HHI's tentative wage deal rejected [General]
A tentative agreement, which was made by Hyundai Heavy Industries (HHI) union and management for 2016 and 2017's wage, has been rejected, due to opposition from the labor union members. On January 9, 56.11% of the union's 8,804 members (a 89.6...
2018-01-10 14:05:14
Aramco, partners launch 'International Maritime Industr... [Shipping]
Saudi Aramco and its partners; Lamprell Plc, the National Shipping Company of Saudi Arabia (“Bahri”); and Hyundai Heavy Industries Co. Ltd. (HHI), recently announced the official launch of their International Maritime Industries (IMI) joint v...
2018-01-10 07:09:20
PSA Marine wins FSRU service contract [Offshore]
Singapore's Summit Power International Pte. Ltd. (“SPI”) announced on January 5 that its subsidiary, Summit LNG Terminal Co. (Pvt) Limited (“Summit LNG”) has awarded a 15-year contract to PSA Marine Bangladesh Pte. Ltd. (“PSA Marine Ban...
2018-01-10 07:08:05
First milestone for Ulstein designed cruise vessel [Shipbuilding]
The steel cutting ceremony of the first polar new build in the Lindblad Expeditions-National Geographic fleet was carried out on Friday morning, 5 January 2018. The vessel, yard number 312 at Ulstein Verft, will be ready for her first expeditions...
2018-01-10 07:05:56
Keppel FELS delivers first rig of year [Offshore]
Keppel FELS Ltd (Keppel FELS), a wholly owned subsidiary of Keppel Offshore & Marine Ltd (Keppel O&M), announced on January 5 that it has delivered the jackup rig, SAGA, to Borr Drilling Limited (Borr Drilling) safely, on time and on budg...
2018-01-10 07:05:07
I-Tech appoints exclusive importer & agent in Korea [Equipment]
I-Tech AB, has responded to strong market demand in South Korea by appointing KhaiEL as the exclusive importer and agency for the unique antifouling ingredient Selektope®. Under the new agreement, I-Tech will continue to manage sales of Selek...
2018-01-10 07:04:09
MHI's two arms launched [Shipbuilding]
Mitsubishi Heavy Industries' (MHI's) two merchant shipbuilder arms Mitsubishi Shipbuilding Co., Ltd. and Mitsubishi Heavy Industries Marine Structure Co., Ltd. have been operated since January 5, after being launched on January 1. From this mo...
2018-01-10 07:01:58
COMEC scores 4+4 tankers [Shipbuilding]
IMC Shipping placed an order at one China's state-owned shipyard for MR tanker newbuildings.  According to a foreign press, the Singaporean tanker operator has recently ordered 4+4 55,000 dwt oil & chemical product carriers from CSSC ...
2018-01-10 07:01:20
Lavinia orders 3+1 BCs from China [Shipbuilding]
Penglai Zhongbai Jinglu Ship Industry, a Chinese privately-run shipbuilder, turns out to have won up to four Kamsarmax bulkers from Lavinia Bulk, a London-based bulker operator. According to a foreign press, the two companies entered into a co...
2018-01-10 07:00:16
Korea's 2017 newbuilding contracts 'triple' [Shipbuilding]
After 2016's the worst order drought, global shipbuilding industry showed a definite recovery trend last 2017. In particular, Korean shipbuilders' new order intakes increased almost three times compared to 2016 (up by about 200%). However, it is ...
2018-01-10 06:59:37
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