NACKS awarded VLCC trio
Two Japanese shipowners placed an order at a joint venture shipbuilding enterprise between China and Japan for three very large crude carriers (VLCCs). According to foreign media outlet and broker market source, Iino Kaiun Kaisha and Mitsui &a...
CSSC nets huge deal for 10 boxships
China State Shipbuilding Corp (CSSC) turns out to have signed a huge contract with French liner heavyweight CMA CGM for building containerships. According to foreign press and industrial source, CMA CGM ordered 10 15,000 teu containerships fro...
Mitsui E&S sees 54% upturn in new orders
Mitsui E&S Holdings announced on February 7 that its Ship business segment logged a revenue of about JPY 69.5bn (approximately $633m) from April to December 2018, representing a 19% year-on-year decrease. The shipbuilding division al...
Korea ranked No.2 in NB orders
While the growth of new order intakes in global shipbuilding industry slows down in January 2019, prices of vessels in which Korean shipyards have strength (including LNG carrier) continuingly rise. According to Clarkson Research, ...
HHI union warns of dispute against the merger
Korean Metal Workers' Union Hyundai Heavy Industries (HHI) Branch urged the management on February 12 to stop the merger process with Daewoo Shipbuilding & Marine Engineering (DSME) and start a dialogue with the union. It also said that the u...
Eco-LNGBV built by HMD christened
It turned out that the world's largest LNG bunkering vessel (LNGBV) was named the 'Kairos' in Hamburg, Germany, on February 11. Annegret Kramp-Karrenbauer, who succeeded Angela Merkel as leader of Germany's Christian Democratic Union (CDU) in Dec...
HHI topped in 2018 delivery
During 2018, global shipyards have delivered a total of 1,267 ships of 79.7m dwt (30.2m cgt). It was 19% and 10% decrease in terms of dwt and cgt respectively. The number is expected to reach 80.7m dwt in 2019 and 73.5m dwt in 2020. Clar...
Korean capacity decreased to 2007 level
Prolonged restructuring has decreased the shipbuilding capacity of Korea to 2007 level, a report said, while utilization rate made a growth in 2018 in three years, thanks to removed excessive capacity and order intakes. Statistics Korea, Korea...
Probunkers plans to order multiple LNGBVs
Athens-based offshore LNG infrastructure developer Probunkers is preparing for placing a large scale LNG bunkering vessel (LNGBV) order. According to TradeWinds and industrial source, the Greek company has contacted several shipyar...
Where is Exmar VLGC duo heading?
The interest is focused on the status of two very large gas carriers (VLGCs) Exmar ordered from the Subic shipyard of Hanjin Heavy Industries and Construction Philippines (HHIC-Phil) for a fixed charter deal signed with Equinor. Accordin...
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