KOMERI grants aid to LNG bunkering entrepreneurs [Equipment]
The Korea Marine Equipment Research Institute (KOMERI) Ulsan branch, Gyeongnam Technopark, and Changwon National University have been organizing ‘2018 export promotion for LNG equipment.’ The promotion is aiming to support local LNG bunker...
2018-06-22 07:04:16
NAU IB builds restructuring fund [Finance]
NAU IB Capital, a Korean investor announced that it will build a KRW40bn of investment fund aiming shipbuilding market amid restructuring. According to the IB industry, NAU IB Capital decided to organize ‘NAU ACE Partnership Fund’ through ...
2018-06-22 07:02:29
Financial chance widen for equipment manufacturers [Finance]
The Korean government is expending financial support program nationwide. Choi Jong-Gu, Chairman at the Financial Services Commission (FSC) of Korea, commented in his visit at Panasia in Busan that the government will expand its financial suppo...
2018-06-22 07:01:51
Sungdong invites new owners [Shipbuilding]
Sungdong Shipbuilding & Marine Engineering began to take off the coat to find a new owner with global shipbuilding industry showing a gradual recovery. Sungdong announced on June 21 that Changwon District Court started its disposal procedu...
2018-06-22 07:01:08
Chaos warned for 2020 fuel market [Shipping]
An industry oldbie warned of a possible chaos in 2020 marine fuel market. Martin Tallett, the President of US energy consultant EnSys Energy & Systems commented in his recent interview that the fuel demand would be 2.3m barrels more than t...
2018-06-22 07:00:42
DSME ups tally of LNGC order haul to 10 [Shipbuilding]
Daewoo Shipbuilding & Marine Engineering has scored another LNG carrier newbuilding order from its largest repeat customer John Angelicoussis Group of Greece. The Korean shipbuilder has firmed up an LNG carrier contract with an Angelicouss...
2018-06-21 14:04:09
A.P. Møller - Mærsk appoints new CFO [Shipping]
Carolina Dybeck Happe will assume responsibility as Chief Financial Officer (CFO) of A.P. Møller - Mærsk A/S, effective no later than 1 January 2019. She comes from a position as CFO of ASSA ABLOY, the global leader in door opening solutions. ...
2018-06-21 07:08:27
MOL moves deeper into Subsea business [Shipping]
Mitsui O.S.K. Lines, Ltd. (MOL) announced that MOL and Mitsui & Co., Ltd. have entered into a share purchase agreement to acquire shares in AKOFS Offshore AS, which is owned by Akastor ASA. After in-kind contribution of the company of owne...
2018-06-21 07:08:03
ABB brings efficiency to newbuild Indian ferries [Equipment]
ABB signs contract with Cochin Shipyard Ltd, the largest shipbuilding and maintenance facility in India, to deliver a first-ever integrated power and automation package to an Indian shipowner. ABB’s contract with Cochin Shipyard Ltd covers t...
2018-06-21 07:07:41
Rowan jack-up fixed for Saudi Aramco contract [Offshore]
Rowan Companies plc announced on June 18, 2018 that the Bob Palmer, a Super Gorilla XL Class jack-up rig, has been leased to ARO Drilling, the Company's joint venture with Saudi Aramco, to fulfill a three-year contract that ARO Drilling has been ...
2018-06-21 07:07:21
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