Offshore Engineering News Today

Saipem SpA (OTCMKTS:SAPMF – Get Free Report) shares were down 2.8% on Thursday . The company traded as low as $2.46 and last traded at $2.46. Approximately 116 shares traded hands during trading, a decline of 49% from the average daily volume of 229 shares. The stock had previously closed at $2.53. Saipem Stock Performance […]

The Australian Government will spend AU$566m (US$378m) in new offshore mapping programmes that will also help identify new carbon capture and storage (CCS) locations and possible sites for clean hydrogen projects.

MANILA — U.S. private equity firm Cerberus Capital Management said it has agreed to lease part of its Philippine shipyard in Subic Bay to HD Korea

South Korean stocks finished nearly 1 percent up Thursday as hopes for a possible US rate cut boosted investor sentiment here. The local currency sharply rose to an almost two-month high against the US dollar. The benchmark Korea Composite Stock Price Index added 22.66 points, or 0.83 percent, to 2,753, after reaching an intraday high of 2,773.46 points. Trade volume was moderate at 510.3 million shares worth 13 tril...

HD Hyundai Heavy Industries (HHI) has signed a contract to build four warships for the Peruvian Navy with local shipyard SIMA.

HD Korea Shipbuilding & Offshore Engineering said Sunday it has partnered with Korea East-West Power and the Korea SMEs and Startups Agency to launch a joint initiative to reduce greenhouse gas emissions in the shipbuilding industry. The collaboration, inked at the HD Hyundai Global R&D Center, supports small to medium-sized shipyard suppliers. The program will swap outdated air compressors for high-efficienc...

Major Korean shipyard HD Korea Shipbuilding & Offshore Engineering said Tuesday it has won a 631.9 billion-won ($466.3 million) order to build four very large ammonia carriers (VLAC) for a European shipper.

DNV has presented HD Hyundai with a general approval for ship application (GASA) for a new high-strength composite hybrid…

Korean shipyard conglomerate HD Korea Shipbuilding & Offshore Engineering said Sunday it has launched a new research and development facility dedicated to comprehensive testing of decarbonizing maritime technologies. The Marine Innovative Decarbonization R&D facility, located at the HD Hyundai Heavy Industries yard in Ulsan, was inaugurated in a ceremony attended by key executives, including HD Korea Shipbuil...

Major classification societies, and Korean and Japanese shipbuilders are among the member of the new Nuclear Energy Maritime Organisation (NEMO).