DSME nets VLCC orders back to back [Shipbuilding]
Daewoo Shipbuilding & Marine Engineering (DSME) announced on April 4 that the Korean shipbuilding heavyweight has won two very large crude carriers (VLCCs) from the US shipowner. The new vessels are slated for delivery by the first quarter...
2018-04-04 10:46:33
ABS provides E-Certificates [General]
ABS announced on April 2 the launch of e-Certificates. Continuously available, tamper-proof, independently verifiable and secure digital equivalents of traditional ABS paper certificates, e-Certificates are now available to ABS’ entire classed-...
2018-04-04 07:17:37
STS LNG bunkering in Tokyo Bay [Shipping]
Uyeno Transtech Ltd. (Head Office: Yokohama, Kanagawa Prefecture; Chairman & President: Takashi Ueno; hereinafter, “Uyeno Transtech”), Sumitomo Corporation (Head Office: Chuo-ku, Tokyo; Representative Director, President and Chief Executi...
2018-04-04 07:16:49
Message from MOL CEO envisioning future [General]
On the occasion of Mitsui O.S.K. Lines' 134th anniversary, MOL released a message from our President & CEO, Junichiro Ikeda on April 2. Below is the full text. Greetings to all MOL Group members. First, I'd like to let you know that MOL ce...
2018-04-04 07:14:41
QATARGAS-EGAT announce LNG MOU [Offshore]
Qatargas Operating Company Limited (Qatargas) and the Electricity Generating Authority of Thailand (EGAT) announced on April 2 the signing of a Memorandum of Understanding (MoU) to explore collaborative efforts in the LNG business. Under the term...
2018-04-04 07:12:33
Huntington Ingalls awarded NSC [Shipbuilding]
Huntington Ingalls Industries’ (NYSE:HII) Ingalls Shipbuilding division received a $94 million fixed-price contract from the U.S. Coast Guard today to purchase long-lead materials for a 10th National Security Cutter (NSC). “National Securi...
2018-04-04 07:10:39
Mitsui & Co carrying out fleet expansion [Shipbuilding]
Mitsui & Co of Japan has focused on expanding its fleet volume by placing new orders at its compatriot and Chinese shipyards.   According to TradeWinds and industrial sources, Mitsui ordered two 180,000 dwt bulkers from Yangzijia...
2018-04-04 07:09:43
Cape sees 188% profit upturn [Finance]
Cape announced on April 3 that the Korean ship cylinder liner giant logged a KRW 17.6bn (around $16.65m) operating profit in 2017, representing an 188.2% upturn against a year ago. During the same period, Cape's revenue and net profit stood at KR...
2018-04-04 07:08:07
Dongsung moves its headquarters [Equipment]
Dongsung Finetec, a Korean maker of cryogenic insulation products, has recently announced that it has moved its headquarters to Busan Metropolitan City from Anseong, Gyeonggi Province.  The Korean company has excellent technology and sale...
2018-04-04 07:01:57
Hyundai Electric completes world's largest ESS [General]
One of the largest energy storage system (ESS) in the world, which was established by Hyundai Electric & Energy System at Korea Zinc Company's smelting works, Onsan-eup, Ulju-gun, Ulsan Metropolitan City, Korea, starts operation this month. ...
2018-04-04 07:00:37
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