LNGC/TK showing uptrend momentum
The newbuilding prices of tanker and LNG carrier segment are showing an uptrend early this year. Choi Kwang-Sik, a researcher at Hi Investment & Securities, commented on January 21 that LNGC newbuilding price has climbed from $182m to $184...
Japanese ship export drew a heavy-tail graph in 2018
It turned out that Japanese yards’ orderbook had shrunk in 2018 compared to 2017. They took new export orders for 20 ships of 1.3m gt, 470,000-cgt in December 2018, which is yoy 154% increase in terms of gt. The Japan Ship Exporters' Associa...
OZ's composite lashing bar wins T.A. from ABS
After developing composite (fiber reinforced material) lashing bar for the first time in the world with its in-house filament winding technology, and attaining approval in principle (AIP) from the Korean Register of Shipping (KR) last August for ...
Werften takes over Neptun Ship Design
German shipbuilder MV Werften has acquired the largest ship design company in its country Neptun Ship Design. Peter Fetten, Managing Director at MV Werften, said, "We welcome the acquisition and the new, experienced colleagues in our team." St...
Reshuffle expected in China's state businesses
The Chinese government is to carry out a large-scale reshuffle program including merger, strategic alliance and spin-off towards its compatriot state-owned companies. The State-owned Assets Supervision and Administration Commission of the Stat...
Lamprell sees $71m loss last year
Before releasing its 2018 business results on March 21, Lamprell, a manufacturer of onshore and offshore drilling production facilities, has recently announced that the company of the United Arab Emirates (UAE) is expected to post about $235m of ...
China CSSC likely to turn to black
China CSSC Holdings, a listed arm of China State Shipbuilding Corporation (CSSC), is likely to see a net profit of CNY $435m-525m level (preliminary figures) for 2018, after posting net losses of CNY 2.6bn in 2016 and CNY 2.3bn in 2017. ...
NES files for bankruptcy again
After going bankrupt last August and being acquired by Rissa-based shipbuilder Fosen Yard, Nordseewerke Emden Shipyard (NES) filed for bankruptcy again. This is already fourth bankruptcy for the German shipbuilder over the past six years. &n...
Oceaneering won multiple umbilical contracts
Oceaneering International, Inc. (NYSE:OII) announced it has recently secured three subsea umbilical contracts valued in excess of $80 million in total. The contracts with major international operators are to supply developments in the Medit...
MOL-Asahi to build new tanker pool
Mitsui O.S.K. Lines, Ltd. (MOL; President & CEO: Junichiro Ikeda) announced that MOL and Asahi Tanker Co., Ltd. (President: Kazunori Nakai; Headquarters: Chiyoda-ku, Tokyo) have signed a contract to establish a pool operation company, Asahi M...
2019 - 1
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