HHIH turns into deficit in 1Q [General]
Hyundai Heavy Industries Holdings Co., Ltd. (HHIH) announced on April 29 through a regulatory filing its performance in the first quarter of 2020.  Its sale is KRW 5trn 716.3bn, and operating loss is KRW 487.2bn in the first quarter of 20...
2020-05-06 09:08:31
BMEA seeks solution for marine equipment industry [Equipment]
A discussion on the crisis and solution of traditional manufacturing such as shipbuilding and automobiles was held at the Busan city council on April 28. The main theme is the recovery of the local economy, which has been dampened by the COVID-19...
2020-05-06 09:07:24
NOVATEK's subsidiary registered license number [General]
NOVATEK announced on April 28 that Arctic LNG 1, a wholly owned subsidiary, registered license number SLH 16637 NR for geological survey, exploration and production at the Bukharinskiy subsoil license area on the Gydan Peninsula. The license area...
2020-05-04 09:37:06
SCHOTTEL supplies a range of propulsion systems [Equipment]
SCHOTTEL recently announced that French shipping company Louis Dreyfus Armateurs has selected SCHOTTEL to supply a range of propulsion systems for its second wind farm service operation vessel (SOV) the "Wind of Hope", the sister vessel of the "W...
2020-05-04 09:33:35
Meyer Turku starts negotiations about temporary layoffs [General]
Meyer Turku announced on April 28 that Turku shipyard has started YT-negotiations about temporary layoffs in the middle of March. Since then, the corona virus pandemic influenced market situation of the shipyard’s customers’ is coming visible...
2020-05-04 09:30:55
Maersk hands over refrigerated containers to South Africa [Shipping]
To offset the scarcity of reefer containers in South Africa ahead of this citrus season and to support the nation’s agricultural sector, Maersk, the world’s largest integrated container logistics company, announced on April 28 that it has bro...
2020-05-04 09:26:12
ADNOC and ADPower launch joint tender [General]
The Abu Dhabi National Oil Company (ADNOC) and Abu Dhabi Power Corporation (ADPower) jointly announced on April 27 that it has issued a joint tender for a first-of-its-kind project in the Middle East & North Africa (MENA) region. The joint te...
2020-05-04 09:22:10
ABS launches comprehensive guidance [General]
ABS announced on April 26 that it has launched comprehensive guidance on sanitizing and decontaminating marine and offshore assets exposed to COVID-19. Response Measures to COVID-19 for the Marine and Offshore Industries provides best practice...
2020-05-04 09:17:53
BMT reveals autonomous ship hull [Shipbuilding]
Global multidisciplinary engineering company BMT has revealed a new ship hull designed for long-distance autonomous operation.  According to industrial source and foreign media outlet, the 'Pentamaran', which will provide multiple applica...
2020-05-04 09:14:47
US helps small-sized shipbuilders [Finance]
The U.S. Department of Transportation's Maritime Administration (MARAD) announced on April 20 that it subsidised its compatriot small-sized shipyards through a grant program. Under the 'Small Shipyard Grant Program', the MARAD provided 24 smal...
2020-05-04 09:13:49
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