China ship exports record 10.58 billion in 7 months
China sold abroad 1.4 million vessels in the first seven months of this year, a growth of 170 percent on the same period of last year, customs sources said on Tuesday. The exports were valued at 10.58 billion U.S. dollars, up 61.6 percent, accordi...
Secondhand Capesize prices collapsing
Slumping dry market seems to have affected secondhand bulker prices. Foreign press reports say that Chinese steel producer, Rizhao Steel Co. has purchased the 172,000dwt Arethousa, built in 1999, from Zela shipping in the UK for $90m. The secondha...
DSME labor union claims job security
Korean Development Bank (KDB) announced On Oct 24, that Hanwha was chosen for the priority negotiator for the bidding competition of Daewoo Shipbuilding & Marine Engineering (DSME), however, the undertaking does not seem to go smoothly as negotiation...
GTT’s new guideline at issue
Shipowners operating dual-fuel diesel-electric (DFDE) LNG carriers have reportedly reacted angrily to Gaztransport & Technigaz (GTT)’s new sloshing guidelines on tank-filling levels. According to foreign media report, GTT announced new requireme...
Strengthened restrictions on pollutants from ships
Ministry of Land, Transport and Maritime Affairs (MLTM) of South Korea said recently that regulations on contaminants emitted from ships including oxides of sulfur and nitrogen will be tightened up from July 2010 according to the IMO meeting held in ...
Hanjin Shipping opens a repair yard shortly
South Korea’s Hanjin Shipping has been constructing a large-scale shiprepair yard in Qushan Island, located at a sea route entrance into Shanghai China, and the completion of the repair yard just has a couple of weeks to go. The repair yard has ...
STX discuss Chinese business with Governor
STX Business Group Chairman Duk-Soo Kang met with Chen Zhenggao, Governor of Liaoning Province, China on October 19 at a hotel in Dalian Changxing Island, and discussed matters of interest. In the meeting, Chinese high-ranking government officials...
DSME union mulling over counterplans
The labor union of Daewoo Shipbuilding & Marine Engineering (DSME) is busy coping with changed situations as POSCO got disqualified for DSME bidding and the bidding battle became two-cornered between Hanwha and Hyundai Heavy Industries (HHI). The ...
KR opens headquarters in Athens
Report says, on Oct 15, Korean Register of Shipping (KR, Chairman, Kong-kyun Oh) opened head office in Athens recently to colligate its business in Europe, now it started to capture European market. Jae-geun Kwon, the manager of a branch office in...
Japanese company promotes LNG base
Japanese energy company INPEX CORPORATION has established a plan to construct an LNG (liquefied natural gas) export base worth over 3 trillion yen ($29.6 billion) in Australia and Indonesia. The company made the large-scale decision as the demand ...
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