Jeonnam to nurture mid-sized players [Equipment]
Jeonnam Provincial Government of Korea announced on May 13 that it is providing KRW300m of aid to small and mid-sized maritime enterprises in this year. The aid program will be arranged by Jeonnam and executed by Jeonnam Science & Technolo...
2018-05-15 07:01:09
Kyklades cancels five aframax TKs at Sungdong [Shipbuilding]
It is said that the contract for five crude carriers between Sungdong Shipbuilding and Marine Engineering and Greek operator Kyklades Maritime is eventually canceled with Sungdong going into court receivership. According to the industry, the c...
2018-05-15 06:59:45
DSME transfers technology to compatriot company [General]
The Ulsan branch of Korea Industrial Complex Corporation (KICOX) signed a technology transfer agreement with Daewoo Shipbuilding & Marine Engineering (DSME) and Standard Industry on May 11.  With the deal, which is the third technolog...
2018-05-15 06:59:16
Ouhua finally files for bankruptcy [Shipbuilding]
China's privately-run shipyard Zhejiang Ouhua Shipbuilding turns out to have filed for bankruptcy with Zhoushan Intermediate People's Court. It was reported last February that the financial situation of the yard is in dire straits, and the loc...
2018-05-15 06:58:31
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