DNV GL hosted KTC meeting [General]
DNV GL hosted the Korea Technical Committee (KTC) meeting in Busan on October 27. The Committee, chaired by Mr. Yun Sik Lee, Senior Executive Vice President of Hyundai Heavy Industries, consists of executives from the design and technical depa...
2017-11-03 07:13:11
HHLA Looking Forward to ITS World Congress [Shipping]
Angela Titzrath, Chairwoman of the Executive Board of Hamburger Hafen und Logistik AG (HHLA), praised the decision, announced on October 31 that Hamburg will host the World Congress for Intelligent Transport Systems (ITS) in October 2021 as “a ...
2017-11-03 07:12:51
China needs 45 additional VLCCs to support growth [Shipbuilding]
On October 31, Baltic and International Maritime Council (BIMCO) published a report regarding Chinese crude oil demands. It relates that in 2019, global oil demand is forecast to pass the symbolic 100 million barrels per day threshold (Internatio...
2017-11-03 07:11:23
McDermott won multiple engineering orders [Offshore]
On November 1, McDermott announced that it won multiple offshore engineering orders in the global market.  First, It announced that a letter of award for a contract for the engineering, procurement, construction and installation (EPCI) se...
2017-11-03 07:10:55
Rosneft-NIOC sign strategic cooperation agreement [General]
Rosneft announced on November 1 that during the visit of the Russian President Vladimir Putin to the Islamic Republic of Iran Rosneft Oil Company and National Iranian Oil Company signed the “Road Map and Key Terms of Strategic Cooperation in th...
2017-11-03 07:10:27
Taizhou won arbitration against Precious [General]
A legal dispute between Taizhou Sanfu Ship Engineering of China and Precious Shipping of Thailand on ‘the excessive fuel consumption of new ultramax bulkers’ ended as a victory of the shipbuilder. “The Tribunal ruled against us,” state...
2017-11-03 07:10:09
HHI union selects hardliner [General]
Korean Metal Workers’ Union (KMWU)’s Hyundai Heavy Industries (HHI) branch elected Park Geun-Tae as its new President, one who has been considered a ‘hardliner,’ through the election on October 31. On the election, Park won 6,908 votes...
2017-11-03 07:09:48
HHI launches new LST [Shipbuilding]
On November 2, Hyundai Heavy Industries (HHI) launched ROK Navy’s 4th Cheon Wang Bong-class LST, ROKS No Jeok Bong at its Ulsan HQ. At the launching ceremony, top executives and admirals presented. With landing operations its main operati...
2017-11-03 07:09:26
HHI ship division goes into red ink in Q3 [Shipbuilding]
Hyundai Heavy Industries (HHI) recently announced its shipbuilding division is entering the red in Q3. Choi Gwang-Sik, an analyst at Hi Investment & Securities said on November 1 that “HHI’s Q3 result largely corresponds to the consens...
2017-11-03 07:09:06
Global PC orderbook hits historic lows [Shipbuilding]
Even though newbuilding ordering activity firmed up in product carrier (PC) sector for the first nine months of 2017, the orderbook has fallen to historic lows. According to Pireas-headquartered Capital Product Partners L.P., global shipyards'...
2017-11-03 07:08:45
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