Shipbuilding
Jinglu wins more Ro-Pax ferry
Penglai Zhongbai Jinglu Ship Industry of China turns out to have won one Ro-Pax passenger/car ferry from its compatriot shipowner Changdao Xianglong Shipping. According to broker industry and foreign press, the newbuild, which is capable of ca...
2019-02-19 08:18:25
Daehan wins one more crude oil tanker
Daehan Shipbuilding announced on February 18 that the Korean shipbuilder has won one 157,000 dwt crude oil tanker (Hull No. 5047) from Maran Tankers Management, a subsidiary of Angelicoussis Group.  Park Yong-duk, President & CEO at...
2019-02-19 08:15:16
Valles books Japanese tankers
Valles Steamship of Hong Kong has ordered one crude carrier at a Japanese yard. Foreign media and the industry heard on February 18 that the shipping company led by Koo family recently had ordered a 112,000-dwt Aframax tanker at Sumitomo Heavy...
2019-02-18 15:49:33
Tsakos Energy ordered two Suezmax newbuildings
Tsakos Energy Navigation (TEN) led by Greek shipowner Nikolas Tsakos announced on February 15 that it had ordered two Suezmax crude carriers based on a 5-12 year charter agreement with an oil major company. The company estimated the revenue fr...
2019-02-18 15:32:51
Contour for COSCO Newcastlemax series revealed
Remember the news about COSCO Shipping Bulk, a bulker arm of China COSCO Shipping, ordering a massive Newcastlemax series? More details emerged in the market. TradeWinds and other sources told that the company is poised to order up to 30 units...
2019-02-18 14:51:43
CSSC Chengxi won two mid-size BCs
German bulker operator Oldendorff has ordered two 21,500-dwt bulkers (self-unloading) at CSSC Chengxi Shipyard of China. Splash reported that the newbuildings would feature scrubbers, and are scheduled for delivery in 2020. Oldendorff had r...
2019-02-18 13:53:31
Ground breaking done for CSL's new yard
With an ambition to be a lead player in the Inland water segment which is rapidly evolving in the country, a Joint Venture Company in the name of Hooghly Cochin Shipyard Limited (HCSL) has been formed between Cochin Shipyard Limited (CSL) and Hoo...
2019-02-18 11:39:16
Sungdong's $1.24bn overdue bond written off
It turned out that the overdue bonds of Korean corporations decreased sharply last December including those of Sungdong Shipbuilding & Marine Engineering, KRW 1.4trn (about $1.24bn), which was written off.   Korean companies saw ...
2019-02-18 08:25:51
HHI union calls for vote on strike & tentative agreement
The Hyundai Heavy Industries (HHI) branch of the Korean Metal Workers' Union (KMWU) announced on February 14 that it will hold votes through a general meeting scheduled on February 20 on both the strike and wage and collective negotiation. &...
2019-02-18 08:25:32
"HHI-DSME merger would bring the LNGC price up"
A major market player predicted that the acquisition of Daewoo Shipbuilding & Marine Engineering by Hyundai Heavy Industries (HHI) would bring up the LNG carrier newbuilding price further. GasLog CEO Paul Wogan recently commented that "Hav...
2019-02-18 08:24:39
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