9-year jail sentence confirmed on former DSME CEO [General]
The Supreme Court of Korea announced on December 24 that it sentenced Ko Jae-Ho, who headed Daewoo Shipbuilding & Marine Engineering (DSME) from 2012 to 2015, to nine years in prison on charges of accounting fraud.  Ko was accused of ...
2017-12-27 06:59:19
DSME adjusted contract price [Shipbuilding]
Daewoo Shipbuilding & Marine Engineering (DSME), through a regulatory filing, announced on December 26 that it adjusted the contract value of five boxships it won in last September 20 from KRW779.7bn to KRW789.1bn. It also added that it ch...
2017-12-27 06:58:33
Timetec unveils TTM Plant3D [Shipbuilding]
Timetec, a Korean computer-aided design (CAD) system developer for the shipbuilding industry, has launched TTM Plant3D, a 3D CAD for offshore/land-based plants, and has held a presentation for inland plant experts on December 20 at Seoul. TTM ...
2017-12-27 06:57:58
HSHI to garner Greek tankers [Shipbuilding]
Some industry players said that Greek owner Evangelos Pistiolis is ordering up to four new tankers at a Korean yard. According to a foreign media, the owner is ordering 2+2 tankers at Hyundai Samho Heavy Industries (HSHI) to return to suezmax ...
2017-12-27 06:57:17
Mastek won eight ships from Tanzania [Shipbuilding]
The Busan Metropolitan City of Korea announced that Mastek Heavy Industries and Tanzania state-run Drums of Africa Ltd. are signing newbuilding contract for six 80m purse seiners and two 74m high-speed catamaran passenger ships on December 27. ...
2017-12-27 06:56:09
Galp carries out first LNG ship refuelling in an Atlantic is... [Shipping]
Galp announced on December 21 that it completed, at the port of Funchal, Madeira, the first ever liquefied natural gas (LNG) vessel refuelling carried out at a Portuguese port, and the first on any Atlantic island. The refuelling of the AIDApr...
2017-12-26 07:34:59
Rolls-Royce and MOL to develop intelligent awareness for shi [Shipping]
Rolls-Royce announced on December 21 that it have signed a deal with Japanese multi-modal transport company Mitsui O.S.K. Lines (MOL), to collaborate in the development of its intelligent awareness system. The collaboration will be on board 16...
2017-12-26 07:34:34
GeoSea signs Cooperation Agreement with CSBC [Offshore]
GeoSea recently announced that it has signed a Cooperation Agreement for the Taiwanese offshore wind market with CSBC Corporation, Taiwan's largest shipyard. The Taiwanese Government have set out an ambitious agenda to reduce the island's depe...
2017-12-26 07:34:10
Euronav and Gener8 announce merger [Shipping]
The Boards of Euronav NV (NYSE: EURN & Euronext: EURN) (“Euronav” or the “Company”) and Gener8 Maritime, Inc. (NYSE: GNRT) (“Gener8”) announced on December 21 that they have reached an agreement on a stock-for-stock merger for the...
2017-12-26 07:33:41
Maersk Fluid Technology partners with Technava [Equipment]
Maersk announced on December 21 that Piraeus-based Technava have commenced with the promotion of the Maersk Fluid Technology’s (MFT) SEA-Mate® Blending-on-Board (BOB) system as the official sales agent for the technology in Greece and Cyprus.&...
2017-12-26 07:31:34
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