Busan equipment providers to join 'APM 2018' [Offshore]
Busan Metropolitan City of Korea has recently announced that its 10 local equipment providers such as SEANET, DaeKyung, OSCG, Magswitch Technology Korea, Yoowon Industries, Samwoo B&B, Bomyung Metal, TANKTECH, Total Soft Bank and Heartman wil...
2018-03-15 07:09:19
Kouan bags one cable-laying vessel [Shipbuilding]
Zhongchuan Offshore, a Chinese offshore engineering company, turns out to have awarded one new cable-laying vessel (CLV) to its compatriot shipbuilder Taizhou Kouan Shipbuilding.  The vessel is slated for delivery in 2019, a foreign press...
2018-03-15 07:08:22
Doosan Heavy sells stakes in Doosan Engine [Equipment]
Doosan Heavy Industries & Construction announced through a regulatory filing on March 13 that the company has decided to sell its entire stakes (42.66%) in Doosan Engine to a consortium consisting of two Korean private equity funds Socius Adv...
2018-03-15 07:07:52
Lowest newbuilding cancellation in a decade [Shipbuilding]
It is said that newbuilding cancellation reaches 10-year low while ordering activity is picking. French brokerage BRS explained that cancellations are a direct sign of slump, and were reduced impressively with recent price change. According...
2018-03-15 07:07:14
"Doosan Engine expected to see recovery" [Equipment]
Doosan Engine, which will be sold to a consortium consisting of two Korean private equity funds Socius Advisors and Well to Sea Investment, is expected to receive benefit from the current recovery in new ship order sales market.  Park Moo...
2018-03-15 07:06:21
Sungdong/STX unions protest against government [General]
laborers of Sungdong Shipbuilding & Marine Engineering and STX Offshore & Shipbuilding is warning of demonstration against government. On March 12, five delegates of Korean Metal Workers’ Union (KMWU)’s Sungdong branch, STX branch,...
2018-03-15 07:05:47
Tsakos expanding LNG fleet [Shipbuilding]
Greek operator Tsakos Energy Navigation (TEN) is planning to expand its LNG fleet from the current two units to six. The president and CEO of TEN, Nikolas Tsakos said that they will give priority to LNG segment in its Q4 result conference call...
2018-03-15 07:05:14
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