HFO expected to be rare in spot market [Shipping]
An industry expert has recently forecasted that global ship operators will have difficulty in procuring heavy fuel oil (HFO) in spot market.  According to John LaRese, the Technical Liaison Manager for ExxonMobil Marine Fuels & Lubric...
2018-03-20 06:46:04
Rockwell had smart factory seminars in Korea [General]
Rockwell Automation Korea has recently announced that the company had 'Rockwell Automation On Tour (RAOT)' seminars in Korea.   With a theme 'smart factory for oil and gas plants', the seminars were held in Daesan-eup, South Chungche...
2018-03-20 06:45:22
Mac-Net held seminar on next-gen maritime industry [General]
Mac-Net (Maritime Cluster Networking in Korea) announced that it held a policy seminar on March 16 to discuss how to prepare the Korean model of smart shipbuilding/shipping. At the seminar presented many experts and high officials including th...
2018-03-20 06:43:22
Shell to provide LNG to Hong Kong [General]
Global major Shell is going to sign a long-term LNG supply deal with Hong Kong utility outfit CLP Power. It has been understood that Shell has competed with rival players including Petronas. According to industry and foreign media, Shell is ap...
2018-03-20 06:42:50
STX O&S faces worker reduction [Shipbuilding]
STX Offshore & Shipbuilding (STX O&S) receives applications for voluntary retirement from March 20.  The government and creditors have decided to salvage the troubled shipbuilder through more serious self-rescue plan. Unless STX O...
2018-03-20 06:41:44
Songa finally wins in Cat-D dispute with DSME [Offshore]
Songa Offshore announced on March 19 that the English High Court has ruled in the Norwegian offshore drilling contractor's favour in an ongoing arbitration with Daewoo Shipbuilding & Marine Engineering (DSME) regarding the construction of dri...
2018-03-20 06:41:13
KR publishes SOx Guidebook II [Shipping]
Korean Register of Shipping (KR) recently published ‘Guidebook II’ to help the industry to respond to global SOx regulations. IMO is implementing global 0.5% SOx cap from 2020, and shipping companies have to choose between several options:...
2018-03-20 06:40:22
SHI sold out employee shares [Finance]
Samsung Heavy Industries (SHI) took greenlight for its capital increase strategy with encouraging oversubscription of new stocks first allocated to employee stockholders association. SHI has allocated 20% of new stocks, 48m shares to employee ...
2018-03-20 06:39:50
Sungdong files for court receivership soon [Finance]
Sungdong Shipbuilding and Marine Engineering will reportedly submit its application form for the process of rehabilitations (court receivership) to the court this week. In view of the urgency of restructuring the debt-ridden shipbuilder, it is ex...
2018-03-20 06:39:13
Gibdock maintains on-time delivery track record [Shipbuilding]
Gibdock has once more vindicated its reputation for delivering maintenance and repair services on time and to the highest stands in the ro-ro and container ship markets. The Gibraltar yard has completed two projects in recent weeks that demanded ...
2018-03-19 07:11:56
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