South Korea’s shipbuilder Samsung Heavy Industries (SHI) has developed a LNG regasification system for LNG floating storage regasification units (FSRUs).
The system, called S-Regas(GI), utilizes glycol to re […]
The National Information Society Agency (NIA) of South Korea and LG CNS signed a memorandum of understanding (MOU) with each other on September 18. The purpose of the MOU is to cooperate for the creation of an […]
International oil prices have hit a record high in seven months as they went up over US$50 a barrel. The domestic oil refining sector raised its hopes of improving their profitability in the third quarter after […]
cecilia wrote a new post, Shipyards, steelmakers at odds over steel price hike 2 days, 23 hours ago
South Korea’s major shipbuilders and steelmakers have been in talks over a steel price hike for weeks, but they still face difficulties narrowing their differences, industry sources said Tuesday.
Last week, the […]
Last week, another blow was delivered to BC’s LNG industry when the partners behind the $28 billion Aurora LNG project pulled the plug after four years of analysis.
The setback is forcing many people to won […]
cecilia wrote a new post, Hyundai Heavy sells U.S. unit Hyundai Ideal Electric 6 days, 23 hours ago
South Korea’s Hyundai Heavy Industries Co. shed Hyundai Ideal Electric Co., its money-losing electric motors making subsidiary in the United States as part of restructuring efforts.
Hyundai Heavy Industries s […]
Japanese shipping company Nippon Yusen Kaisha (NYK) intends to deploy a binary cycle power generation system on a newly constructed Panamax bulk carrier to be operated by the company.
As explained, the system […]
cecilia wrote a new post, 3D Printed Ship’s Propeller Moves Forward to Completion 1 week, 1 day ago
A prototype of the world’s first class approved ship’s propeller has been produced by using 3D printing techniques, Damen informed.
The 1,350mm diameter propeller – named WAAMpeller – is the result o […]
ABS, the leading provider of classification and technical services to the global offshore industry, has granted Approval in Principle (AIP) to Hyundai Heavy Industries (HHI) floating liquefied natural gas (FLNG) […]
cecilia wrote a new post, Ballast Water Management Convention Enters into Force 1 week, 3 days ago
The International Convention for the Control and Management of Ships’ Ballast Water and Sediments (BWM Convention) entered into force on September 8, 2017.
Adopted by the International Maritime Organization (I […]
cecilia wrote a new post, SHI partners with Inmarsat for ‘smart ship’ initiative 1 week, 3 days ago
South Korean shipbuilder Samsung Heavy Industries (SHI) has signed a memorandum of understanding (MoU) with Inmarsat to receive the connectivity capability required for its ‘smart ship’ initiative.
The MoU wil […]
Danish offshore driller Maersk Drilling has secured a contract extension for the ultra-deepwater drillship Maersk Viking with ExxonMobil. The estimated value of the contract extension is $22.5 million, with a […]
cecilia wrote a new post, Samsung Heavy wins $100mn order to build two LNG carriers 4 months ago
South Korea’s Samsung Heavy Industries Co. said Monday it won a $100 million order to build two liquefied natural gas (LNG) carriers for Korea Line to deliver gas supplies from mainland to southernmost island of J […]
Korea’s shipping companies ordered a total of 20 ships so far this year, Among them, 13 would be built by Chinese shipyards. The share of domestic construction in the newbuilding orders placed by local shipowners […]
It has been found that South Korean shipping companies placed orders for a total of 20 new ships and South Korean shipbuilders obtained only 35% of them between January 1 and May 15 this year while the rest went […]
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