WUT Guangda won river-sea boxships
A newly founded JV yard WUT Guangda Shipbuilding recently took order for new containerships from a compatriot operator Wuhan Newport Changhai Container Shipping. According to foreign media, Wuhan Newport Changhai has ordered two 1,100-teu new ...
AET chose Korea for shuttle tankers
A tanker operator AET, an affiliated company of MISC Group of Malaysia announced on May 25 that it is extending DP shuttle tanker partnership with Petrobras. The outfit recently has explained that the company signed a contract for ownership and o...
"Ship price will climb higher"
Nomura Securities presented positive prospects for the shipbuilding industry, particularly Samsung Heavy Industries (SHI) and Hyundai Heavy Industries (HHI). "Recovery has been maintained in April tanker and boxship segment, showing 7.4% and 1...
OECD WP6 discusses on subsidy policy
The participants of the 125th OECD Council Working Party on Shipbuilding (OECD WP6), which was held during May 15-16 in Paris, France, agreed to build biding rules against state subsidy in the shipbuilding industry and to deliver such policy to C...
Global orderbook slightly shrank
Global newbuilding orderbook recorded 200.1m dwt (75.8m cgt, 3,024 units) at the end of April, which is slightly higher than a year ago but 5% lower compared to the beginning of the year. As of the end of April, according to Clarkson Researc...
OWF boom may stimulate Jones Act ships
An industry official predicted that coming offshore wind boom in the US will stimulate the demand for Jones Act ships. Emily Huggins Jones, a partner at Squire Patton Boggs commented that project developers will prefer Jones Act ships built in...
Gunvor to build six PCs in Korea
Global oil trader Gunvor Group is poised to build newbuildings at Korea, taking advantage of historic low price. According to foreign media and industry, the trader, with its partners Oceangold Tankers and Maas Capital, has placed an order for...
STX makes comeback after reorganization
STX Offshore & Shipbuilding (STX O&S) is making a comeback after its long reorganization. According to the industry, STX recently has finished its reorganization process, downsizing departments less relevant to field work, to reduce fi...
1Q saw 170% growth in newbuilding order
Global yards took 170% more newbuilding orders during 1Q 2018 at 13.37m gt (7.03m cgt, 289 units) compared to the same period last year. Dalibor Gogic, Principal Analyst of IHS Markit Maritime & Trade, commented that on the contrary, yards...
Eniram signs to develop new bulk carriers
Eniram, a Wärtsilä company, has signed a Memorandum of Understanding (MoU) with Athens-based Arista Shipping to participate in the Project Forward initiative, which is led by Arista. The project has developed a dry bulk carrier vessel that feat...
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