Wisdom raises $10.5m for fleet expansion [Finance]
Taiwanese owner Wisdom Marine announced a plan to raise NTD 320m ($10.58m) through issuing 32m new shares on July 28. The issuance of new shares is for the purpose of financing new ships. Wisdom Marine said 10% of the new shares will be res...
2017-08-03 07:08:47
"A fifth of existing jackup rigs need to be demolished" [Offshore]
It is suggested that there needs to demolish a fifth of the existing jackup rigs (21%) in order to revive the sluggish offshore energy development market. Rystad Energy, a Norwegian energy consultant company, has recently released a report and...
2017-08-03 07:07:54
"NB price likely to decline further until 2018" [Shipbuilding]
An industry expert has recently expected that ship price continues to go down until next year even though a glut of tonnage starts to slacken off, resulting from a decline in global shipyards' order covers. According to the latest analysis of ...
2017-08-03 07:06:12
DSME made new history of submarine [Shipbuilding]
Daewoo Shipbuilding & Marine Engineering has successfully constructed an Indonesian submarine and made new history, which was the first in Korea to win a submarine from overseas. In 2011, the Korean shipbuilder delivered the first of three...
2017-08-03 07:05:06
KR awarded Anti-bribery management cert [General]
Korean Register of Shipping (KR) became the first in the shipping and shipbuilding industry to acquire ISO 37001 certification, an anti-bribery management standard. ISO 37001 is an anti-bribery management system (ABMS) standard for organizatio...
2017-08-03 07:04:02
Pakistan to develop new modern shipyard [Shipbuilding]
The Pakistan government has recently announced its plan to develop Gwadar Shipyard to meet increasing domestic needs for merchant ships. According to foreign presses and industrial sources, the plan on a fast-track basis does not only aim to m...
2017-08-03 07:02:44
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[Interview: Danfoss Group] "NB market to be recovered"