DSME hires new recruits in four years [General]
Daewoo Shipbuilding & Marine Engineering (DSME) hires new employees for the first time in four years. During a press meeting held on June 11 at DSME's office building in Da-dong, Seoul, Korea, CEO Jung Sung-Leep noted, "The situation is st...
2018-06-14 07:27:20
Macquarie pushes 1GW OWF in Korea [Offshore]
An Australian investment bank Macquarie Group is planning to make a huge investment for a floating offshore wind farm venture in Korea. Recently, a Korean outfit Gyeongbuk Floating Offshore Wind Power and Macquarie Group signed an MOU for a pr...
2018-06-14 07:26:20
'SMM advance press conference' held [Shipbuilding]
Hamburg Messe und Congress (HMC), a legal entity owned by the city Hamburg, had the SMM advance press conference (International Advance Conference) on May 25 at the Westin Hamburg, Hamburg, Germany, for dozens of journalists from the world's lead...
2018-06-14 07:25:50
Korea took lion’s share in May [Shipbuilding]
Korean shipbuilding industry took the largest part of global orders in May. According to Clarkson Research, Korean yards took 550,000-cgt (15 units) among the global total of 1m cgt (35 units), taking a log lead on China’s 250,000-cgt (13 un...
2018-06-14 07:25:12
SHI wins MR quintet for Japan [Shipbuilding]
Samsung Heavy Industries (SHI) seems to have won five MR tankers from Mitsui & Co of Japan. According to foreign presses and industrial sources, the Japanese company placed an order at SHI for five 50,000 dwt tankers based on a long-term c...
2018-06-14 07:24:39
Exchange rate hits industry hard [Shipbuilding]
Clarkson newbuilding price index is at the 128pt level now, showing 2.4% increase from the beginning of the year. Capesize bulker (8.0%) and VLCC (7.4%) led the growth, and boxship also showed 3.7% markup. However, the industry seems not so ha...
2018-06-14 07:24:10
FESDEC, TGS, KMS close to AiP [Shipbuilding]
FESDEC(Far East Ship Design & Engineering) and TGS(Trans Gas Solution) in collaboration with KMS(Korea Maritime Services) have acquired the 2nd phase of Approval in Principle(AiP) from DNV GL, a global leading class society within the gas fue...
2018-06-12 07:30:53
MAN 28/33D STC Engine Successfully Passes TAT [Equipment]
MAN Diesel & Turbo`s MAN 28/33D STC engine passed its Type Approval Test (TAT) at the end of April 2018 at the company’s works in Augsburg, Germany. The TAT was supervised by classification-society representatives from the China Classifi...
2018-06-12 07:27:43
DNV GL announces new emission reduction notation [Shipping]
As the shipping industry continues its push to reduce emissions to air, classification society DNV GL announced a new class notation for exhaust gas cleaning systems (EGCS). The new notation, Emission reduction (ER), will cover not only scrub...
2018-06-12 07:27:19
Sembcorp buys Sevan Marine IP [Offshore]
Sembcorp Marine Ltd (the “Company”) announced on June 8 that its wholly-owned subsidiary, Sembcorp Marine Integrated Yard Pte. Ltd. (“SMIY”), has entered into a sale and purchase agreement (“SPA”) with Norway’s Sevan Marine ASA (“...
2018-06-12 07:26:30
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