£3.4m funding for world’s most powerful tidal turbine [Offshore]
Scottish Government funding of £3.4 million has been awarded to help build the world’s most powerful floating tidal turbine. Scottish engineering company Orbital Marine Power (Orbital) has been awarded the money as the first recipient of th...
2019-08-29 08:41:25
Silverstream system found employment in China [Equipment]
Silverstream Technologies, the leading air lubrication manufacturer for the shipping industry, announced the signing of a Memorandum of Understanding (MoU) with leading shipbuilding group, Hudong-Zhonghua, part of the CSSC Group. The MoU will see...
2019-08-29 08:40:31
"FLNG market might reach $17.5bn by 2026" [Shipbuilding]
A prediction came out that the market size of FLNG (LNG FPSO, FSRU) could reach $17.5bn by 2026.   India and US-based research firm Acumen Research and Consulting said in its recent report that FLNG market would record around 5.2% of CAGR ...
2019-08-29 08:24:17
Spliethoff orders seven LNG-fueled vessels [Shipbuilding]
While it is said that Spliethoff Group-affiliated Bore ordered three LNG-fueled vessels from Wuhu Shipyard, the newbuild trio enters a charter contract signed between Spliethoff and UPM. Also, it seems that additional four vessels have been order...
2019-08-29 08:23:37
Fincantieri nets $7.3bn NBs in 1H [Shipbuilding]
Italy's state-controlled shipbuilding group Fincantieri won newbuilds worth EUR 6.6bn (about $7.3bn), a historic level for the company, for the first half of 2019, although there were no orders awarded for offshore support vessel (OSV). &nbs...
2019-08-29 08:23:00
Unemployment rate down in two Korean cities [General]
The unemployment rate in Geoje City and Tongyeong City, South Gyeongsang Province, Korea, turns out to have improved a little after rising sharply amid a severe slump in shipbuilding industry.  Among 77 cities in Korea, according to data ...
2019-08-29 08:22:36
HHI mulling on a perfect 'timing' [Shipbuilding]
Hyundai Heavy Industries (HHI) Group is mulling on the timing to submit the request of corporate combination approval to competition authorities.   The Group fixed five authorities it will take the examination at Korea, EU, China, Japan, a...
2019-08-28 16:22:25
Samkang won overseas offshore wind foundations [Offshore]
Samkang M&T is pushing its boundary into the global offshore wind market.    The company announced on August 26 that it signed a contract worth around KRW102.4bn ($85m) with BLADT Industries of Denmark for the construction of jack...
2019-08-28 15:12:49
KDB denies STX returning on the stall [Shipbuilding]
KDB denied a market rumor saying that STX Offshore & Shipbuilding (STX O&S) will pursue another round of finding an owner.   KDB clarified that it is currently not poised to sell STX. However, Korean media ‘The Bell’ reported t...
2019-08-28 14:26:02
HHI wins two golds at WorldSkills Competition [General]
Hyundai Heavy Industries (HHI) announced on August 28 that it clinched two gold, and one bronze medals at the biennial 45th WorldSkills Competition.  In the six-day (August 22-27) competition held in Kazan, Russia, Shin Dong-min, 20, and ...
2019-08-28 14:11:32
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