Crane accident at SHI delays Martin Linge project [Offshore]
Following the tragic accident at the Samsung Heavy Industries (SHI) Geoje yard in South Korea on May 1st, 2017, Total has assessed the status of some of its projects given that the yard is being used for construction works related to three of its...
2017-07-07 07:29:50
Korea discusses development of naval ship business [Shipbuilding]
With the goal of seeking new directions for the development of naval ship industry based on the competitiveness of its compatriot shipbuilding industry, the Research Institute of Medium & Small Shipbuilding (RIMS) of Korea held a policy semin...
2017-07-07 07:28:09
Keppel to go beyond traditional yard [Shipbuilding]
As the global offshore industry continues to slump due to the recent shale boom and the continuation of low oil prices, various offshore development projects have been suspended or delayed. Singapore's Keppel Corporation is shaping itself to be a...
2017-07-07 07:17:30
Offshore plant O&M seminar held [Offshore]
Busan Metropolitan City of Korea hosts 'Global Business Strategy Seminar for Offshore Plant Operation & Maintenance' for engineers, shipbuilders, and shipbuilding equipment companies on July 6 at Tongmyong University. The seminar is a part...
2017-07-07 07:16:49
Shipbuilding equipment outlook worst ever [Equipment]
Although domestic shipbuilders have been following up on orders this year, the situation for shipbuilding equipment companies in Korea is getting worse. This is because there is usually a time lag between 1 and 1.5 years before order receipts fro...
2017-07-07 07:16:13
Hyudnai Electric to set up $21m ESS [Equipment]
Hyundai Electric & Energy System said on July 6 Tuesday that it has won a KRW 24.6bn($21.5m) order to build a 50 megawatt energy storage system (ESS) and energy management solution in Hyundai Heavy Industries' headquarter in Ulsan, Korea. It ...
2017-07-07 07:15:35
Korea forms fund for restructuring depressed yards [Finance]
A restructuring fund has been formed in Korea for small- and mid-sized shipyards which need reorganization process. According to sources in venture capital industry, two Korean companies KB Investment & Securities and POSCO Capital held a ...
2017-07-07 07:14:52
Miura's BWMS faces USCG type approval [Equipment]
Miura Co., Ltd. has recently announced that the Japan's leading boiler manufacturer faces the final step to receive the US Coast Guard (USCG) type approval for its HK ballast water management system (BWMS) which had already acquired IMO G8 type a...
2017-07-07 07:13:01
MOL verified 'Windshield' technology [Equipment]
Mitsui O.S.K. Lines (MOL) recently announced that Windshield technology it developed and applied to its container ship can reduce CO2 emission by average 2%.   MOL has conducted verification test for this system, which is introduced in 201...
2017-07-07 07:11:39
Phase I tender for Saudi shipyard closed [Offshore]
Phase I tender of offshore construction for King Salman global maritime complex, being established by Saudi Aramco, is closed. According to foreign media and industry sources, in this package tender for Ras Al-Khair yard project, a consortium ...
2017-07-07 07:09:49
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