Techcross to introduce new products in Kormarine [Equipment]
As the International Maritime Organization's (IMO's) ballast water management (BWM) convention comes into force, shipowners have much difficulty in the choosing of proper product. Possibly, they might find a solution at Techcross' stand in the 4t...
2017-10-20 07:07:52
'KC-1' LNGC duo to be delivered early 2018 [Equipment]
The delivery of Korea Gas Corporation's (KOGAS') two LNG carriers to which 'KC-1' (Korean LNG cargo containment system) technology is applied has been delayed, incurring additional costs.  According to a report that KOGAS submitted to Con...
2017-10-20 07:07:29
Korea saw 319% upturn in NB orders [Shipbuilding]
From January to September this year, shipbuilders all around the world were awarded 573 vessels of 47.9m dwt (15.9m cgt), up by 103% year-on-year on an annualized basis.  According to Clarkson Research, for the nine opening months of 2017...
2017-10-20 07:06:44
"New waves coming for Korean industry“ [Shipbuilding]
A researcher argued that Korean shipbuilding industry will ride a new wave with a resurgence of the offshore facility, recovery of merchant vessel order, and LNG carrier boom which will start from next year. Bae Seo-Jin, a researcher at Hyunda...
2017-10-20 07:06:16
KEXIM to finally sell DaeSun [Finance]
The Export-Import Bank of Korea (KEXIM), the main creditor bank of Daesun Shipbuilding & Engineering, announced on 19 that it will post the public notice of sale of Daesun, starting to receive indicative offers. The creditors, who are curr...
2017-10-20 07:05:24
POSCO ready to order LNG-fuel capesize, soon [Shipbuilding]
Korean steel major POSCO is preparing an LNG-fuelled large bulker newbuilding charter project and the tender is soon to be launched.   Domestic industry players say the tender specifications will be unveiled by the end of this month or ear...
2017-10-19 16:11:29
SHI wins FSRU with in-house technology [Offshore]
Samsung Heavy Industries turns out to have recently won an LNG floating, storage & regasification unit (LNG-FSRU) at KRW 250bn (approximately $221m).  The Korean shipbuilding tycoon announced on October 19 that it signed a contract wi...
2017-10-19 11:08:12
Mackay-Inmarsat signed Fleet Xpress Partnership [Equipment]
Mackay Communications Inc., a worldwide marine electronics and airtime service provider, announced on October 17 that it has signed a Partner agreement with Inmarsat (LSE: ISAT.L) to distribute its award-winning Fleet Xpress service to the global...
2017-10-19 07:17:03
Royal IHC acquires stakes in rotterdam offshore group [Offshore]
On October 9, Royal IHC has announced its acquisition of 50% of the share capital of Rotterdam Offshore Group (ROG). The agreement will enable IHC to strengthen its ship repair and conversion capabilities with the addition of a dedicated facility...
2017-10-19 07:15:58
DNV GL going for Taiwanese wind [Offshore]
DNV GL, the world’s largest resource of independent energy experts and certification body, has announced on October 17 that it signed an agreement with leading Taiwanese stakeholders to collaborate on offshore wind testing and certification to ...
2017-10-19 07:12:17
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