Korea reveals shipbuilding support plan in Nov [Shipbuilding]
Sung Yun-mo, Minister of Trade, Industry and Energy of Korea, has recently noted that he will reveal countermeasures to vitalize his struggling compatriot auto-component and shipbuilding industries within November this year.  He said duri...
2018-11-02 08:41:05
"HHI may exceed expectation this year" [Shipbuilding]
Hyundai Heavy Industries (HHI) announced that the company might exceed yearly order intake expectation, citing its excellent results in Q3 thanks to LNGC demand growth. In a Q3 result conference call on October 31, HHI stated that its shipbuil...
2018-11-02 08:40:28
HMD logged KRW21.5bn profit in Q3 [Shipbuilding]
Hyundai Mipo Dockyard (HMD) announced on October 31 through a regulatory filing that it logged KRW582.2bn of revenue and KRW21.5bn of operating profit in Q3 this year. Revenue showed yoy 12.4% growth while operating profit got yoy 60% decrease. ...
2018-11-02 08:40:01
SHI revised yearly result prediction [Shipbuilding]
Samsung Heavy Industries (SHI) put up a regulatory filing containing revised 2018 result prediction, as its accumulated operating loss (KRW275.6bn) already exceeded its prediction, KRW240bn. The revised loss prediction went all the way up to K...
2018-11-02 08:39:30
ODL won more work for Deepsea Bergen [Offshore]
Odfjell Drilling has signed a Letter of Intent for Deepsea Bergen with MOL Norge for one exploration well in direct continuation of the contract with OMV Norge, estimated to expire in Q3/Q4 2019. The estimated duration is approximately 50 days...
2018-11-01 08:34:30
ST Engineering saw good 3Q for marine business [General]
ST Engineering announced that its Marine sector secured in the third quarter (3Q) of 2018 about S$431m worth of contracts including options for its shipbuilding business, as well as the ship and rig repair segments for progressive deliveries at i...
2018-11-01 08:33:28
Deltamarin to design new cruise ship [Shipbuilding]
Deltamarin and Elomatic, both from Turku Finland, have signed a significant agreement with MV WERFTEN Wismar GmbH for the basic and detail design of a second Global class cruise ship. The value of the contract is approximately €16.5M for Deltam...
2018-11-01 08:31:48
OWF cable market will grow to billion market [Offshore]
RenewableUK has published a report highlighting opportunities for UK companies to secure multi-million pound contracts in the fast-growing global market for manufacturing and installing offshore wind cables. The report is being published ahead of...
2018-11-01 08:31:13
MacGregor signs LOI on strategic cooperation with CSSC [General]
MacGregor and China State Shipbuilding Corporation (CSSC) have signed a Letter of Intent (LOI) on strategic cooperation. The LOI was signed on 29 October, 2018 at an executive level meeting in Beijing led by Lei Fanpei, the CSSC Chairman and Mich...
2018-11-01 08:28:42
Universal Foundation won suction installation [Offshore]
Universal Foundation has entered into a contract with the Dutch marine contractor Van Oord. Under the contract Universal Foundation will provide services to Van Oord to support the installation of two Mono Bucket foundations at the Deutsche Bucht...
2018-11-01 08:27:57
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