HHI labor-management strike tentative agreement [Shipbuilding]
Hyundai Heavy Industries (HHI) union and management, two parties who could not have closed wage negotiations for two years, made a tentative agreement for 2016 and 2017’s wage after a year and seven months since May 2016, when they begin negoti...
2018-01-02 15:01:55
FLEX LNG signs contract for first LNGC newbuilding [Shipbuilding]
FLEX LNG LTD (FLEX LNG or the Company) (OSE:FLNG) announced on December 28, 2017 that it has entered into a time-charter contract for the LNG carrier newbuilding, FLEX ENDEAVOUR, to Uniper Global Commodities ("Uniper"), a leading international en...
2018-01-02 07:26:16
Austal’s fifth vessel for French Polynesia [Shipbuilding]
Austal Limited (ASX:ASB) announced on December 28, 2017 that long-standing client and French Polynesia’s leading commercial ferry operator, SNC Aremiti (part of the Groupe Degage), has awarded a AU$30 million contract to Austal to design and bu...
2018-01-02 07:24:46
Two major players in Taiwan floating wind power [Offshore]
EOLFI, a French developer specialised in floating wind projects, and Cobra Concesiones, a Spanish industrial company wholly-owned by ACS, recently announced that they have formed a partnership in Taiwan: on December 21, 2017, Cobra Concesiones fi...
2018-01-02 07:23:17
10 MW wave energy park to Bali [Offshore]
The Finnish clean energy company Wello announced on December 28, 2017 that it has developed a wave energy solution, which captures the energy derived from passing ocean waves. The company has now received its’ first order a commercial wave en...
2018-01-02 07:21:08
CIP's new fund obtains huge commitments [Finance]
Copenhagen Infrastructure Partners (CIP) recently announced that after 9 months of fundraising, Copenhagen Infrastructure III (CI III), has had its sixth close on December 27, 2017 with total commitments reaching EUR ~2.8 bn. CIP targets a fund s...
2018-01-02 07:20:23
CRCC to order wind turbine ship [Offshore]
China Railway Construction Corporation (CRCC) recently announced that it will order new offshore wind turbine installation vessels. According to foreign media and industry, the vessels are being arranged to respond to increasing demands for ...
2018-01-02 07:18:44
"Share price down, ship price up" [Shipbuilding]
While share prices in Korean shipbuilding industry are plummeting amid mammoth shipbuilders' decision on paid-in capital increase, an industrial expert in the country announced that this is a similar situation to a decade before.  Park Mo...
2018-01-02 07:16:36
DSIC developing smart crude carrier [Shipbuilding]
It turned out that China's Dalian Shipbuilding Industry Co (DSIC) is developing smart crude carrier for the first time in the country.  Guan Yinghua, Deputy Technical Director at DSIC, announced via a local press that the 'smart ship 1.0 ...
2018-01-02 07:16:06
Samkang commissioned to build patrol vessel [Shipbuilding]
Samkang M&T, a Korean manufacturer of heavy wall pipes, marine equipment and newbuildings, announced on December 28, 2017, that it won one new patrol combatant (1,500 tons) from the Korea Coast Guard (KCG) at KRW 61bn (approximately $57m). ...
2018-01-02 07:15:38
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