Southeast coasts invite for export conference [Equipment]
Gyeongnam Provincial Government announced that it will hold an export conference to revitalize depressed local shipbuilding industry. The conference is jointly held on June 28 by Gyeongnam, Busan, and Ulsan with support from Small and Medium B...
2018-03-13 06:44:11
HHM abandons five VLCC options [Shipping]
Hyundai Merchant Marine (HMM) is said to have abandoned its options for new very large crude carriers (VLCCs). According to industrial sources, HMM has decided not to exercise additional five options which were attached to an earlier agreement...
2018-03-13 06:43:32
Russia declares developing Arctic sea routes [Shipping]
Russia showed its intention to increase ship traffic along the Northern Sea Route (NSR) tenfold by 2025. In his annual state of the nation speech, at the beginning of the month, Russia's President Vladimir Putin pointed out the importance of b...
2018-03-13 06:43:06
Hyundai puts up new sign [General]
Hyundai Robotics Co., Ltd., the holding company of Hyundai Heavy Industry Group, is changing its name to Hyundai Heavy Industries Holdings Co., Ltd. On March 9, The board of directors of Hyundai Robotics decided and announced such modification...
2018-03-13 06:42:38
Offshore projects enjoying smooth Q1 [Offshore]
While merchant vessel market is showing an impressive recovery, offshore sector also is too delivering quite encouraging news. Tortue FPSO project, which was considered delayed due to local contents requirements, is expected to select the yard...
2018-03-13 06:42:04
DSME makes profit last 2017 [Shipbuilding]
Daewoo Shipbuilding & Marine Engineering (DSME) turned a profit last 2017. With this, it has succeeded in making surplus, for the first time in six years since 2011. The revenue, operating profit and net profit of DSME came to KRW 11.1018t...
2018-03-13 06:41:31
Dongsung launches new LNG fuel tank [Equipment]
Dongsung Finetec, a Korean maker of cryogenic insulation products, announced on March 12 that the company had a launching ceremony for 'LNG Brick®', a Mark III membrane LNG fuel tank developed by France's GTT, at its Tongyeong factory, South Gye...
2018-03-13 06:40:57
Keppel FELS lands new drilling rig [Offshore]
Awilco Drilling PLC announced on March 11 that its fully owned subsidiary Awilco Rig 1 Pte. Ltd. signed a contract with Keppel FELS shipyard in Singapore for the building of one new CS60 ECO MW semisubmersible drilling rig on 9 March 2018.  ...
2018-03-12 10:07:43
GAS Entec Contracted to Export LNG Re-Gas Package [Equipment]
GAS Entec Co., Ltd. announced that it has received an order for LNG regasification plants from Turkey's power generation company. GAS Entec has been selected as a supplier for the regasification unit installed on the Powerships constructed by Kar...
2018-03-12 06:07:18
Saudi Aramco signs preliminary gas deal with Shell [Offshore]
State oil giant Saudi Aramco signed a preliminary deal to pursue international gas opportunities with Royal Dutch Shell (RDSa.L) on Thursday as part of top crude exporter Saudi Arabia’s diversification drive before the listing of Aramco. The...
2018-03-12 06:05:48
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