DSME CEO "Big 2 is more appropriate" [Shipbuilding]
Jung Sung-Leep, CEO of Daewoo Shipbuilding & Marine Engineering (DSME) recently commented that it would be more appropriate for Korean industry to reorganize itself into ‘Big2’ structure. At a press meeting on June 11, Jung stated that...
2018-06-12 07:18:29
"Korean yards to be revived" [Finance]
Industry experts at home and abroad forecast that Korean shipbuilding industry will be revived. Park Hong-Sik, Chief Investment Officer at Macquarie Investment Management Korea, has recently commented, "Both prices of ships and quantities of o...
2018-06-12 07:17:26
DSME labor joins KMWU [General]
The labor union of Daewoo Shipbuilding & Marine Engineering (DSME) joins the Korean Metal Workers' Union (KMWU). DSME labor union called for the yeas and nays during June 7-8, and 3,704 members (71.3%) of the union agreed to join the KMWU....
2018-06-12 07:16:43
New sulphur limits 2020, are we ready? [Shipping]
As to shipowners, either use the low sulphur fuel, install scrubbers or alternative fuels (e.g. LNG) is all but tough choice. What’s worse is the lack of effective communication amongst shipowners, refineries, fuel suppliers and so on but the s...
2018-06-11 07:35:59
IACS satisfied with association’s achievements [General]
In an industry undergoing rapid change, the IACS Chairman identified the need for classification societies and IACS itself to be adaptable and prepared for change, while staying true to the core purpose of classification. Mr Ørbeck-Nilssen ...
2018-06-11 07:35:10
DNV GL releases first cyber security class notations [General]
At the Posidonia trade fair on June 7, Classification society DNV GL announced the release of its first class notations to help shipowners and operators protect their assets from cyber security incidents. The new class notations – Cyber secure ...
2018-06-11 07:34:01
ClassNK releases Guidelines for Liquefied Gas Carrier Struct... [Shipbuilding]
Leading Classification Society ClassNK has released its Guidelines for Liquefied Gas Carrier Structures – Independent Prismatic Tanks. The Guidelines specify the technical requirements specifically related to the structural strength assessments...
2018-06-11 07:33:35
ABB Ability lands deal for nine heavy lift vessels [Equipment]
ABB has secured a series of contracts for nine heavy lift vessels transporting modules for the Tengiz oil field expansion by Tengizchevroil (TCO). OCTOPUS will enhance the safety and efficiency of the heavy-lift vessels carrying out the transport...
2018-06-11 07:33:04
Kongsberg provides next gen maritime simulators [Shipping]
The Athina Maritime Learning and Development Center, which has been recently established as the exclusive maritime training organization for Minerva Marine Inc. (a leading ship management company based in Athens), has signed an agreement with Kon...
2018-06-11 07:32:47
Inmarsat ties with Hellenic Space Agency [Equipment]
Inmarsat (LON: ISAT), the world’s leading provider of global mobile satellite communications, has signed a memorandum of understanding with the Hellenic Space Agency (HSA) to allow greater collaboration on research and potential technology deve...
2018-06-11 07:32:22
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