Greece-Russia join forces for maritime industry [Shipbuilding]
It is understood that Russia and Greece have been active for the establishment of maritime joint ventures. Dimitrios Velanis, the special advisor on Russian relations to the Greek prime minister told a Russian media outlet that they are seekin...
2018-05-31 07:19:15
VR enhances yard safety [Shipbuilding]
Ulsan of Korea recently announced that its VR/AR/MR contents development project for yard safety is selected as one of ‘2018 VR/AR/MR flagship project,’ which was set by National IT Industry Promotion Agency of Korea (NIPA) and Ministry of Sc...
2018-05-31 07:18:50
COSCOCS aiming Brazilian waters [Shipbuilding]
Chinese maritime giant China COSCO Shipping (COSCOCS) is poised to expand its reach into the Brazilian market. Foreign sources told that the group is seeking new O&G development projects in Brazilian offshore with rising oil price and loos...
2018-05-31 07:18:21
DSME CEO achieves consecutive appointment [General]
The consecutive appointment of Jung Sung-Leep, CEO of Daewoo Shipbuilding & Marine Engineering (DSME), was officially confirmed on May 29. DSME held an extraordinary shareholders meeting on the same day at its office building in Da-dong, S...
2018-05-31 07:17:51
Korean yards dominated gas ship orders [Shipbuilding]
Global shipbuilding industry scored 252 units, 21.6m dwt (7.7m cgt) of orders for the first four months of 2018, representing a 22% year-on-year downturn in terms of annualized dwt. April has particularly been weak with only 40 units, 1.5m dwt of...
2018-05-31 07:17:19
Flex acquires HHI LNGCs [Shipping]
John Fredriksen’s LNG shipping unit FLEX LNG recently announced that it is purchasing two new 174,000-cbm LNG carriers Hyundai Heavy Industries (HHI) is building with its Q1 results. It was said that the units cost $184m apiece, and 20% of t...
2018-05-31 07:16:50
HHIC planning new shipyard [Shipbuilding]
Hanjin Heavy Industries & Construction (HHIC) of Korea is understood to have been mulling on moving its Yeongdo-based shipyard to a new site. It is said that the company is leasing a part of a dock around Sinseondae, Busan. HHIC is plannin...
2018-05-31 07:16:13
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