HHI inks deal for JV yard in Saudi Arabia [Photo News]
Saudi Aramco has recently signed a shareholder agreement with Lamprell plc (“Lamprell”), the National Shipping Company of Saudi Arabia (“Bahri”), and Hyundai Heavy Industries Co. Ltd (“HHI”) to enter into a joint venture (“JV”) pa...
2017-06-02 07:31:56
HHI inks deal for JV yard in Saudi Arabia [Shipbuilding]
Saudi Aramco has recently signed a shareholder agreement with Lamprell plc (“Lamprell”), the National Shipping Company of Saudi Arabia (“Bahri”), and Hyundai Heavy Industries Co. Ltd (“HHI”) to enter into a joint venture (“JV”) pa...
2017-06-02 07:31:25
NYK-Dualog form strategic partnership [Equipment]
NYK, one of the largest shipping companies and a leader in maritime innovation in the world and Dualog, a cutting-edge innovator in maritime IT, enters a strategic partnership.   The strategic partnership will focus on pushing the boundari...
2017-06-02 07:28:27
Baker Hughes-GE receive clearance from Europe [General]
Baker Hughes Incorporated (NYSE:BHI) and General Electric Company (NYSE:GE) announced on May 31 that the European Commission has cleared the proposed transaction between Baker Hughes and GE’s oil and gas business under EU merger control rules.&...
2017-06-02 07:26:00
Shanhaiguan jack-up rig orders terminated [Offshore]
The Board of Directors (“Board”) of Falcon Energy Group Limited (“Company”, and together with its subsidiaries, the “Group”) announced the following on May 31. 1. By way of background, FTS Derricks Pte. Ltd. (“FTS Derricks”) (t...
2017-06-02 07:23:57
K Line-MOL-NYK establishes new JV [Shipping]
Kawasaki Kisen Kaisha, Ltd., Mitsui O.S.K. Lines, Ltd., and Nippon Yusen Kabushiki Kaisha have recently announced that their new joint venture (JV) will operate under the tradename “Ocean Network Express.”  The establishment of this n...
2017-06-02 07:19:22
French president to review sale of STX France [Shipbuilding]
French president Emmanuel Macron has ordered reconsidering the sale of STX France.     Macron revealed the plan on May 31 when he visited Saint-Nazaire based shipyard of STX France (Chantiers de l'Atlantique).      Th...
2017-06-02 07:15:43
"Low oil price drive MR tanker demand" [Shipbuilding]
The drop in oil prices due to an oversupply of oil has led to an increase in demand for tankers at the same time as reducing offshore orders, an analysis suggested. And Korea's shipbuilding industry is now at the forefront of new growth. Park ...
2017-06-02 07:14:41
HHI's Engine & Machinery takes paid leave [General]
Hyundai Heavy Industries has recently announced that its 160 Engine & Machinery Division workers took paid leave by rotation. The company will also implement employee education.  It is said that there will be surplus manpower in 4,700...
2017-06-02 07:13:55
Japan wants fair competition in level playing field [Shipbuilding]
Japan is actively calling for the establishment of a new shipbuilding regime for the provision of public funding for shipbuilding and the creation of a fair competitive environment. Jun Kohn from the Ministry of Land, Infrastructure, Transport...
2017-06-02 07:13:02
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