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
Scorpio announces Sale and Leaseback for seven [General]
Scorpio Bulkers Inc. (NYSE:SALT) (“Scorpio Bulkers,” or the “Company”) announced today that it has agreed to sell and leaseback three Ultramax vessels (SBI Pegasus, SBI Subaru and SBI Ursa) and four Kamsarmax vessels (SBI Lambada, SBI Mac...
2019-03-19 10:11:02
Nippon Paint Maine reports revenue growth [Equipment]
Nippon Paint Maine (Europe) has reported a 35% increase in consolidated sales as it looks to strengthen its position with new marine coating products and expansion into new geographical areas and market sectors. Since it was established in 201...
2019-03-19 08:36:43
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