"Disruption expected due to IMO sulfur cap" [Shipping]
There is a forecast of using very low-sulphur fuel oil (VLSFO) to launch a disruption in oil and refined products markets as the International Maritime Organization's (IMO's) global sulfur cap rule requires shipowners to burn 0.5% sulfur-complian...
2019-05-23 08:34:02
China's NB orders grown sharply in April [Shipbuilding]
The China Association of the National Shipbuilding Industry (CANSI) has recently released statistics on business results domestic shipbuilding industry posted for the first four months of 2019. According to the statistics, last April, Chinese shi...
2019-05-23 08:32:30
DACKS won Ultramax contract from Japan [Shipbuilding]
China-Japan joint venture yard Dalian COSCO KHI Ship Engineering (DACKS) has won a newbuilding contract for two Ultramax bulkers from Santoku Senpaku, a Japanese shipowner. The price is not disclosed, and scheduled delivery is at the end of 2020....
2019-05-22 15:49:55
KR signs IHM service deal with Zeaborn [Shipping]
The Korean Register of Shipping (KR) announced that KR and Verifavia Shipping  have been contracted by Zeaborn Ship Management to perform Inventory of Hazardous Materials (IHM) preparation and certification for more than 100 vessels. EU a...
2019-05-22 15:29:53
Thick plate price stays in 1H [Shipbuilding]
The thick steel plate price for 1H 2019, which has been fiercely negotiated for a while, is likely to remain at the same level. Sources told that steel manufacturers including POSCO and Hyundai Steel are to freeze 1H thick plate price, conside...
2019-05-22 15:00:33
HHI union continues to strike [General]
HHI branch of the Korean Metal Workers' Union (KMWU) continues its strike to oppose physical division. Hundreds of union members participated in a full strike to go to Seoul, organizing a rally. Rest of the members go into four-hour partial st...
2019-05-22 14:19:44
AVIC continues restructuring efforts [General]
Aviation Industry Corporation of China(AVIC) has transferred the ownership of AVIC Zhenjiang Shipyard Marine (AZM), one of its subsidiary yards, amid the restructuring efforts. Sources told that AVIC International Maritime Holdings (AVIC Marin...
2019-05-22 13:49:49
Gazprom discovers two new gas fields on Yamal shelf [Offshore]
The Federal Agency for Mineral Resources approved the expert opinions of the State Reserves Commission with regard to the discovery by Gazprom of new hydrocarbon fields on the shelf of the Yamal Peninsula, namely the Dinkov and Nyarmeyskoye field...
2019-05-22 10:38:23
IMO published 2020 guideline online [Shipping]
IMO has published its official guideline for 2020 sulfur regulation. MEPC (Marine Environment Protection Committee) adopted the guideline at its latest session, which was held during May 13-17. The guideline includes a template for 'FONAR,'...
2019-05-22 10:37:04
Sif provides monopiles for Borssele V [Offshore]
Sif Holding n.v. will manufacture two monopiles for the Two Towers Borssele V innovation site. A number of innovations will be applied in the project such as a slip joint connection, seabed protection and a full aluminum sprayed coating. One o...
2019-05-22 08:49:58
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