TOP Ships announces financing for newbuilding [Shipbuilding]
TOP Ships Inc. (the “Company”), an international owner and operator of modern, fuel efficient "ECO" tanker vessels currently focusing on the transportation of petroleum products, announced on July 2 that it entered into a sale and leaseback a...
2018-07-04 07:47:15
Seadrill announces emergence from Chapter 11 [Finance]
Seadrill Limited ("Seadrill" or the "Company") announces (the "Effective Date") that it has emerged from chapter 11 after successfully completing its reorganization pursuant to its chapter 11 plan of reorganization (the "Plan"). All conditions pr...
2018-07-04 07:45:06
Italy takes lead on SOLAS fire fighter radio specification [Shipping]
The Italian Ministry of Infrastructure and Transport has become the first national authority to publish specifications for new portable radios required under SOLAS Chapter II-2, Regulation 10.10.4 – ‘Fire Fighters Communication’. Coming int...
2018-07-04 07:43:54
"HHI worker fell by half" [General]
It is estimated that the number of laborers working for Hyundai Heavy Industries (HHI) has been decreased by almost half during last three and a half year. Around 33,000 workers left their job. Kim Jong-hoon, a member of the National Assembly ...
2018-07-04 07:41:12
Russia to build largest ever FSU [Offshore]
Russia is planning to build the largest-ever LNG FSU. According to TradeWinds and industry, inquiries already have been sent to yards for the 350,000-cbm FSU which will be deployed to the Kamchatka Peninsula. The FSU should be able to store...
2018-07-04 07:40:46
HHI axes offshore division [Offshore]
Hyundai Heavy Industries (HHI), after cutting one-third of executives in its offshore division, is reorganizing the division radically. It is said that eight design teams are now integrated into single offshore engineering & design team. T...
2018-07-04 07:40:04
HHIC-Phil delivers large boxship duo [Shipbuilding]
Hanjin Heavy Industries & Construction (HHIC) completed the construction of two large-sized containerships it won from an European shipowners three years ago, and delivered them. According to industrial sources, HHIC's Subic shipyard in th...
2018-07-04 07:39:37
Sungdong sees conflict over layoff issue [General]
Sungdong Shipbuilding & Marine Engineering sent an official document to its union labor for requiring opinion on the company's layoff target selection criteria, which is the third time following June 21 and 27. The company's criteria on la...
2018-07-04 07:39:00
Doosan to develop large offshore wind turbine [Offshore]
Doosan Heavy Industries & Construction announced on June 28 that it is selected as the lead agency of the development project for large-scale offshore turbine by the Korea Energy Technology Evaluation and Planning (KETEP). The KRW550bn pro...
2018-07-04 07:38:33
TS Lines exercises 1,100TEU options [Shipbuilding]
Taiwanese liner operator TS Lines has recently exercised its option for two feeder containerships at Japanese yard Kyokuyo Shipyard Corporation.  According to foreign press and broker industrial source, the two 1,000 teu vessels are slate...
2018-07-04 07:38:05
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