HHIC Subic Yard placed on receivership [Finance]
Hanjin Heavy Industries and Construction (HHIC) announced through a regulatory filing on January 15 that its overseas subsidiary HHIC-Phil (Subic Shipyard) has been placed on receivership by the Olongapo City Regional Trial Court (RTC).  ...
2019-01-15 15:23:50
“Autonomous shipping grows to be $13.8bn market“ [Shipping]
An industry research predicted that the autonomous shipping would be a $13.8bn market by 2023. MarketsandMarkets’s recent research revealed that the autonomous shipping is already a $6.1bn market, and compound annual growth rate by 2030 woul...
2019-01-15 15:21:38
DSME shuffles high ranking staffs [General]
Daewoo Shipbuilding & Marine Engineering (DSME) has changed 59 out of 169 managers on January 14. 43 staffs out of 59 were newly appointed, and 16 personnel took new positions, replacing 35% of the whole managers. The shake-up was designed...
2019-01-15 14:46:19
"Bulker orderbook is filled with phantom orders" [Shipbuilding]
It seems much of the global bulker orderbook might turn out to be ‘phantom orderbook,’ which exists only in papers. Fearnresearch’s Managing Director Sverre Bjorn Svenning commented in a recent seminar in London that “we would claim th...
2019-01-15 14:08:14
ST Engineering marine business revealed Q4 2018 results [General]
ST Engineering announced that its Marine arm has won S$560m worth of new contracts in the last quarter of 2018. The award of these contracts demonstrates the sector’s ability to deliver total marine and environmental engineering solutions at it...
2019-01-15 11:25:27
ACO Marine to crank up production [Equipment]
Ship sanitation solutions supplier ACO Marine plans to triple production at its Pribyslav plant in the Czech Republic to meet increased demand for its stainless-steel wastewater treatment products. ACO Marine Managing Director Mark Beavis expl...
2019-01-15 11:01:42
Emerson launches OEM Program for DT [General]
Emerson announced a new Engineered Solutions Provider program designed to help Original Equipment Manufacturers (OEMs) optimize automation and instrumentation to improvethe reliability and performance of the modular process systems they design an...
2019-01-15 10:14:00
Boskalis won Inch Cape OWF job and ME service contract [Offshore]
Royal Boskalis Westminster N.V. (Boskalis) has signed an exclusive Pre-Construction Agreement (PCA) for the Inch Cape offshore wind farm project. The award was made by Inch Cape Offshore Limited (ICOL), a subsidiary of Red Rock Power Ltd. The pro...
2019-01-15 08:38:25
Selektope expects growing 2019 [Equipment]
The largest single volume order received for the barnacle-repelling antifouling ingredient Selektope® coupled with strong commercial developments in late 2018 will see the number of ships using Selektope®-containing antifouling coatings more th...
2019-01-15 08:36:30
Eni catches deal in UAE and Bahrain [Offshore]
Eni signed  in Abu Dhabi two Concession Agreements for the acquisition of a 70% stake in the Offshore Block 1 and Offshore Block 2 exploration areas for a duration of 35 years, leading a consortium including Thailand’s PTT Exploration and ...
2019-01-15 08:35:26
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