Nau IB to raise funds for reshuffle [Finance]
Nau IB Capital, a Korean investment firm, invests KRW 40bn (approximately $37.3m) in the reshuffle of its compatriot shipbuilding industry. By targeting shipbuilding equipment providers mainly, the company plans to carry out accepting consolidate...
2018-01-31 07:07:57
Ulsan to secure LNG-fueled water surface cleaner [Shipbuilding]
Korea's Ulsan Regional Office of Oceans and Fisheries plans to operate a 260-ton LNG-fueled water surface cleaner. By using LNG and diesel as its fuel, the special vessel will be built and operated to clean suspended solids including garbage i...
2018-01-31 07:07:28
"DSME's Solidus changes paradigm" [Equipment]
As 'Solidus', the LNG containment system which Daewoo Shipbuilding & Marine Engineering (DSME) independently developed, comes on the scene, it is expected that the competitive landscape in LNG containment system sector, which has been led by ...
2018-01-31 07:06:27
CANSI: favorable environment ahead [Shipbuilding]
' The China Association of the National Shipbuilding Industry (CANSI) recently published an annual report for 2017. According to report, the accumulated order intake of Chinese industry in 2017 recorded 33.73m dwt, which is yoy 60.1% increase. I...
2018-01-31 07:06:03
HHI suspension partially lifted [Shipbuilding]
Hyundai Heavy Industries resumes operation partially after five days it suspended shipbuilding operation on January 25. “The Ministry of Employment and Labor partially lifted suspension order,” it stated on January 30. “Now we resume all...
2018-01-31 07:05:40
Hyundai Steel forecasts markup in Q1 [General]
Hyundai Steel is going to raise thick plate price in Q1, 2018. Song Choong-Sik, Vice President of Hyundai Steel stated on January 26 in the company’s conference call that “global steel price will stay strong during H1, 2018. We saw a huge ...
2018-01-31 07:05:19
Rolls-Royce opens R&D center in Finland [General]
Rolls-Royce announced on January 25 that it has opened a state-of-the-art research facility in Turku, Finland, to develop the technologies Rolls-Royce and its partners require to shape the future of an increasingly more autonomous global shipping...
2018-01-30 07:23:15
KT SAT succeeds in Portable-MVSAT pilot service [Shipping]
Korea's only satellite operator, KT SAT(https://www.ktsat.net), announced on January 26 that it has succeeded in trial service of Portable-MVSAT to a FSRU(Floating Storage Re-Gasification Unit) built by Hyundai Heavy Industries, on sea trial. It ...
2018-01-30 07:22:47
MOL signs for LNG-fueled tugboat [Shipbuilding]
Mitsui O.S.K. Lines, Ltd. (MOL; President & CEO: Junichiro Ikeda) announced on January 26 that it has signed a deal for the construction of an LNG-fueled tugboat (*1) with Kanagawa Dockyard Co., Ltd. (President: Takehito Ikoma, headquarters: ...
2018-01-30 07:19:55
TMC to equip newbuild FPSO [Equipment]
International compressor supplier TMC Compressors (TMC) announced on January 26 that it has won a contract from Shanghai Waigaoqiao Shipbuilding Co., Ltd (SWS) to supply the marine compressed air system to a newbuild FPSO the yard is currently co...
2018-01-30 07:18:00
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