HHI Group Signs Definitive Agreement to Acquire DSME

HHI Group Signs Definitive Agreement to Acquire DSME

Hyundai Heavy Industries (HHI) Group and Korea Development Bank (KDB) signed on Friday a definitive agreement to acquire Daewoo Shipbuilding & Marine Engineering (DSME), in the presence of Kwon Oh-gap, Vice Chairman …
Mar 8, 2019 /  Curious
Spotted: Xin Guang Hua safely loads section of the Maersk Honam

Spotted: Xin Guang Hua safely loads section of the Maersk Honam

The sound section of the Maersk Honam was successfully loaded aboard the heavy-lift vessel Xin Guang Hua on open waters outside Dubai (UAE) on Saturday, 2 February. Xin Guang Hua will delivery the 228.5m long section …
Feb 27, 2019 /  Vessels
Grimaldi Orders MAN B&W Two-Stroke Propulsion Engines/Turbocharger Package as Part of New Hybrid Generation

Grimaldi Orders MAN B&W Two-Stroke Propulsion Engines/Turbocharger Package as Part of New Hybrid Generation

MAN Energy Solutions has won the order to supply 18 × MAN B&W 9S50ME-C9.6 TIER II-compliant main engines for 9 × 7,800 lane-metre RoRo vessels intended for operation in the Mediterranean Sea. The …
Feb 12, 2019 /  Curious
LPG-Fuelled ME-LGIP to Power Chinese VLGC

LPG-Fuelled ME-LGIP to Power Chinese VLGC

Further shipowners turning to LGP in advance of 2020 emissions deadline Jiangnan Shipyard, owned by China State Shipbuilding Corp (CSSC), has ordered an LPG-burning MAN B&W 6G60ME-LGIP engine in connection with the …
Feb 1, 2019 /  Vessels
Hyundai Heavy wins US$286mln order for the construction of three very large oil carriers

Hyundai Heavy wins US$286mln order for the construction of three very large oil carriers

Hyundai Heavy Industries Co., the world's top shipbuilder by sales, said Wednesday that it has clinched a 320 billion won (US$286 million) deal to build three very large crude carriers (VLCCs). Caption: A very large …
Jan 30, 2019 /  Curious
Wilhelmsen Ship Management selected as the manager for Pardus Energy’s FSRU

Wilhelmsen Ship Management selected as the manager for Pardus Energy’s FSRU

Wilhelmsen Ship Management (WSM) has entered into a management agreement with Pardus Energy for their new building FSRU WSM will be providing ship management services for the new Floating Storage and Regasification Unit …
Jan 24, 2019 /  Vessels
Hyundai Heavy Industries signs up TMC for Roncador tankers

Hyundai Heavy Industries signs up TMC for Roncador tankers

TMC Compressors of the Seas (TMC) has signed a contract to supply complete marine compressed air systems for two shuttle tankers that Hyundai Heavy Industries (HHI) is building for Norwegian tank operator Knutsen NYK …
Jan 22, 2019 /  Curious
Daewoo Shipbuilding, Hyundai Heavy win string of crude carrier orders

Daewoo Shipbuilding, Hyundai Heavy win string of crude carrier orders

South Korea’s major shipbuilders have started the year on a buoyant note, winning new orders at a strong clip. Daewoo Shipbuilding & Marine Engineering Co. (DSME) said Friday it has bagged a 210 billion won …
Jan 18, 2019 /  Curious
Fire-hit Maersk Honam to be shipped to Hyundai Heavy for rebuilding

Fire-hit Maersk Honam to be shipped to Hyundai Heavy for rebuilding

International sources say the ship has been cut in two at the Drydock World Dubai (UAE). The heavy-lift vessel Xin Guang Hua will transport the 228.5-meter-long sound section, from midship to stern, to South Korean …
Jan 15, 2019 /  Vessels
Hyundai Heavy seeks to win US$15.9 bln worth of deals in 2019

Hyundai Heavy seeks to win US$15.9 bln worth of deals in 2019

South Korea's Hyundai Heavy Industries Group said Thursday its three arms are seeking to secure combined deals worth US$15.9 billion this year in the shipbuilding segment. The combined target of Hyundai Heavy Industries …
Jan 4, 2019 /  Finance