GMEA to establish two equipment complexes [Equipment]
A complex for the collaboration of shipbuilding and offshore equipment providers is to be established in Gyeongsangnam-do Province, a hub of Korean shipbuilding industry.  With the goal of raising international competitiveness and achievi...
2019-10-30 08:26:47
"Profitability improved from LNGC order sales" [Shipbuilding]
At a 3Q conference call held on October 28, Korea Shipbuilding & Offshore Engineering (KSOE) noted that LNG carriers and LNG dual-fuel (DF) vessels could improve its new order intakes. The Korean conglomerate noted, "Hyundai Heavy Industri...
2019-10-30 08:25:52
Next naval architects recognized by SNAK [Shipbuilding]
Inha Technical College announced that its students at the Department of Naval Architecture and Ocean Engineering won prizes in the ‘student contest for ship design’ organized by the Society of Naval architects of Korea (SNAK). Award ceremony ...
2019-10-29 16:20:34
Government ships changing colors to 'green' [Shipbuilding]
The Ministry of Oceans and Fisheries (MOF) of Korea is to unveil the plan to replace around 140 government ships with a more environmentally friendly fleet by 2030. The plan is arranged to preemptively respond to the changing global emission r...
2019-10-29 15:53:15
Wartsila keep frowning face in Q3 [Equipment]
On October 25, tech company Wartsila released its Q3 results. The company’s Q3 order intake shrank by yoy 29% at EUR979m, and net revenue also logged yoy 16% decrease at EUR1.118bn. The company’s accumulated order intake during the three q...
2019-10-29 14:58:47
HHI-DSME merger passed the first hurdle [General]
Hyundai Heavy Industries (HHI) Group has garnered a merger approval from the authority in Kazakhstan. The Group stated on October 29 that the competition authority of Kazakhstan approved the merger between the Group and Daewoo Shipbuilding &am...
2019-10-29 14:26:01
K Line orders woodchip carrier for voyage contract [Shipping]
Kawasaki Kisen Kaisha, Ltd. (hereinafter “K” LINE) announced that an agreement is to be made with Nippon Paper Industries Co. Ltd., on consecutive voyage contract of new 3.6 million CFT woodchip carrier delivered in 2022. She will be in dedic...
2019-10-29 10:23:49
Hempel joins Getting to Zero Coalition [Equipment]
Global coatings supplier Hempel announced on 24 October that it has joined the Get-ting to Zero Coalition, a multi-stakeholder group that aims to see the introduction of commercially viable zero emission shipping vessels by 2030. In 2018, th...
2019-10-29 09:01:13
Offshore wind to become a $1 trillion industry [Offshore]
Offshore wind power will expand impressively over the next two decades, boosting efforts to decarbonise energy systems and reduce air pollution as it becomes a growing part of electricity supply, according to an International Energy Agency report...
2019-10-29 08:59:47
Viking Supply co-invests in new vessels [Offshore]
Viking Supply Ships AB (“the Group”) has in partnership with funds managed by Borealis Maritime entered into a contract to purchase two vessels currently under construction. In addition to the partial ownership, the Group has been awarded ful...
2019-10-29 08:58:04
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