New maritime education scholarship co-funded
An aspiring chef has been selected as the first beneficiary of a new maritime education scholarship co-funded by Sailors’ Society and Garrets International, and administered by Homer Foundation. Edward Cunanan, 22, from Baliuag in the ...
OECD to review rules on supports for shipyard
At a meeting hosted by the OECD Council Working Party on Shipbuilding (WP6), regarding protests Japan and the European Union (EU) made against the financial support to be provided for Daewoo Shipbuilding & Marine Engineering, OECD decided to ...
KOSORI-UL sign MOU for jet fire test
The Korea Ship and Offshore Research Institute (KOSORI) of Pusan National University and Underwriters Laboratories (UL), a global safety certification company, signed an MOU for jet fire test on April 25 in Hadong, Korea. Under the agreement, ...
DSME credit rating drops to CC level
Daewoo Shipbuilding & Marine Engineering's credit rating has dropped to the CC level. Korea Investors Service announced that it changed credit rating of Daewoo's non-guaranteed bond to CC from B- through an extraordinary evaluation on Apri...
DSME launches new management committee
The management committee for normalization of Daewoo Shipbuilding & Marine Engineering, which supervises the restructuring process, is set to be launched next month. An official at the Korea Development Bank said on April 26, "We have form...
Korea tonnage bank announces its launch
Korea Shipbuilding & Offshore, with a capital of KRW 1trn, will be launched in order to rebuild the domestic shipbuilding and shipping industry. Busan Metropolitan City announced on April 25 that it will hold an inauguration ceremony of Ko...
Thailand launches energy conference
Mr. Areepong Bhoocha-Oom, Permanent Secretary of the Ministry of Energy of Thailand launched the ‘Future Energy Asia Exhibition & Conference’ on April 19 as a major initiative towards securing the path to Thailand’s Energy 4.0. The tran...
DNV GL attains accreditation as EU MRV verifier
DNV GL announced no April 19 that the classification society has gained the accreditation from German accreditation body DAkkS to verify compliance with the EU Monitoring, Reporting and Verification (EU MRV) regulation. The regulation, part of th...
KOTRA holds 'Babcock global partnering plaza 2017'
The Korea Trade-Investment Promotion Agency (KOTRA) has recently announced that the organization invited key players at Babcock International, the UK defense giant, to 'Babcock global partnering plaza 2017' it held on April 20 at Lotte Hotel Worl...
Two workers electrocuted at CSBC
It turned out that there were two deaths in Taiwan’s state-run shipbuilder CSBC. According to foreign press, two workers from a CSBC's subcontractor were accidentally electrocuted while carrying out welding works on April 15 at CSBC's Kaohsi...
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