Kangrim nets domestic scrubber deal [Equipment]
Kangrim Heavy Industries, a Korean shipbuilding·offshore equipment manufacturer, has entered into a contract with its compatriot oil company GS Caltex for the supply of exhaust gas cleaning system (EGCS, SOx Scrubber) which is to be installed in...
2018-01-03 07:07:27
Samjong to consult on Sungdong&STX [Finance]
Samjong KPMG has been chosen to conduct the second phase of due diligence on STX Offshore & Shipbuilding and Sungdong Shipbuilding and Marine Engineering. Last week, according to industrial sources on January 2, the Ministry of Trade, Indu...
2018-01-03 07:06:36
MOL orders one VLGC from KHI [Shipbuilding]
Singapore-based Phoenix Tankers, a wholly-owned subsidiary of Mitsui O.S.K. Lines (MOL), has ordered a new very large gas carrier (VLGC) from Kawasaki Heavy Industries (KHI) of Japan. According to foreign press and brokers, Phoenix Tankers c...
2018-01-03 07:06:10
HHI labor-management strike tentative agreement [Shipbuilding]
Hyundai Heavy Industries (HHI) union and management, two parties who could not have closed wage negotiations for two years, made a tentative agreement for 2016 and 2017’s wage after a year and seven months since May 2016, when they begin negoti...
2018-01-02 15:01:55
FLEX LNG signs contract for first LNGC newbuilding [Shipbuilding]
FLEX LNG LTD (FLEX LNG or the Company) (OSE:FLNG) announced on December 28, 2017 that it has entered into a time-charter contract for the LNG carrier newbuilding, FLEX ENDEAVOUR, to Uniper Global Commodities ("Uniper"), a leading international en...
2018-01-02 07:26:16
Austal’s fifth vessel for French Polynesia [Shipbuilding]
Austal Limited (ASX:ASB) announced on December 28, 2017 that long-standing client and French Polynesia’s leading commercial ferry operator, SNC Aremiti (part of the Groupe Degage), has awarded a AU$30 million contract to Austal to design and bu...
2018-01-02 07:24:46
Two major players in Taiwan floating wind power [Offshore]
EOLFI, a French developer specialised in floating wind projects, and Cobra Concesiones, a Spanish industrial company wholly-owned by ACS, recently announced that they have formed a partnership in Taiwan: on December 21, 2017, Cobra Concesiones fi...
2018-01-02 07:23:17
10 MW wave energy park to Bali [Offshore]
The Finnish clean energy company Wello announced on December 28, 2017 that it has developed a wave energy solution, which captures the energy derived from passing ocean waves. The company has now received its’ first order a commercial wave en...
2018-01-02 07:21:08
CIP's new fund obtains huge commitments [Finance]
Copenhagen Infrastructure Partners (CIP) recently announced that after 9 months of fundraising, Copenhagen Infrastructure III (CI III), has had its sixth close on December 27, 2017 with total commitments reaching EUR ~2.8 bn. CIP targets a fund s...
2018-01-02 07:20:23
CRCC to order wind turbine ship [Offshore]
China Railway Construction Corporation (CRCC) recently announced that it will order new offshore wind turbine installation vessels. According to foreign media and industry, the vessels are being arranged to respond to increasing demands for ...
2018-01-02 07:18:44
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