Test of new HiMSEN engine succeeded [Equipment]
The factory acceptance test of the third 'HiMSEN' engine (H22CDF) Hyundai Heavy Industries (HHI) developed last 2017 completed successfully in the middle of February. The two dual-fuel 1,500 horse-power engines will be installed in an LNG-fuel...
2019-02-27 08:29:48
Korean shipbuilders issue corporate bonds [Finance]
Korean mammoth shipbuilders Hyundai Heavy Industries (HHI) and Samsung Heavy Industries (SHI) have recently issued corporate bonds via private placement.  According to Korean financial market sources, HHI issued company stocks worth KRW 1...
2019-02-27 08:29:19
SIASUN's welding robot operated in CSSC [Shipbuilding]
SIASUN, the largest industrial robot company in China, and two shipyards of its compatriot China State Shipbuilding Corp (CSSC) have agreed to join hands for the smart upgrade of domestic ship business, with welding robot sector as the center. Th...
2019-02-27 08:28:49
Japan to suggest controls on ship speed [Shipping]
The Ministry of Land, Infrastructure, Transportation and Tourism (MLIT) of Japan plans to make a proposal for the introduction of controls on ship speed and output, with the goal of achieving 40% carbon emissions reduction in global shipping indu...
2019-02-27 08:28:24
Rotterdam witnessing growing attraction on LNG fuel [Shipping]
Europe’s largest bunkering hub Port of Rotterdam is witnessing a decreasing appetite for bunker oil and increasing demand for LNG fuel at the same time. The Port of Rotterdam Authority recently revealed a statistics, which says its marine bu...
2019-02-26 15:46:44
SHI expecting FPSO orders [Offshore]
Samsung Heavy Industries (SHI), who already has stacked six LNG carriers in the orderbook, is expecting to net up to three contracts in the offshore segment this year. Currently, SHI is teaming with TechnipFMC for Barossa FPSO project. The con...
2019-02-26 15:01:37
Signing ceremony held for HHI’s wage agreement [Photo News]
The labor and the management of Hyundai Heavy Industries (HHI) jointly held a signing ceremony for the 2018 collective wage agreement on February 25. HHI Co-CEO Han Young-Seok and union Chairman Park Geun-tae attended the ceremony. Writing...
2019-02-26 14:24:57
Signing ceremony held for HHI’s wage agreement [General]
The labor and the management of Hyundai Heavy Industries (HHI) jointly held a signing ceremony for the 2018 collective wage agreement on February 25. HHI Co-CEO Han Young-Seok and union Chairman Park Geun-tae attended the ceremony. The labor a...
2019-02-26 14:24:29
KSS Shipping mulling on new LPG carrier [Shipbuilding]
KSS Shipping announced on February 22 that the company and PT Parna Raya of Indonesia have signed a contract for ammonia shipping worth a total of KRW12.3bn. The contract period lasts a year since April 2019. It is said that the agreed rate is...
2019-02-26 13:40:49
McDermott awarded EPCI contracts from Saudi Aramco [Offshore]
On February 25, McDermott International, Inc. (NYSE: MDR) announced a large (USD $50m-250m) contract award from Saudi Aramco for engineering, procurement, construction and installation (EPCI) services in the Marjan field, offshore Saudi Arabia. ...
2019-02-26 12:08:12
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