Korean ship export 'record high' [Shipbuilding]
Korea's exports increased by 13.7% in June compared to the same month last year. Especially ship export recorded the historic high with offshore plant deliveries.  The Ministry of Trade, Industry and Energy of Korea announced on July 1 th...
2017-07-06 07:06:56
HHI takes the first step in engine licensing abroad [Photo News]
Korean heavy industry giant Hyundai Heavy Industries (HHI) took its first step in engine licensing business with new overseas JV. On July 4, HHI announced an MOU for JV aiming to develop marine/on-land engines with Saudi Aramco and Saudi Arabi...
2017-07-06 07:05:14
HHI takes the first step in engine licensing abroad [Equipment]
Korean heavy industry giant Hyundai Heavy Industries (HHI) took its first step in engine licensing business with new overseas JV. On July 4, HHI announced an MOU for JV aiming to develop marine/on-land engines with Saudi Aramco and Saudi Arabi...
2017-07-06 07:04:19
Japanese companies enter FPSO owning business [Offshore]
Four companies (hereinafter the “four partners”), namely, Kawasaki Kisen Kaisha, Ltd. (head office: Chiyoda-ku, Tokyo; President & CEO: Eizo Murakami; hereinafter "’K’ Line”), Sumitomo Corporation (head office: Chuo-ku, Tokyo; Presi...
2017-07-05 07:34:08
Project started for new ship development platform [Shipbuilding]
Rolls-Royce, The Norwegian University of Technology Science (NTNU), research organisation SINTEF Ocean, and classification society DNV GL have recently signed a memorandum of understanding (MoU) with the aim of creating an open source digital pla...
2017-07-05 07:30:11
WinGD completes tests for new engine [Equipment]
Following an extensive test programme in the presence of eight classification societies, the latest development in Winterthur Gas & Diesel’s Generation X low-speed diesel engine range, the X52, successfully completed both its Factory Accept...
2017-07-05 07:28:16
ClassNK-Green Award to enhance safe shipping [Shipping]
ClassNK and Green Award announced on July 3 that they would further broaden their cooperation to ensure safety and minimize negative effects of the shipping industry. ClassNK became a Green Award incentive provider. ClassNK, a ship classificat...
2017-07-05 07:26:14
Total-NIOC to develop phase 11 of South Pars [Offshore]
It turned out that Total and the National Iranian Oil Company (NIOC) have signed a contract for the development and production of phase 11 of South Pars (SP11), the world's largest gas field. The project will have a production capacity of 2 billi...
2017-07-05 07:24:22
Merger of Baker Hughes-GE Oil & Gas finished [Offshore]
GE (NYSE: GE) announced on July 3 the completion of the previously announced combination of GE’s oil and gas business with Baker Hughes. Baker Hughes, a GE company (NYSE:BHGE) is the first and only company to bring together industry-leading equ...
2017-07-05 07:22:22
Saipem nets new E&C offshore deal [Offshore]
Saipem announced on July 3 that it has been awarded a new E&C Offshore contract by Saudi Aramco for EPCI (Engineering, Procurement, Construction, Installation) activities and T&I (Trunklines & Installation) works in Saudi Arabia, unde...
2017-07-05 07:20:30
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