DSME’s business profits decreased by 48%
Through a regulatory filing, on March 10, Daewoo Shipbuilding & Marine Engineering (DSME) released its 2020’s performance. DSME posted KRW 7trn 30.2bn in sales KRW 153.4bn in operating profit, KRW 86.6bn on a consolidated basi...
Boxship orders play critical role for Korea
While the global shipbuilder is recovering sharply this year, it turned out that securing containership orders played an important role. According to industry source and Clarksons Research, global shipbuilders have been awa...
Korea holding down the top spot in global new order sales
While global shipyards secured orders for 92 vessels (2,820,000 cgt), Korean shipyards received orders for 43 vessels (1,560,000 cgt), last February. The Korean shipbuilding industry has topped the world’s contracting ranking. ...
First ever eVSP ready to be installed
GONDAN Shipbuilders announced on March 8 that it has received last week at its main facilities in Castropol, Asturias, SPAIN, the two first electric Voith Schneider Propellers (eVSP) ever manufactured. They will be soon installed in the new Com...
Greenbrier launches Crowley's new Alaska fuel barge
Crowley announced on March 8 that it has achieved a significant milestone in its 55,000-barrel articulated tug-barge (ATB) new-build project with the launch and christening at Greenbrier Marine of Qamun, a double-hulled petroleum barge ...
Deltamarin launches virtual showroom
Deltamarin announced on March 9 that Deltamarin, in partnership with Cargill and BAR Technologies, is seeking to be a leader for the maritime industry in climate- and environment-related issues. WindWings is a wind propulsion system des...
Diana Shipping Services to employ digital solution
Diana Shipping Inc. (NYSE: DSX), (the “Company”), a global shipping company specializing in the ownership of dry bulk vessels, announced on March 9 that its wholly-owned subsidiary, Diana Shipping Services S.A. (“DSS&r...
StormGeo to launch strategic power routing
StormGeo, the leader in weather intelligence, ship routing and fleet performance management solutions, announced on March 9 that it has launched Strategic Power Routing—a service that optimizes the power output of a vessel in vary...
ABB to provide hybrid-electric technology for U.S. ferry
ABB technology announced on March 9 that Maine ferry operator Casco Bay Lines has committed to an integrated hybrid-electric power and propulsion solution from ABB for its new vessel, in a technology step change along one of the longest...
Petredec declares option to build 3 more VLGCs
Petredec Holdings (Eastern) PTE Ltd (“Petredec”) has announced on March 8 that they have exercised their option to construct an additional three 93,000 cbm LPG carriers with dual fuel LPG propulsion at Jiangnan Shipyard (Gro...
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