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ABS Spearheads Offshore Standardization JIP
Classification society ABS convened industry partners at the Offshore Technology Conference on Wednesday, May 4, to sign a memorandum of understanding (MOU) establishing…
Hyundai Heavy Industries Shedding Jobs, 'Non-Core' Assets
South Korea's Hyundai Heavy Industries Co Ltd, the world's biggest shipbuilder by revenue, will slash more jobs and sell non-core assets as part of efforts to cope with shrinking orders…
No Merger for Ailing Korean Shipmakers
The South Korea government plans to drop its forceful measures to push ailing local shipbuilders to merge with each other as mergers or additional cash outlays to Hyundai Heavy Industries (HHI)…
Massive Layoff Ahead for Hyundai Heavy
Another massive reduction in the Korean shipbuilding workforce may come as most shipyards are still struggling with falling orders and mounting losses, reports Yonhap quoting industry sources.
Daewoo Shipyard Posts Q1 Operating Loss
South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering Co. posted a first-quarter loss after incurring more costs to finish some offshore projects. First…
Samsung Heavy Loses $4.6-bln FLNG Order
South Korea’s shipbuilder Samsung Heavy Industries (SHI), the world’s third-largest shipbuilder, has received a contract termination for three floating liquefied…
Ocean Rig buys Cerrado drillship
Cyprus-based Ocean Rig has stepped in to buy the sixth generation ultra-deepwater (UDW) drillship Cerrado, which once drilled the giant Libra prospect offshore Brazil…
Cochin Shipyard, Samsung Heavy Pact for LNG Ship Project
Cochin Shipyard Limited (CSL) has signed a memorandum of understanding (MoU) with South Koreas second-largest shipbuilder, Samsung Heavy Industries (SHI) to team…
Samsung, Daewoo Merger on the Way?
As the Korea government is pushing for restructuring of the faltering shipbuilding industry, speculation grows over a possible merger between the country’s two major…
MacGregor Signs Loose Lashing Orders for Twelve Container Vessels
MacGregor, part of Cargotec, will supply loose lashings equipment for twelve 19,200 TEU container vessels under construction in South Korea for a European owner.
First Wärtsilä X62DF Engine Ready for Large LNG Carrier
On April 5, 2016 Winterthur Gas & Diesel (WinGD), together with Doosan Engine Co., Ltd demonstrated the first low-speed low-pressure Wärtsilä six-cylinder X62DF (W6X62DF) engine for a commercial application. The event took place at Doosan’s works in Changwon, Korea and the W6X62DF engine is also the first sold X-DF engine for the new generation of very large LNG carriers. It is currently under test by Doosan before delivery and is one of a pair that will power the first of two 180…
S. Korean Shipyards Order Books Empty?
The global slump in the shipbuilding industry means that South Korea's ship yards have to look far and wide for new orders. Combined, the three major yards have…
SHI Delivers Gaslog Greece
GasLog Ltd. an international owner, operator and manager of liquefied natural gas ("LNG") carriers, announces the delivery of the GasLog Greece. The GasLog Greece…
Boskalis to Transport Johan Sverdrup Platform Modules
Royal Boskalis Westminster N.V. (Boskalis) has been awarded a contract by Samsung Heavy Industries for the transportation of the three topside modules of the riser…
MacGregor Upgrades Cargo System for CSCL
MacGregor has carried out optimised cargo system upgrades for two 14,000 TEU container vessels owned and operated by China Shipping Container Lines (CSCL). The vessels…
$4.3B: Daewoo Shipbuilding has Record Loss
South Korean shipbuilding major Daewoo Shipbuilding and Marine Engineering (DSME) posted a KRW 5.13 trillion (USD 4.3 billion) worth loss for the full year of 2015.
ABS-classed Ship Carries Historic LNG Export from US
Milestone marks another ‘first’ in the Class Society’s history of serving the gas market. Cheniere Energy, Inc. has commissioned a cargo from the Sabine Pass LNG Terminal. Carried aboard the Asia Vision, an ABS-classed LNG Carrier, the cargo represents a milestone in ABS’s history of serving the gas industry, the classification society said. “The first export shipment of liquefied natural gas from Sabine Pass is a historic moment for the entire North American energy sector…
Offshore Wind: Seajacks Scylla Ready to Roll
Gibdock was selected for the afloat mobilization of Seajacks Scylla, the largest and most advanced windfarm installation jack-up ever built. Following delivery to Seajacks by Samsung Heavy Industries at the end of 2015, Scylla was discharged to Gibraltar waters from the heavylift transporter Osprey before being towed into Gibdock for reactivation works at the yard’s South Mole. Seajacks Scylla completed…
Another Brutal Year for Korean Shipyards?
2016 could be a brutal year for Korean Shipyards. Yonhap reports that the country's shipbuilders failed to clinch any new orders in January, underscoring the protracted…
Hyundai Heavy Closes Onsan offshore
Hyundai Heavy Industries has temporarily shut one of its two factories making offshore oil rigs - Onsan plant in South Korea - due to downturn in the global oil and gas industry.