Royce and Aviall to support AE defence engines [Equipment]
Rolls-Royce and Aviall, a Boeing Company, have reached a new parts sales and distribution agreement, initially worth $3 billion at list prices, to support the global fleet of AE defence engines. Under the terms of the agreement Aviall will bec...
2017-06-28 07:26:49
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