Two potential DAE SUN buyers appear [Shipbuilding]
It turned out that there are two companies which expressed their interest in taking over DAE SUN Shipbuilding & Engineering. According to investment bank industrial source, one of them has a practical will for the acquisition. An official ...
2019-01-28 16:19:02
HHI union members vote down wage agreement [General]
Hyundai Heavy Industries (HHI) saw a tentative 2018 wage agreement rejected by the union members. HHI branch of Korean Metal Workers' Union (KMWU) called for the yeas and nays on January 25, and 4,830 or 62.88% of the 7,681 who cast the vote, ...
2019-01-28 16:15:25
HMD awarded mid-sized PC sextet [Shipbuilding]
Hyundai Mipo Dockyard (HMD) announced on January 28 that it signed a contract with an European operator for building up to six (including two options) 50,000 dwt product carriers (PCs) worth about $250m in total.  The newbuilds are slated...
2019-01-28 16:14:05
UK reveals long-term maritime strategy [Offshore]
The UK government has recently announced a strategy to raise the competitiveness of domestic maritime industry after discussing it with the industry over the past year.  The strategy called 'Maritime 2050' includes short-term, mid-term an...
2019-01-28 15:42:56
SWS joins hands with Honghua Offshore [Offshore]
Shanghai Waigaoqiao Shipbuilding (SWS), an affiliate of China State Shipbuilding Corporation (CSSC), has entered into partnership with its compatriot offshore equipment engineering company Honghua Offshore for cooperation in offshore business sec...
2019-01-28 15:13:44
24 offshore wind projects approved in Jiangsu [Offshore]
It turned out that 24 offshore wind power projects in Jiangsu province have recently been sanctioned by the Chinese government.  According to China's local press, the capacity of the 24 businesses in which about 18bn will be invested reac...
2019-01-28 14:41:09
Arrest warrant against Polaris chairman rejected [General]
Busan District Court rejected an arrest warrant, which has been requested against Kim Wan-joong, chairman of Polaris Shipping, over the tragic sinking of the VLOC Stellar Daisy, on January 24.  The court noted that it made such a decision...
2019-01-28 14:17:41
ABS marks two-year safety milestone [General]
S has recorded zero lost time work-related incidents for the second year in a row. The Lost Time Incident Rate (LTIR) has remained at 0.00 throughout 2017 and 2018, underscoring ABS’ industry-leading safety performance. “Safety is the foun...
2019-01-28 11:51:17
Containerships Nord got first LNG bunkering [Shipping]
Containerships announced its first LNG-fuelled container vessel, M/S Containerships Nord, successfully underwent her first Marine LNG bunkering at the Port of Rotterdam on 24th of January. Around 240 metric tons of Marine LNG was bunkered to the ...
2019-01-28 11:33:02
EIB supports Ireland ferry NBs [Finance]
Announcement made as the W.B. Yeats cruise ferry made its maiden commercial voyage from Dublin to Holyhead this morning New ICG cruise ferries, W.B. Yeats and a second new cruise ferry currently under construction will significantly increase c...
2019-01-28 10:54:23
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