Wartsila provides cybersecurity advices [General]
Operators in the marine and energy industries face increasing demands when it comes to security throughout their product and service lifecycles. Digitalisation is taking over the marine and energy industries, building the importance of cyber secu...
2018-11-14 08:35:44
SHI under "investigation ex officio" by FTC [General]
Fair Trade Commission (FTC) of Korea started conducting "investigation ex officio" against Samsung Heavy Industries last week, following on Hyundai Heavy Industries last month, on suspicions of unjust subcontract deals. Kim Sang-jo, Chairman o...
2018-11-14 08:34:51
Foremost inks financing for two BC newbuildings [Finance]
Foremost Group, a US-based bulker company, has secured financing for its newbuilding duo. According to industry sources, the shipowner has succeeded in securing ship loan of around $41m from First Bank of Taiwan. The money goes to two 84,70...
2018-11-14 08:34:27
Fincantieri business performance on a roll [Shipbuilding]
Italy's shipbuilding group Fincantieri has announced its nine-month business results to September, 2018. Revenues grew by 8.5% y-o-y for the nine-month period to euro 3.88bn. EBITDA also increased by 7.3% to euro 281m with EBITDA margin at 7.3...
2018-11-14 08:33:57
HHI shuffles leadership in a follow-up [General]
Hyundai Heavy Industries (HHI) Group assigned its high profiles after the company selected co-presidents. The company appointed six new senior executive vice presidents, 23 senior executive directors, and 21 executive directors. The new leader...
2018-11-14 08:33:14
Technological flaws may drag scrubbers down [Equipment]
An analyst recent argued that scrubber’s technological flaws are not insignificant, and it might harm the value of the vessels. Park Moo-Hyun, a researcher at Korea's Hana Financial Investment, commented in his November 12 report that recent...
2018-11-14 08:22:21
Daesun scores another coastal ferry [Shipbuilding]
Daesun Shipbuilding & Engineering announced that it won a car ferry deal from Hanil Express. Hanil Express had ordered coastal car ferry back on November 25, 2016, at the yard, and the ship Silver Cloud is on a route between Wando and Jeju...
2018-11-14 08:21:44
HHI leadership pledged more orders [Shipbuilding]
Hyundai Heavy Industries (HHI) co-presidents Han Young-Seok and Ka Sam-Hyun pledged more orders in their inauguration speech. The presidents commented in the speech that to secure a flow of orders, the priority should be put in cost competitiv...
2018-11-14 08:21:14
KR participating in Kormarine Conference 2018 [General]
Kormarine Conference 2018 takes place in Busan from November 20 to 21. Kormarine Conference 2018 is held by the Ministry of Trade, Industry and Energy and Busan Metropolitan City, and arranged by the Korea Marine Equipment Association (KOMEA)....
2018-11-14 08:20:44
Wan Hai Lines Confirmed Orders For 20 New Vessels [Shipbuilding]
As part of the company’s fleet improvement plan, Wan Hai Lines has confirmed an order of 20 container vessels with JMU (Japan Marine United Corporation) and GWS (Guangzhou Wenchong Shipyard Co., Ltd) / CSTC (China Shipbuilding Trading Company, ...
2018-11-13 13:16:00
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