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Kor-Rus picture maritime cooperation
[General]
The Korea Marine Equipment Research Institute (KOMERI), together with The Trade Representative of the Russian Federation in Korea is holding a seminar on April 17 for maritime cooperation and the development of Russian market. On the seminar w...
2018-04-11 07:14:02
SHI’s new stock price fixed
[Finance]
The price of Samsung Heavy Industries’ (SHI’s) newly issued stocks is now fixed at KRW5,870 per share. Securities firms participating in the trade see that there would be no forfeited shares emerged, as the closing price on April 9 was KRW...
2018-04-11 07:13:19
Fukuoka acquires Usuki Shipyard
[Shipbuilding]
Fukuoka Shipbuilding announced on April 9 that the Japanese company accepts the succession of its compatriot Usuki Shipyard after buying more than 90% shares in the shipyard. After the business integration, the two firms, which have strength i...
2018-04-11 07:11:32
STX O&S' self-help plan under review
[Shipbuilding]
STX Offshore & Shipbuilding (STX O&S) and its labor union have managed to reach a tentative agreement on self-help plan. The question is, do the government and creditors accept the agreement. After reaching a tentative agreement ...
2018-04-11 07:10:56
HMM sending out RFP for boxships
[Shipbuilding]
Hyundai Merchant Marine (HHM) is pursuing the construction of environmentally friendly mega-containerships. On April 10, the company revealed its intention to build highly efficient, environmentally friendly containerships responding to the gover...
2018-04-11 07:10:16
Hudong scores new VLEC order
[Shipbuilding]
China LNG Shipping is understood to have signed MoU with a compatriot yard and American Ethane for the construction and employment of new VLEC series. When completed, the units will be deployed for COA with American Ethane, it is said. It is h...
2018-04-11 07:09:40
STX O&S reach agreement on self-rescue plan
[General]
STX Offshore & Shipbuilding announced at dawn (around 1:00 a.m.) of April 10 that the labor union and company are about to agree on self-rescue plan after all-night negotiations. The Korean middle-standing shipbuilder said, "company and la...
2018-04-10 09:51:51
L&T Hydrocarbon announces EPCI award
[Offshore]
L&T Hydrocarbon Engineering (“LTHE”), a wholly owned subsidiary of Engineering and Construction major Larsen & Toubro Limited, announced on April 5 an award for three Gas Production Deck Modules by Saudi Aramco. This is the fourth awa...
2018-04-10 07:27:28
SCF Group concludes long-term credit facility
[Finance]
PAO Sovcomflot (SCF Group) announced on April 6 that it has signed a new USD 252 million 7-year credit facility with a consortium of six leading international banks, which includes: ABN AMRO Bank; BNP Paribas; Citibank; ING Bank; KfW IPEX-Bank, a...
2018-04-10 07:25:19
C-Innovation bags subsea contract with BP
[Offshore]
C-Innovation, LLC (C-I), an affiliate of Edison Chouest Offshore (ECO) and its family of companies, has secured a three-year contract with BP Exploration & Production, Inc. (BP), the largest energy investor in the deepwater Gulf of Mexico. ...
2018-04-10 07:24:07
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