HMM-Big3 sign LOI for new boxships
HMM announced on June 15 that it signed LOI for new boxships with Korean Big3 yards. HMM and Big 3 officials held signing ceremony on June 15, and the main contract will be striked in no time, it is said. The liner operator has chosen Daewo...
Korea likely to see losses in VLCC
Against a backdrop of rising production costs, the more Korean large shipbuilders build very large crude carriers (VLCCs), the higher their losses will go, an industry expert claimed. Jeong Dong-Ik, an analyst from KB Securities o...
Brodosplit contracted for groundbreaking Expedition ship
Brodosplit has entered into an agreement to construct a groundbreaking new polar expedition ship for Quark Expeditions, a member of the Travelopia group and the Leader in Polar Adventures. Built to Polar Class 6 standard, the ship is designed ...
SeaRobotics delivers autonomous survey vehicles
SeaRobotics Corporation (SeaRobotics) recently announced the delivery of two additional 2.5 meter autonomous unmanned surface vehicles (USVs) to the Canadian Hydrographic Service (CHS), a part of Fisheries and Oceans Canada, bringing the fleet to...
Busan builds high-speed vessel design support center
Busan Metropolitan City announced that with Korea Institute for Advancement of Technology (KIAT) and Research Institute of Medium & Small Shipbuilding (RIMS), it is establishing ‘design support center for high-speed vessel.’ The projec...
HMD completes new block factory
Hyundai Mipo Dockyard (HMD) recently completed the construction of new block factory in Ulsan. The factory includes nine buildings and testing facility, it is said. The site on which the new block factory is built had been the offshore divisio...
Hurtigruten acquires Kleven Verft
It was reported that Norwegian cruise operator Hurtigruten is acquiring a compatriot yard, Kleven Verft. KVE Holding under Hurtigruten is acquiring 100% share of Kleven Verft, Kleven Maritime Contracting, and Kleven Maritime Technology of Klev...
SWS sells stakes in equipment subsidiary
CSSC-affiliated Shanghai Waigaoqiao Shipbuilding (SWS) turns out to have liquidated some part of its stakes in one equipment subsidiary. The Chinese shipbuilder is said to have recently sold its 26% shares in CSSC Shenghui Equipment to Rongshe...
Imabari to build Greek VLCCs
The largest Japanese shipbuilder Imabari Shipbuilding is poised to win VLCC contract. It is said that Navios Maritime Group led by Angeliki Frangou is about to order multiple VLCCs. According to TradeWinds and Greek industry, Imabari recent...
Damen completes refurbishment project of Sea Installer
Damen Shiprepair Dunkerque (DSDu) has completed an eight-day refurbishment project for the 132-metre DP2, self-propelled, jack-up vessel Sea Installer. Operated by A2SEA, which was purchased in 2017 by DEME’s subsidiary GeoSea, Sea Installer wa...
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