Warm breeze in shipping world
It seems active S&P market and the recovery of dry bulker and container sectors are driving a recovery of the global shipping industry. ‘Shipping Heat Index,’ Clarksons Research’s index developed to indicate rates and investment in t...
Antong orders 12 boxships
Antong Holdings-affiliated Quanzhou Ansheng Shipping placed orders at its compatriot shipyards for 12 640 teu containerships. It is known that the Chinese liner shipping company ordered the 12 newbuildings from Fujian Southeast Shipbuilding, F...
Mastek awarded Tanzanian ships
Mastek Heavy Industries, a shipbuilder in Busan signed a shipbuilding contract for six 80m tuna purse seiners and two 74m high-speed catamaran passenger ferries worth a total of $255m on December 27. The signing was witnessed by representative...
Korea Scaffolding Institution enhances yard safety
Korea Scaffolding Institution (KSI) recently announced that the institution is designated as the scaffolding training institution to educate employees working on scaffolding. Korea Offshore & Shipbuilding Association (KOSHIPA) and the big ...
Samsung adds LNGC at the final stage of 2017
Samsung Heavy Industries of Korea has added one more newbuilding to its 2017 new contracts tally, which had already surpassed the target of the year. The global shipbuilding giant has agreed with a foreign LNG carrier operator to sign a 180,...
HHI displays confidence with higher numbers
Through a regulatory filing on December 26, Hyundai Heavy Industries (HHI) estimates its 2017 revenue as KRW15.3765trn, operating profit as KRW46.9bn. Therefore Q4 this year is expected to see KRW360bn of loss in operating deficit. It predicted 2...
HMD expected to make loss in 4Q
Hyundai Mipo Dockyard (HMD) announced on December 26 that the Korean shipbuilder's revenue and operating profit for this year are estimated to reach KRW 2.3956trn (approximately $) and 79bn, respectively, with a prospective revenue of KRW 2.76trn...
"LNG carrier fall short by 2020"
A report saying more than 40 units of LNG carrier newbuildings are required for next three years to meet LNG shipping demand is published. In a report named ‘Bottoms up LNG,’ Wells Fargo Securities’ Senior Analyst Michael Webber and Asso...
Higaki wins tweendecker trio from Taiwan
Higaki Shipbuilding of Japan has won three tweendeck-equipped general cargoships from Glory Navigation. According to the Taiwanese orderer and foreign industrial sources, the 10,000 dwt tweendecker trio is slated for delivery from Janu...
HHI Group rounding off rebuilding
Hyundai Heavy Industries (HHI) Group is putting the final piece of its grand scheme of restructuring which has been carried out since the end of last year. HHI also seems to have almost finished its management improvement plan with the recapita...
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