Discussion held on Korean shipbuilding industry [General]
The Ministry of Trade, Industry and Energy (MOTIE) of Korea had a round-table talk on March 14 at Busan Ilbo Buiding, Busan Metropolitan City, Korea, to discuss development and cultivating human resource in Korean shipbuilding and offshore indust...
2019-03-20 08:19:53
DSME-Inha Univ. make technology cooperation [Equipment]
Daewoo Shipbuilding & Marine Engineering (DSME) and Inha University had an agreement ceremony on March 18 at its R&D center, Siheung City, Gyeonggi Province, Korea, for establishing an industry-academics research center for high technolog...
2019-03-20 08:19:02
BW purchases majority stake in Epic Gas [General]
BW Group has purchased 38,548,329 shares in Epic Gas from key shareholders of Epic Gas representing 54.7% of the issued shares (the "Share Purchase"), and launches its unconditional tender offer to acquire the remaining shares (the "Offer) for a ...
2019-03-19 16:36:58
K-sure signed cooperative agreement with Pertamina [General]
The Korea Trade Insurance Corporation (K-sure) signed a cooperative agreement with Pertamina, the Indonesian state-run oil company. The agreement is arranged for K-sure to devise financial support regarding Pertamina’s projects in a conditio...
2019-03-19 16:31:35
Moon requested "DSME employment security" [Shipbuilding]
President Moon Jae-in said on March 19 that his government “should take certain measures to prevent employment insecurities due to the acquisition of Daewoo Shipbuilding & Marine Engineering (DSME) by HHI (Hyundai Heavy Industries).” A...
2019-03-19 15:35:31
Chairman Lee visited HHIC Yeongdo yard [Shipbuilding]
KDB Chairman Lee Dong-geol visited Hanjin Heavy Industries and Construction (HHIC) Yeongdo shipyard to encourage staffs. Chairman Lee visited the yard on March 18, after the debt-equity swap for HHIC is confirmed early in this month, which wou...
2019-03-19 15:18:49
First two months let down HHI Group trio [Shipbuilding]
Data say the accumulated revenue of HHI (Hyundai Heavy Industries) triplets by February increased year-on-year, while the total order intake was taking slow paces. HHI’s accumulated revenue by February reached around KRW1.198trn, which is a ...
2019-03-19 15:03:29
KDB Chairman describes HHI-DSME double "win-win" [Shipbuilding]
KDB Chairman described the acquisition of Daewoo Shipbuilding & Marine Engineering (DSME) by HHI (Hyundai Heavy Industries) a “win-win-win-win,” revealing the due diligence schedule. Lee stated such a novel term at a press conference i...
2019-03-19 14:30:08
Stena bulk to install scrubbers on 16 tankers [Equipment]
Stena Bulk has made a major investment in scrubbers and before January 2020 16 units will be installed. 10 IMOIIMAXes, 5 Suezmaxes and one of standard MR will be equipped with the after-treatment system. The total investment is worth 55 MUSD, inc...
2019-03-19 11:07:05
Navig8 signs S&LB agreements with ICBC FL [Finance]
Navig8 Chemical Tankers Inc. (the “Company”) (N-OTC: CHEMS), an international shipping company focused on the transportation of chemicals, today announced that it has entered into sale and leaseback agreements with ICBC Financial Leasing Co.,...
2019-03-19 10:45:28
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