Korea assists smaller yards’ effort for survival [Shipbuilding]
The Korean government is coming to the aid of small and mid-sized shipyards and suppliers. The Minister of Economy and Finance and Deputy Prime Minister of Korea, Hong Nam-ki announced additional aid packages for shipbuilding and shipping indu...
2019-04-24 16:16:00
Korea extends designation of industrial crisis zones [Shipbuilding]
The Korean government has decided to extend the designation of 'industrial crisis zone' of five regions including Geoje, for another two years. The Ministry of Trade, Industry and Energy (MOTIE) of Korea announced that the designation of five ...
2019-04-24 15:45:42
POSCO products won CFP certification [Equipment]
The Korea Environmental Industry & Technology Institute (KEITI) granted 32 POSCO products CFP certifications on April 18. CFP means ‘Carbon Footprint of Products.’ The certification is intending to quantify the volume of GHG during a prod...
2019-04-24 15:25:40
New Petrobras 5 year contract for OOS Tiradentes [Offshore]
OOS International and CIMC Raffles are pleased to announce that they have been awarded a 5-year contract for the flotel OOS Tiradentes by Petrobras. The new contract will start Q3/Q4 of 2019. OOS Tiradentes, named after a national Brazilian he...
2019-04-24 11:15:22
TechnipFMC awarded iEPCI contract from ConocoPhillips [Offshore]
TechnipFMC (Paris:FTI) (NYSE:FTI) has been awarded an integrated Engineering, Procurement, Construction and Installation (iEPCI™) contract from ConocoPhillips for the TOR II development, located in the Norwegian sector of the North Sea at a wat...
2019-04-24 10:31:05
MOL to install AR navigation system on 21 VLCCs [Equipment]
Mitsui O.S.K. Lines, Ltd. (MOL; President & CEO: Junichiro Ikeda) announced its intention to install a navigation system using augmented reality (AR) technology jointly developed by Furuno Electric Co., Ltd. (President: Yukio Furuno; Headquar...
2019-04-24 08:44:41
Sea Machines explains how it can change the industry [Shipbuilding]
As one of the oldest trade fields in existence, commercial marine operations have been slow to automate. With the introduction of the SM-series products, Sea Machines is helping the marine industry transition into a new era of task-driven, comput...
2019-04-24 08:41:27
GE Renewable steps out of EMF OWFs [Offshore]
GE Renewable Energy announced that it has signed a Memorandum Of Understanding with Eolien Maritime France (EMF) confirming its commitment to provide and service Haliade 150-6MW turbines to the first French EMF offshore wind farm to be cleared of...
2019-04-24 08:39:31
Marine coating market expects solid growth [Equipment]
As per a recent industry report put forward by Global Market Insights Inc., Marine Coatings Market is forecast to register its name in the billion-dollar fraternity down the line of seven years, by exceeding a revenue of USD 15 billion by 2024 wi...
2019-04-24 08:37:23
KOMEA offers API Q1 training program [Equipment]
The Korea Marine Equipment Association (KOMEA) is opening API Q1 (Specification for Quality Management System Requirements for Manufacturing Organizations) training program for small and mid-sized marine equipment manufacturers. The program wa...
2019-04-24 08:33:33
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