GTT receives two new orders from DSME [Shipbuilding]
GTT announces it has received at the end of March, an order from the South Korean shipyard Daewoo Shipbuilding and Marine Engineering (DSME) for the design of the LNG tanks of two LNG carriers (LNGC). Each offering a capacity of 173,400m3, the...
2018-04-10 07:23:43
Consortium excited for Borssele V [Offshore]
The Two Towers consortium, consisting of Van Oord, Investri Offshore and Green Giraffe, has won the tender for Borssele Wind Farm Site V. MHI Vestas Offshore Wind is the preferred supplier for the wind turbines. Borssele V has been designated ...
2018-04-10 07:22:24
Uljanik chooses its restructuring partner [Shipbuilding]
Croatia's Uljanik Shipyard, which had suffered from financial problems over recent years, turns out to have chosen its compatriot Kermas Energija as a strategic partner for restructuring.  The Croatian shipbuilder picked the partner in or...
2018-04-10 07:20:07
KOSHIPA forms human resource sector council [Shipbuilding]
With the goal of raising the competitiveness of local shipbuilding & offshore plant sector by maximizing the use of retired manpower and laying foundation for small company-centered mutual growth strategy, the Korea Offshore & Shipbuildin...
2018-04-10 07:18:45
Longlife equipment center to be opened [Equipment]
An opening ceremony for the 'Technology Center for Long Life Cycle of Shipbuilding & Offshore Equipment' will be held on April 10 at the Ulsan Techno General Industrial Complex, Duwang-dong, Nam-gu, Ulsan Metropolitan City, Korea. Currentl...
2018-04-10 07:14:38
STX Engine marked 20m hp in defense market [Equipment]
STX Engine held a ceremony at Changwon HQ, celebrating its 2m hp milestone in defense market as well as 40th anniversary of the partnership with MTU of Germany. STX Engine, a manufacturer for diesel engines in defense market, is providing dies...
2018-04-10 07:14:05
HHI wins VLGC from Japan? [Shipbuilding]
It is said that JX Ocean of Japan orders one very large gas carrier (VLGC) from Hyundai Heavy Industries (HHI). Several foreign media outlets including TradeWinds have recently reported that the Japanese shipowner books one 80,000 cbm LPG carr...
2018-04-10 07:13:36
STX cutting payroll at the edge [Shipbuilding]
STX Offshore & Shipbuilding (STX O&S) announced on April 8 that its voluntary retirement program has attracted 144 field workers. 104 personnel chose voluntary retirement, while 40 chose to outsource. This is way too small then KDB and...
2018-04-10 07:13:12
STX O&S submits self-help plan first [Shipbuilding]
The management of STX Offshore & Shipbuilding (STX O&S) submitted a self-help plan to its creditors including the Korea Development Bank (KDB) on April 9. The plan covers methods for cutting expenses and material costs, raising produc...
2018-04-10 07:12:40
"New solution needed for STX/Sungdong" [General]
The representative of Justice Party, Roh Hoe-chan urged the government to set a new strategy through discourse. He announced on April 9 that he and other colleagues move to a resolution urging creditors and the government to choose rehabilitat...
2018-04-10 07:12:00
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