Korean shipbuilders awash in red ink
July 29, 2015—Three South Korean shipbuilding giants have now reported massive operating losses. Among them was Samsung Heavy Industries. After market close Wednesday, the shipbuilder reported an operating loss of 1.55 trillion won ($1.3 billion). Analysts had thought the loss would be 343 million won.
Private equity group ups stake in Aker Philadelphia Shipyard
Private equity group Apollo has increased its stake in Aker Philadelphia Shipyard ASA to 18.72%.
MAIB: Alcohol a factor in two deaths involving same workboat
The deceased in the first accident was 25% over the U.K.’s drink-drive limit and the deceased in the second accident was almost four times over the limit.
Fennica: Uncharted shoal found
The Coast Guard issued a notice to mariners after a NOAA hydrographic survey revealed an uncharted shoal along Fennica’s track east of Hog Island.
Port of Singapore issues LNG bunkering RFP
Applicants are to propose an end-to-end LNG bunkering supply solution that details, among other things, their bunkering supply and delivery model, LNG sources and marketing plans for the sale of LNG to customers in the Port of Singapore.