Offshore vessel construction: Waiting on the wind
At one time, offshore service vessels were the bread and butter work of many U.S. Gulf Coast shipbuilders. Those days are long gone and, with them, a few shipyards. The big hope
Search Results for: Korea Shipbuilding & Offshore Engineering
Offshore companies ink MOU on engineering standards
MAY 18, 2016 — McDermott International, Inc. (NYSE:MDR) reports that it and 14 other leading offshore companies have signed a Memorandum of Understanding (MOU) to establish engineering industry standards. Known as the
Korea seeks stronger shipyard “self rescue” moves
APRIL 26, 2016 — As the Korean Government’s Financial Services Commission announced its plans for restructuring vulnerable industries, including shipbuilding, Hyundai Heavy Industries (HHI), reported that, after nine consecutive red-ink quarters, it
Korean shipyards look to cut newbuild costs
AUGUST 10, 2015—South Korean shipyards are market leaders for construction of floating and fixed offshore oil and gas installations. They are world-class competitively, but even greater savings could result from addressing variations
Korean shipbuilders awash in red ink
JULY 29, 2015 — All three South Korean shipbuilding giants have now reported massive operating losses. After market close Wednesday, Samsung Heavy Industries reported an operating loss of 1.55 trillion won ($1.3
Chinese shipyards build more sophisticated offshore vessels
APRIL 3, 2015—The recent downturn in shipbuilding has hurt Chinese shipyards, watching the country tumble from being the world’s top shipbuilder to number three behind Korea and Japan. Over the last two
ABS inks offshore training MOU with Korean shipbuilders
APRIL 3, 2014 — Classification society ABS recently entered into a Memorandum of Understanding (MOU) with the Korea Offshore & Shipbuilding Association (KOSHIPA) to develop and deliver a curriculum of offshore training
Korean shipbuilding giant enlists IBM for major IT revamp
SEPTEMBER 17, 2012 — IBM (NYSE: IBM) reports that Daewoo Shipbuilding & Marine Engineering (DSME), one of the world’s largest shipbuilding and offshore companies, has engaged IBM to build a stronger and
Statoil invites tenders for new category D offshore rigs
Norway’s Statoil is sending out an invitation to tender for a new type of drilling rig. It is specially designed by the industry on behalf of Statoil for mature fields on the
Capital and and EPS sign orders for giant ammonia carriers
With seaborne carriage of ammonia cargoes predicted to soar, HD Korea Shipbuilding & Offshore Engineering has booked orders to build the world’s first four next-generation 88,000 cubic meter eco-friendly very large ammonia