I-Tech sets sights on large-scale production in Europe [Equipment]
To satisfy increasing customer demand for antifouling coatings including Selektope® in the marine market, Swedish bio-technology innovator I-Tech AB plans to evaluate an advanced European manufacturer of active pharmaceutical ingredients and int...
2018-07-11 07:19:55
KfW IPEX-Bank finances cruise ship for Carnival [Finance]
Financing for the world's largest leisure travel company, Carnival Corporation & plc: KfW IPEX-Bank is providing approximately EUR 786 million for the construction of a new cruise ship. KfW IPEX-Bank is handling the entire structuring of the ...
2018-07-11 07:19:14
Seadrill announces contract for West Capella [Offshore]
Seadrill Partners LLC ("SDLP" or "the Company") has secured a five well contract with the potential of several option wells with Sabah Shell Petroleum Limited for the West Capella in Malaysia. Backlog for the firm portion of the contract is ...
2018-07-11 07:17:51
BW is serious about Dorian [Shipping]
BW LPG Limited (“BW LPG”, the “Company”, OSE ticker code “BWLPG”) announced on July 9 that it has increased its all-stock proposal to combine with Dorian LPG Ltd. (“Dorian”) (NYSE: LPG), under which Dorian shareholders would recei...
2018-07-11 07:17:20
Sungdong workers call for revival plan [General]
A special commission on the protection of South Gyeongsang shipyard laborers' rights to live urged the management of Sungdong Shipbuilding & Marine Engineering to recant its layoff plan. The commission held a press conference on July 9 in ...
2018-07-11 07:12:07
HHI sees united labor union [General]
An united labor union has been emerged in Hyundai Heavy Industries (HHI), putting permanent employees, office workers and subcontractors together. This is the first time for Korean conglomerate to see integration of permanent labor union members ...
2018-07-11 07:11:32
Gunsan supports HHI & GM Korea partners [General]
Partner companies of Hyundai Heavy Industries (HHI) and GM Korea in Gunsan City, North Jeolla Province, Korea, where they have struggled against a backdrop of the suspension of HHI's shipyard, as well as the closure of GM Korea's factory, receive...
2018-07-11 07:10:47
Chinese yards rearranging debts [Finance]
China Ocean Industry Group, the parent group of Jiangxi Shipbuilding signed a debt restructuring deal with another Chinese yard, Zhejiang Ouhua Shipbuilding. Under the agreement, China Ocean Industry is transferring 40% shares in its fully sub...
2018-07-11 07:10:16
Lawmaker proposes Labor Standards Act revision [General]
A Korean lawmaker proposed a revision of the Labor Standards Act to relax overtime regulation in some industries. The proposed revision would make bypass 12-hour weekly overtime limit possible by ministerial approval and agreement of the labor...
2018-07-11 07:09:42
STX canceled LOI over RG problem [Finance]
It is understood that STX Offshore & Shipbuilding (STX O&S) got one of its signed LOIs canceled due to KDB’s refusal on RG. The industry heard the LOI canceled was for one 50,000-dwt MR with a Taiwanese operator Sincere Navigation. ...
2018-07-11 07:09:14
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