Ulsan to support equipment makers [Equipment]
Ulsan Metropolitan City announced on March 29 that the city and Ulsan ICT Promotion Agency (UIPA) would jointly run an aid program for marine equipment manufacturers who want to export products. Ulsan is planning to spend around KRW300m of a b...
2019-04-01 16:11:38
BNK-KDB invest in shipping real asset [Finance]
Busan Bank is expanding its exposure to ship financing. Busan Bank announced that the company is investing in ‘Multi-Asset KDB Ocean Value-up Private Fund 15th’ with KDB, which is operated by Multi Asset Global Investments. Busan Bank i...
2019-04-01 15:36:40
Yinson-Sumitomo to establish FPSO joint venture [Offshore]
Yinson Holdings Berhad Group of Malaysia announced on March 27 that the group signed LOA with Sumitomo Corporation of Japan to establish a joint venture for FPSO operation in Brazil. LOA, which was signed in last February, sees that two partie...
2019-04-01 15:01:55
New DSME CEO pledges 'independent management' [General]
Newly appointed CEO of Daewoo Shipbuilding & Marine Engineering (DSME) Lee Sung-geun gave an inaugural speech on April 1, promising his very best to empower DSME for continued, solid independent management. After expressing thanks to the f...
2019-04-01 14:26:56
MOL and Karpowership ties for LNG to Powership [Offshore]
Mitsui O.S.K. Lines, Ltd. (“MOL”, head office: Minato-ku, Tokyo; President & CEO: Junichiro Ikeda) and Karpower International B.V. (“Karpowership”, head office: Istanbul, Turkey; CEO: Orhan Remzi Karadeniz) announced that the parties ...
2019-04-01 11:59:10
LR provides verification for Genoil’s GHU Process [Shipping]
A process demonstration witnessed by Lloyd’s Register showed that Genoil’s hydroconversion upgrader can convert high sulphur heavy fuel oil into IMO 2020-compliant marine fuel. During the demonstration of the desulphurisation process the s...
2019-04-01 11:56:41
Maersk retains full ownership of Maersk Supply Service [Offshore]
The A.P. Moller- Maersk Board of Directors has decided to retain full ownership of Maersk Supply Service. The offshore support vessel industry, which Maersk Supply Service ope 「ates within, has over the last three yea 「S exhibited clea 「...
2019-04-01 11:05:50
Valmet to supply scrubbers to DSME [Equipment]
Valmet will supply exhaust gas cleaning system (scrubber system) for seven new building container vessels, which will be built in South Korea by Daewoo Shipbuilding and Marine Engineering for Korean Shipping company Hyundai Merchant Marine. The b...
2019-04-01 08:27:01
Kongsberg to deliver training simulators to Korea [Equipment]
Instructors and students from the Korea Maritime and Ocean University (KMOU) and Mokpo National Maritime University (MMU) will be the first to engage with a unique new approach to maritime simulation and training with the delivery of a full suite...
2019-04-01 08:26:10
MacGregor receives orders for cruise, PCTC equipment [Equipment]
MacGregor, part of Cargotec, has received orders to provide linkspans, cruise access equipment and RoRo solutions for pure car truck carriers (PCTC) from Europe and Japan. The total order value is approximately EUR 19 million. The orders were boo...
2019-04-01 08:25:00
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