CHN–US trade war expected to harm TK market [Shipbuilding]
The China–US trade war has a negative effect on the outlook for 4Q tanker shipping market, Allied Shipbrokers noted.  George Lazaridis from the Greek shipbroker said China, the main importer of the US oil this year, is now to discourage...
2018-08-13 07:08:09
"Idle boxships double at year-end" [Shipbuilding]
A report predicted that idle container tonnage may double to the current level at the end of the year. According to Alphaliner, the current idle tonnage amounts to 341,000-teu at the end of July, and the number may reach up to 750,000-teu due ...
2018-08-13 07:06:31
IHI walks out on shipbuilding industry [Shipbuilding]
Japanese heavy industry group IHI closed Aichi Works, its shipbuilding business base located in Aichi Prefecture, on August 10. The shipyard has been one of the symbols of Japan’s shipbuilding capability and was one of the top three Japanese ya...
2018-08-13 07:05:31
KOMERI supports EGCS tests [Equipment]
The Korea Marine Equipment Research Institute (KOMERI) is supporting Korean equipment industry by providing supports for verification tests of exhaust gas cleaning system, or, EGCS. A team at KOMERI Busan R&D headquarter has various testin...
2018-08-13 07:05:00
Busan to set up innovation offshore hub [Offshore]
Busan Metropolitan City and the Korea Institute of Ocean Science & Technology (KIOST) announced on August 10 that the 'project for building offshore OpenLAB and develop tangible convergence content' for which it made proposal jointly has been...
2018-08-13 07:04:18
Chinese yards see profitability down in 1H [Market Information]
For the first half of 2018, Chinese shipbuilding industry experienced falling deliveries and profitability against a year ago, but saw an increase in order cover and new order intakes.   According to the China Association of the Nati...
2018-08-10 17:25:14
Korean LNGC streaming global LNG trade [Market Information]
While global LNG trade volume is rising steeply, Korean shipbuilders are likely to maintain a strong dominance in LNG-related markets. Steve Gordon, Managing Director of Clarkson Research Services Limited said through a recent report that “g...
2018-08-10 17:24:46
Nexen awards EPC contract for the Buzzard Phase II [Offshore]
WorleyParsons has been awarded an engineering, procurement and construction (EPC) contract under its long-term call off agreement with Nexen Petroleum U.K. Limited, a wholly-owned subsidiary of CNOOC Limited. Under the contract, WorleyParsons ...
2018-08-10 07:46:22
CSSC welcomes feat of CMS [Equipment]
China State Shipbuilding Corporation Limited (CSSC) has welcomed the rapid growth of its exclusive marine equipment service platform, CSSC Marine Service Co.,Ltd, (CMS), during its first twelve months of trading. Increasing demand for services...
2018-08-10 07:45:28
MOL to Issue green bonds [General]
Mitsui O.S.K. Lines, Ltd. (MOL; President & CEO: Junichiro Ikeda) announced a plan to issue green bonds (its 20th and 21st series unsecured corporate bonds) through a public offering in Japan's domestic market. It also announced the acquisiti...
2018-08-10 07:44:27
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