How CSSC-CSIC merger affects Korean shipyards?
A merger of two pillars of Chinese shipbuilding industry CSSC and CSIC is expected to lead global competition for low price orders. Yoo Seung-Woo, an analyst at SK Securities of Korea, explained on April 17. "We have studied what affects...
Korea surveying newbuilding demand
The Korean government is moving fast to ignite its five-year shipping rehabilitation plan. The government is now surveying newbuilding demand from domestic shipping companies while drawing ship finance program of Korea Ocean Business Corporation....
ONE considers ordering 20,000 teu sextet
Ocean Network Express (ONE) of Japan is reportedly looking into ordering additional 20,000 teu ultra large containerships (ULCs). President Takafumi Kido noted through a foreign press that the company may order additional six 20,000 teu vessel...
Trader Mitsui orders 82K BCs at China
Japanese trading company Mitsui & Co is understood to have ordered 2+2 82,000-dwt kamsarmax bulkers at Yangzijiang Shipbuilding (Holdings) Group (YZJ). The units will be delivered from end-2019 to 2020, TradeWinds reported, and the price i...
Wuhu to build four new BCs
It is learned that Graig Shipping has ordered four new bulkers at Wuhu Shipyard, located in Anhui, China. The operator located in Cardiff, England is recently said to have been poised to order an ultramax bulker series at Chinese yards in coop...
New Times builds 16 TKs for Navig8
Navig8 Group turns out to have had a total of 16 product tankers in New Times Shipbuilding's order cover. In the UK company's website, eight 49,000 dwt units (for delivery in 2019) and eight 110,600 dwt ships (for delivery from 201...
STX O&S takes additional voluntary retirement application
STX Offshore & Shipbuilding (STX O&S) has recently announced that it receives additional applications for voluntary retirement and job transition to outsourcing companies during April 16-17. A STX O&S official explained, "The lates...
NB crude carrier market heats up
As tanker prices declined, more investors began turning to the speculative asset play as an investment opportunity. Guggenheim Capital from the US is said to have recently ordered two 300K very large crude carriers (VLCCs) from Daewoo Shipbuil...
HHI scores additional two LNGCs
It turns out that Hyundai Heavy Industries have scored additional two LNG carriers. IHS Fairplay reported that Sovcomflot and Knutsen OAS Shipping recently exercised their options for another LNGC unit to add HHI’s orderbook two LNGCs. Ac...
Fredriksen orders well-boats & service vessels
John Fredriksen-led DESS Aquaculture Shipping turns out to have ordered 2+2 additional well-boats from Turkey's Sefine Shipyard. Two firm units of the 3,500 cbm well-boat series are slated for delivery in the first and second quarter 202...
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