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Sovcomflot advances green shipping along NSR
[Shipping]
Two large-capacity Sovcomflot tankers using cleaner-burning LNG as a primary fuel, Mendeleev Prospect and Lomonosov Prospect, have successfully completed voyages eastbound along the Northern Sea Route (NSR). Lomonosov Prospect has reached Cape...
2019-10-25 08:42:39
Pacific Gas chooses Inmarsat’s Fleet Xpress
[Equipment]
The largest Liquid Ethylene Gas (LEG) ship owner in China has agreed a commitment to install Fleet Xpress connectivity from Inmarsat, the world leader in global, mobile satellite communications on all its vessels. This will also include Inmarsat...
2019-10-25 08:41:41
1st 'Busan offshore finance seminar' to be held
[Finance]
Korea Maritime & Ocean University (KMOU) is to hold the 1st 'Busan offshore finance seminar' on October 25 at Kamcomaru Hall, Busan International Finance Center (BIFC), Busan Metropolitan City, Korea, together with the Korea Maritime Institut...
2019-10-25 08:38:34
Hyundai Electric scores new deal from Aramco
[Equipment]
Hyundai Electric & Energy Systems, the electric systems unit of Hyundai Heavy Industries (HHI) Group, has recently announced that the Korean company entered into an agreement with Saudi Arabian Oil Company (Saudi Aramco) for supplying power t...
2019-10-25 08:38:07
DSME localizes shaft generator motor
[Equipment]
Daewoo Shipbuilding & Marine Engineering (DSME) announced on October 24 that the Korean shipbuilding giant has completed the localization of shaft generator motor (GSM) system, before signing a memorandum of understanding (MOU) with its compa...
2019-10-25 08:37:42
POSCO carried "a slight markup"
[Shipbuilding]
POSCO stated that the negotiation with compatriot shipbuilders ended up in a ‘slight price markup.’ A company official said in Q3 earnings call on October 24 that while it couldn’t reflect increased material price in 1H, the company mana...
2019-10-25 08:37:15
HSHI draws 2019 collective agreement
[General]
The labor and management of Hyundai Samho Heavy Industries (HSHI) have finished this year's collective agreement. The Korean shipbuilder noted, "During a labor union meeting held on October 24, we passed a tentative agreement that was ma...
2019-10-25 08:36:45
KOMEA set office in Greece
[Equipment]
The Korea Marine Equipment Association (KOMEA) opened an overseas office in Greece on October 16. This is the Association’s fourth overseas office following, Singapore, China, and Russia. The Greek office is located in the middle of the ‘ship...
2019-10-24 16:06:02
KR holds symposium for 'hydrogen port'
[Shipping]
The Korean Register of Shipping (KR) announced that it has organized a ‘policy symposium for the development of hydrogen energy port’ on October 23 at Bexco, Busan The symposium is a part of Kormarine 2019, and arranged to discuss way...
2019-10-24 15:29:03
HHI union opens 4-hour strike
[General]
HHI (Hyundai Heavy Industries) branch of the Korean Metal Workers' Union (KMWU) goes out on 4-hour strike on October 23. The union started the strike from 1:00 pm in front of union office at Ulsan. The union stated: “for around six months...
2019-10-24 14:49:10
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