CASIC acquires shares in Dayang Offshore [Finance]
China Aerospace Science & Industry Corporation (CASIC), which is leading the Chinese space business, recently signed a share transfer contract with independent shareholders of Dayang Offshore Equipment. According to industry sources, CASIC...
2017-06-15 07:09:10
Oil majors embracing push to green energy [General]
As global renewable energy development such as wind power is emerging as a promising new industry, it has been suggested that it is a good opportunity for existing global energy majors as well. The report released Monday by Wood Mackenzie said...
2017-06-15 07:07:14
Breeze blowing into the frozen OSV market [Offshore]
The number of offshore support vessels (OSV), which is currently idle and questioned about returning to the market, is estimated to be 1,600. But some marginal but positive movements are observed in the offshore support vessel market. Norwegia...
2017-06-15 07:06:04
Tanktech's oil/water interface detector certified [Equipment]
Tanktech, a Korean shipbuilding and offshore equipment supplier, has recently attained an intrinsic safety certification for its portable oil/water interface detector. The device measures the boundary layer between water and oil in tank quickl...
2017-06-15 07:05:19
DSME to issue new stocks [Finance]
Regardless of legal action one private investor took against its debt adjustment plan, Daewoo Shipbuilding & Marine Engineering is to receive financial supports from its creditor banks.  The Korean struggling shipbuilder announced thr...
2017-06-15 07:04:12
"Now is beginning of big cycle" [Shipbuilding]
A Korean industry expert has recently analyzed that a 15-year boom cycle in shipbuilding industry is coming up.  Choi Jin-Myung, an analyst at CAPE Investment & Securities of Korea, said, "Now is the time to ask when a growth resumes ...
2017-06-15 07:03:23
"HMD expected to win new orders of $3.2bn" [Shipbuilding]
The value of new orders Hyundai Mipo Dockyard has won for the first five months of this year is estimated to increase by 852% over the same period of 2016. Hwang Eo-Yeon, a researcher from Shinhan Investment, said, "Hyundai Mipo is estimated t...
2017-06-15 07:01:38
European owners will rush to order Korean ships [Shipbuilding]
As the Korean shipbuilding industry's newbuilding orders have increased, the KRW has strengthened, and the virtuous cycle structure has begun to rebound as the KRW appreciates further. "Shipbuilding stocks have tended to rise when the euro str...
2017-06-15 07:00:13
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