Korval localizes cryogenic valves [Equipment]
A Korean control valve manufacturer Korval announced the successful localization of cryogenic valve products. Until recently Korean industry has been dependent on imports for FSRU-LNG high-pressure low-thermal control valves (900#-16”). Now ...
2018-12-11 08:33:07
HESI to build offshore wind turbine ship [Shipbuilding]
Hyundai Engineering & Steel Industries (HESI) is funded with over KRW10bn from the Ministry of Trade, Industry and Energy (MOTIE) of Korea to build Korea’s first wind turbine installation vessel. MOTIE selected the company as the project be...
2018-12-11 08:32:10
FSL signs LOI for two LR2 ships [Shipbuilding]
A Singapore operator FSL Trust Management, which was reported to raise up to SGD43.03m (around USD31.3m) by issuing new stocks, is ordering two LR2 tankers. According to TradeWinds and the industry, FSL (First Ship Lease) Trust has signed LOI ...
2018-12-11 08:31:43
Nakilat to build an LNG-powered fleet [Shipbuilding]
Qatar's LNG carrier owner giant Nakilat is poised to convert its entire membrane LNG carrier fleet into LNG-fueled. TradeWinds and industry sources reported that the company is in discussion with MAN Energy Solutions for conversion of a total ...
2018-12-11 08:31:04
Bill sponsored for hydrogen-fueled ship [Shipbuilding]
Yun Jun-ho, member of the ruling Democratic Party of Korea, tabled a bill that aims to promote the development and supply of hydrogen-fueled ships on December 7. The bill calls on ▲ the Minister of Trade, Industry and Energy to work out a ge...
2018-12-11 08:30:36
HCE forms future construction platform [General]
Hyundai Construction Equipment (HCE) announced on December 10 that the Korean construction conglomerate has signed a memorandum of understanding (MOU) with its compatriot telecommunication giant SK Telecom (SKT) and global geospatial expert Trimb...
2018-12-11 08:29:35
Korea poised to top in 2018 NB orders [Shipbuilding]
Korean shipbuilding industry has been awarded newbuildings of 10.90m cgt for the 11 months to November 30, 2018, extending its lead over No. 2 Chinese shipyards to over 2m cgt. which is poised to reclaim the top new order spot in seven years.&nbs...
2018-12-11 08:28:29
Korean special steel approved by IMO [Equipment]
The Ministry of Oceans and Fisheries (MOF) has recently announced that the 'technical standard on the use of high manganese steel for LNG fuel tank' was approved through the 100th session of the IMO's Maritime Safety Committee (MSC), which was he...
2018-12-11 08:27:52
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