Clough-Wartsila JV won EPC for power plant [General]
Clough announced on October 27 an Engineering, Procurement, and Construction (EPC) contract, in joint venture with Wartsila, to develop the POM Power Station near Port Moresby in Papua New Guinea. The POM Power station is a nation building infras...
2017-10-30 07:10:26
GTT win LNG tank work SHI FSRU fsru [Equipment]
GTT announced on October 26 a new order from Samsung Heavy Industries regarding a Floating Storage and Regasification Unit (FSRU). Its delivery is scheduled in late 2020. This contract is the sixth FSRU order obtained by GTT this year. Philipp...
2017-10-30 07:10:05
Wison-GTT signs strategic cooperation agreement [Equipment]
Wison Offshore & Marine (“Wison”) on October 26 announced that it has signed a strategic cooperation agreement with GTT, a world leader in design and engineering of containment systems for maritime transportation and storage of LNG. &nbs...
2017-10-30 07:09:41
POSCO back to 1trn club in 3Q [General]
POSCO returns to the so-called ‘1trn club’, a group of companies of KRW1trn operating profit, in two quarters. POSCO marked KRT15.0361trn of revenue and KRW1.1257trn of operating profit, KRW906.6bn of net profit in Q3, on a consolidated ba...
2017-10-30 07:09:02
1st Goeje offshore plant center completed [Offshore]
Geoje City of Korea announced that the first phase of building 'Offshore Plant Industry Support Center', which was started in July, 2015, has been finished in mid-October this year. With this, research facility, test facility and welfare facil...
2017-10-30 07:08:35
Korea plans change in abandoned yard [General]
South Gyeongsang Province of Korea announced on October 25 that it plans to turn abandoned local shipyards into international tourist attractions. Han Kyung-Ho, the acting Governor of Gyeongsang South Province, disclosed the plan on the day af...
2017-10-30 07:08:06
Largest Greek shipyard files for bankruptcy [Shipbuilding]
The Greek government has recently announced the bankruptcy of the largest shipyard in the country Hellenic Shipyards. The insolvency process is in accordance with revised Greek bankruptcy rule, so that selling assets and collecting shares are lik...
2017-10-30 07:07:41
CSL takes over Hooghly Dock [Shipbuilding]
Cochin Shipyard Limited (CSL), the largest shipbuilder in India recently acquired government approval for the take over of Hooghly Dock & Port Engineers. Industry sees that the company will soon start to upgrade and modernize facilities at...
2017-10-30 07:07:17
Exmar in talks with Iran for Caribbean FLNG [Offshore]
Exmar of Belgium has been in talks in Iran on chartering floating liquefied natural gas (FLNG) facility. According to several foreign presses including Reuters, Exmar has been in negotiation with National Iranian Oil Company (NIOC) and its Nor...
2017-10-30 07:06:47
POSCO pleased to negotiation results [General]
Korean steel giant POSCO, at its conference call for Q3 2017 results on 26 stated that “With auto industry, we managed to keep 1H’s raised price. Shipbuilding industry largely accepted our recent markup even with their own difficulties, as th...
2017-10-30 07:05:51
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