Jiangsu Dajin bags one small tanker [Shipbuilding]
Russian oil product provider Amurskaya Neftebaza turns out to have ordered one new 4,500 dwt tanker from China's Jiangsu Dajin Heavy Industry, an affiliate of Bestway.  According to a foreign media outlet and broker sources, around $7.16m...
2018-03-27 07:13:34
STX labor union goes on strike [General]
Against the company's restructuring program which includes a reduction in 75% production workers, about 700 labor union members at STX Offshore & Shipbuilding (STX O&S) went on a general strike on March 26.  The union said, "Even ...
2018-03-27 07:08:57
DSME receives unqualified opinion [Finance]
Shinhan Investment Corp., a Korean securities brokerage and investment banking house, has reset its buy rating to 'buy' for Daewoo Shipbuilding & Marine Engineering (DSME) on March 23.  Hwang Eo-Yeon, a researcher from Shinhan Investm...
2018-03-27 07:08:22
Nothing fixed yet on appointing DSME CEO [General]
Regarding the recent media reports saying 'CEO Chung Sung-Lip has no intention of serving consecutive terms, noting that he will hand over his position to a successor when the company's management gets back on track to some degree', Daewoo Shipbu...
2018-03-27 07:06:58
SHI, DSME cancel contracts for four drillships with Seadrill [Offshore]
Samsung Heavy Industries (SHI) and Daewoo Shipbuilding & Marine Engineering (DSME) announced Monday that they have cancelled newbuilding contracts with John Fredriksen's Seadrill for a total of four drillships. The offshore drilling contra...
2018-03-27 07:05:36
HMM raises funds for building VLCC quintet [Finance]
Hyundai Merchant Marine (HMM) announced on March 26 that it penned a financial contract with Korea Shipping and Maritime Transportation (KSmart) on March 23 for the construction of five 300,000 dwt very large crude carriers (VLCCs). Regarding ...
2018-03-27 07:04:38
SHI's cyber security solution certified by ABS [Shipbuilding]
Samsung Heavy Industries (SHI) announced on March 26 that it has been certified as the world's first provider of cyber security technology for a smart ship by the American Bureau of Shipping (ABS).  While information exchanges are growi...
2018-03-27 07:03:29
Marine engines from Rolls-Royce get Tier III [Equipment]
The latest generation of MTU’s Series 4000 engines equipped with the SCR system for ships has successfully completed the IMO Tier III certification tests. Representatives of the ABS, BV, DNVGL, KR, NK, LR and RS certification bodies initially t...
2018-03-26 07:45:25
Lloyd's Register partners with BLOC [General]
Lloyd's Register Foundation (the Foundation) and Blockchain Labs for Open Collaboration (BLOC) today announced a funding partnership to set up Maritime Blockchain Labs (MBL), which will explore the use of blockchain for the assurance and safety o...
2018-03-26 07:44:38
Energean Takes FID on Karish & Tanin [Offshore]
Energean Oil & Gas PLC (“Energean” or “the Company”; ENOG:LN) announced that its Board of Directors has approved the Final Investment Decision (“FID”) to proceed with the $1.6 billion Karish & Tanin Development Project, offsho...
2018-03-26 07:43:50
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