CSL enlarges repairing footprint
Cochin Shipyard Ltd (CSL) has signed MOU with Mumbai Port Trust (MbPT) to enhance its repair facilities and services. According to local media, two parties is enhancing and upgrading facilities in Indira Dock at Mumbai, building additional flo...
"Return on LNGC investment going faster"
While it is expected that the global LNG market would face a shortage of natural gas supply in 2020, LNG prices and LNG shipping spot rates are likely to rise in the mid- and long-term. In other words, the return on investment (ROI) in LNG carrie...
DSD extends option exercise
It turned out that DSD Shipping has extended a period for exercising one additional MR tanker option which was attached to a contract signed with Hyundai Mipo Dockyard (HMD). The Stavanger-based tanker operator ordered up to four 5...
CSIC wins another jumboisation work
It turns out that CSIC again won a jumboisation work from a major shipping company. According to foreign media and industry, CMA CGM has ordered a jumboisation work for four container ships to enlarge them from 13,800-teu to 17,000-teu at CSIC...
Xiangyu awarded 10 Ultramax BCs
Tokyo-based Nisshin Shipping turns out to have booked a total of 10 63,500 dwt Ultramax bulkers at Nantong Xiangyu Shipbuilding & Offshore Engineering of China. Brokers said the newbuildings were ordered from December to January this...
Japan escapes from great order slump
Japanese shipbuilders succeeded in escaping from the shade of the historic order drought of 2016, and are expected to continue their recovery trend for some time. According to recent statistics from Japan Ship Exporters' Association (JSEA), la...
"Last crisis comes in 2018-19"
A Korean industrial expert forecasted that this year will mark the last crisis in shipbuilding industry which has gone through tough time for 10 years since the global financial crisis began. Yang Jong-Seo, a Senior researcher from...
JDP to test biodegradable lubricants by DNV GL
Classification society DNV GL announced on January 16 that it has launched a new joint development project (JDP) in cooperation with marine insurers The Swedish Club, Norwegian Hull Club, Gard and Skuld to test the potential influence of Environm...
Kommer Damen opens Damen Area Support China
On 4th December last year, Mr Kommer Damen, Chairman of the Damen Shipyards Group, officially opened Damen’s China Support Company in Shanghai. The company will serve to support Damen’s commercial involvement and development in the region, ge...
Jiangnan won two VLGCs
CSSC affiliated Jiangnan Shipyard won two VLGCs from Oriental Petroleum, a parent company of Chinese LPG trader Oriental Energy. According to foreign media, the yard will build two 84,000-cbm gas carriers, while Lloyd’s Register will classif...
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