CSIC chairman resigns
China Shipbuilding Industry Corporation (CSIC) announced its major management shakeup on August 30, noting that Chairman Hu Wenming resigns. Hu has been the heads of both China State Shipbuilding Corporation (CSSC) and CSIC, for the past...
[Feature] Korea to invade global offshore wind market ②
Industry calls for harmonized policy back up The 'Southwest test site' in Buan County and Gochang County, North Jeolla Province, Korea, is the first government-led offshore wind farm in the country. The Ministry of Trade, Industry and...
HHI wins LNGC from Oceania
Korea Shipbuilding & Offshore Engineering (KSOE) announced through a regulatory filing on September 2 that its subsidiary Hyundai Heavy Industries (HHI) entered into an agreement with an Oceanian operator for building one 174,000 cbm LNG carr...
HanmiGlobal to manage the construction of Jeju Hanlim OWF
The developer of Jeju Hanlim offshore wind project, Jeju Hanlim Offshore Wind Co., selected compatriot CM specialist HanmiGlobal and Dutch engineering consultancy Pondera as project engineering partners. Jeju Hanlim Offshore Wind Co. is ...
Hunter receives offers for VLCC resale
Norwegian shipowner Hunter Group ASA recently stated that it has received offers for the trade of two out of eight VLCCs it had previously ordered. It says that an unnamed third-party buyer wanted en-bloc sales of the pair, at a total of...
Sembcorp Marine clinches huge projects
Sembcorp Marine has won a raft of new projects valued at S$400 million that leverage the Group’s wide-ranging engineering solutions for offshore gas and wind farm developments as well as cruise ship upgrades. In these latest undertakings, ...
Exmar-CSSC signs S&LB contract
Exmar of Belgium signed a Sale & Leaseback contract with CSSC Shipping for one barge FSRU. With the contract, CSSC Shipping buys the FSRU from Exmar for around $155m, to lease it back to Exmar for 10 years at around $189.65m in total...
Indicators improving in shipbuilding employment
The Ministry of Employment and Labor (MOEL) of Korea released the employment survey results for July on August 29. According to the survey, the ‘manufacturing of transportation,’ which includes shipbuilding, employed 139,634 workers, which is...
Belships ASA expands fleet
Belships ASA (OSE: BEL) has agreed 7 year bareboat charters for two 61,000 dwt Ultramax bulk carrier newbuildings. The vessels will be delivered by a Japanese shipyard during the fourth quarter of 2019 and first quarter of 2020. The esti...
MOL and Karpowership floats KARMOL ship
TOKYO-Mitsui O.S.K. Lines, Ltd. ("MOL", head office: Minato-ku, Tokyo; President & CEO: Junichiro Ikeda) ) and Karadeniz Holding A.S. ("Karadeniz"; head office: Istanbul, Turkey; Chairman: Osman Murat Karadeniz) announced that MOL and Karpowe...
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