President Moon: “shipbuilding will stand tall” [Shipbuilding]
Korean President Moon Jae-In chose Okpo shipyard of Daewoo Shipbuilding & Marine Engineering (DSME) for his first official visit in the new year on January 3. He also again declared his intention to revive shipbuilding industry and build mari...
2018-01-04 07:09:28
[2018 New Year's Address] HHI CEO Kang [Shipbuilding]
“Success in the past won't save us from the current struggle for survival. Only our own excruciating effort will.” Kang Hwan-Goo, the President of Hyundai Heavy Industries (HHI) stated in his new year’s message. “2017 was a crucible...
2018-01-04 07:08:09
[2018 New Year's Address] SHI CEO Nam [Shipbuilding]
"Our top priority for this year is to secure stable order covers. For this, there is a need of high cost competitiveness," Nam Joon-Ou, CEO at Samsung Heavy Industries (SHI), said on January 3 in his New Year's Message this year.  He expl...
2018-01-04 07:04:58
WFW advises Teekay LNG JV [General]
International law firm Watson Farley & Williams (“WFW”) recently announced that it has advised Teekay LNG Partners L.P. (“Teekay LNG”) and its joint venture partner China LNG Shipping (Holdings) Ltd (“CLNG”) on the US$1.6bn long-t...
2018-01-03 07:10:10
SGMF smiles on 2018 [Shipping]
Society for Gas as a Marine Fuel (SGMF) recently released a executive massage regarding to the prospect of LNG as a marine fuel, as following: "There have already been many significant, positive announcements for the gas-fuelled shipping indus...
2018-01-03 07:09:45
Ocean Yield in negotiations for new vessels [Shipbuilding]
Ocean Yield ASA ("Ocean Yield" or the "Company") is currently in negotiations regarding further investments in modern vessels with long term charters. The investments are still subject to board approval and agreement on documentation. Ocean Yi...
2018-01-03 07:09:14
DACKS nets two VLCCs [Shipbuilding]
Through a regulatory filing on December 12, 2017, COSCO Shipping Energy Transportation (CSET) announced that it have ordered two 308,000dwt VLCCs at Dalian COSCO KHI Ship Engineering (DACKS). It is understood that their total value is $160m, w...
2018-01-03 07:08:52
Zvezda expected to create many jobs [Shipbuilding]
It is said that Russia's Zvezda Shipbuilding Complex will create a huge number of jobs.  The Ministry for the Development of the Russian Far East has recently announced that the modern shipyard will create 6,500 new jobs. Aleksandr Pol...
2018-01-03 07:08:32
German LNG fuel program accelerated [Shipping]
Following the previous announcement made last August about a stimulus program to encourage both the construction of new LNG-fueled seagoing ships and the conversion of existing vessels, the Federal Ministry of Transport and Digital Infrastructure...
2018-01-03 07:08:07
11 more charged for STX tragedy [General]
Changwon District Prosecutors' Office charged additional 11 without detention including nine STX employees and two subcontractors, and also charged STX Offshore & Shipbuilding for the fatal explosion in last August. On November 14, 2017, t...
2018-01-03 07:07:48
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