HHI·HMD see upturn in revenue [Shipbuilding]
Hyundai Heavy Industries (HHI) has recently announced through a regulatory filing that its provisional revenue for October reaches KRW 702.4bn (about $621.6m), up by 16.5% year-on-year. Its accumulated revenue at the end of October was KRW 6.5296...
2018-11-22 08:35:59
Huanghai wins one Ro-Pax ferry [Shipbuilding]
Weihai-based Huanghai Shipbuilding has been awarded one Ro-Pax ferry (car and passenger ferry) by its compatriot Weihai Haida.  According to foreign media outlet and industrial source, the 37,000 gt car ferry newbuild, which is capable of...
2018-11-22 08:35:32
Moon pledges supports for shipbuilders [Shipbuilding]
Speaking at a Cabinet meeting on November 20, Korean President Moon Jae-In praised increased business performance of domestic manufacturing industries such as shipbuilding and automobile, noting, "As the saying goes, 'You can only row when there ...
2018-11-22 08:35:06
"Favorable conditions set up for Korea" [Shipbuilding]
Korean shipbuilders are forecasted to continue their upturn in new order sales in 2019 amid favorable conditions for them including expanding LNG carrier market. Hyundai Research Institute (HRI) has recently released a report expecting Korean ...
2018-11-22 08:34:40
SHI secures advanced coating technology [Equipment]
Samsung Heavy Industries (SHI) announced on November 21 that Solvent Free Coating (SFC), a technology the Korean shipbuilding heavyweight developed together with Jotun, a Norwegian chemicals company dealing in decorative paints and performance co...
2018-11-22 08:34:13
KCC declared option for combi carrier [Shipbuilding]
Klaveness Combination Carriers (“KCC”) has declared an option for the construction of a sixth combination carrier, CLEANBU, with Jiangsu New Yangzi Shipbuilding Co., Ltd in China. The delivery date is scheduled for fourth quarter 2020. The co...
2018-11-21 08:52:26
Keppel announced contract cancellation [General]
Keppel Corporation Limited (“KCL”) informed that Keppel FELS Limited (“Keppel FELS”), a wholly-owned subsidiary of Keppel Offshore & Marine Ltd (“KOM”), has entered into a settlement agreement with a global oil and gas services co...
2018-11-21 08:51:59
Pacific Drilling emerges from chapter 11 [Offshore]
Pacific Drilling S.A. (OTC: PACDQ) (the “Company”) announced that effective today the Company and certain of its affiliated chapter 11 debtors have emerged from bankruptcy after successfully completing restructuring transactions pursuant to t...
2018-11-21 08:51:29
VIKING's new lifeboat tested [Equipment]
Rough seas with wave heights up to 50% above the stipulated heavy weather testing requirements proved no obstacle for VIKING’s innovative LifeCraft™ system, paving the way for cruise ship operators worldwide to benefit from all the advantages...
2018-11-21 08:51:00
A Strategic Partnership for C-Job and Glosten [General]
Two leading naval architecture firms, Glosten and C-Job Naval Architects, announce a strategic partnership to create more value for their respective clients.  Executives from the two firms met recently at Glosten’s newly opened East Coast ...
2018-11-21 08:50:33
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