DSME to sell non-core affiliates

Daewoo Shipbuilding & Marine Engineering (DSME) is to dispose of affiliates that are not related to shipbuilding and offshore plant construction. The shipbuilder also plans to sell its headquarters in Seoul, South Korea.
DSME’s CEO Jung Sung-Leep announced the restructuring at a meeting on 10

Hijacked tanker found off Malaysia

A missing Singapore-flagged vessel has been found off Malaysia with all nine crew members accounted for after reportedly being hijacked.
The 3,465 dwt tanker Joaquim had been found about 13.7 n miles off Tanjung Keling, Malaysia, in 9 August 2015 with its oil cargo missing, according to a press

Crane giants confirm merger plans

Finland’s Konecranes and US heavy equipment maker Terex have announced they will merge by the first half of 2016. Described as “an all-stock merger of equals” the new company, Konecranes Terex (KT), will have a significant role to play in the port handling equipment solutions sector.
The new