STX carries out additional voluntary retirement program [Shipbuilding]
Jang Yoon-Geun, CEO from STX Offshore & Shipbuilding (STX O&S), released a statement to employees on April 6, demanding additional voluntary retirement. Last month, the Korean government and creditors decided to file for court receiver...
2018-04-09 07:06:25
KOMERI appoints new President [People]
The Korea Marine Equipment Research Institute (KOMERI) announced on April 4 that it appointed Kong Gil-Young as its new president. He is elected as president through secret vote after screening procedure for the selection of final candidates. ...
2018-04-09 07:05:50
KOMERI appoints new President [General]
The Korea Marine Equipment Research Institute (KOMERI) announced on April 4 that it appointed Kong Gil-Young as its new president. He is elected as president through secret vote after screening procedure for the selection of final candidates. ...
2018-04-09 07:05:23
Korea topped in Q1 [Shipbuilding]
Korean shipbuilding industry has secured the global top place in Q1 order intake pushing China away. According to Clarksons Research, Korea had scored 2.63m cgt during Jan-Mar period. This is significantly larger than China’s 1.96m cgt and Japa...
2018-04-09 07:04:33
"HMM puts spurs to place new order in 2Q" [Shipping]
In line with the Korean government's five-year shipping rehabilitation plan, Hyundai Merchant Marine (HMM) places orders for supersized ships in earnest within the first half of 2018. The Korean mammoth container line is said to have already been...
2018-04-09 07:03:29
Samsung Electronics go into SHI capital increase [Finance]
Samsung Electronics announced through a regulatory filing on April 6 that it is participating in Samsung Heavy Industrie’s capital increase. With Samsung Electronics’ participation, all three holders from Samsung Group (Samsung Electronics...
2018-04-09 07:02:55
VARD signs letter of intent for two cruise vessels [Shipbuilding]
VARD announced on April 4 that the company has signed a Letter of Intent (“LOI”) for the design and construction of two cruise vessels for Viking. The potential contract value for two vessels is expected to be approximately NOK 4.5 billion...
2018-04-06 07:16:54
World's first autonomous shipping company established [Shipping]
Wilhelmsen and KONGSBERG are joining forces to take the next step in autonomous shipping by offering a complete value chain for autonomous ships, from design and development, to control systems, logistics services and vessel operations. "As a ...
2018-04-06 07:16:04
Hapag-Lloyd vessels benefit from MacGregor Cargo Boosts [Shipping]
MacGregor, part of Cargotec, is upgrading and optimising the container stowage systems on board seven Hapag-Lloyd C-class (Samsung 9,300 TEU series) container vessels. A contract for four vessels was signed in December 2017 and was shortly follow...
2018-04-06 07:15:30
Supply of 150 jacket foundations for Taiwan windfarms [Offshore]
Copenhagen Infrastructure Partners (CIP) has just signed an Award Agreement with the joint venture partners Bladt Industries and Taiwanese Century Wind Power (CWP), covering the supply of up to 150 jacket foundations.  The agreement is fo...
2018-04-06 07:14:55
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