DSME bags Posidonia newbuilding orders
Daewoo Shipbuilding & Marine Engineering has succeeded in securing newbuilding orders during Posidonia exhibition in Greece, again. The Korean shipbuilder signed a contract with Alpha Gas S.A. of Greece to build one LNG carrier, which ...
LR granted AIP to new bulker design
Presentation of the Approval in Principle (AiP) to Shanghai Waigaoqiao Shipbuilding Co., Ltd (SWS) was made in a ceremony at the LR stand, 4.201, at Posidonia 2018. SWS and LR have agreed to jointly develop an LNG dual-fuelled Newcastlemax 210...
YZJ’s May worth $$580m
Yangzijiang Shipbuilding (Holdings) Group (YZJ) turns out to have secured newbuilding orders of nine ships worth a total of around $578m in May. The nine units contained five 12,000-teu boxships, two 208,000-dwt bulkers, and two 82,000-dwt bul...
Daehan clinches Aframax TK duo
Daehan Shipbuilding turns out to have won two new Aframax tankers from Tsakos Energy Navigation (TEN) of Greece. According to a foreign media outlet, the two companies seems to have signed a formal contract during this year's Posidonia e...
Techcross BWTS won USCG type approval
USCG has issued type approval on June 5 to Korean engineering company Techcross’ BWTS, for the first time in Korean industry, and as the seventh approval in the world. Its BWTS solution, ECS (Electro-Cleen System) satisfied all standards req...
Angelicoussis betting on higher LNGC price
An influential figure in the shipping world predicted that LNG carrier price will pass $200m in next 12 months. At Posidonia 2018 which is being held in Athens, Greece, Greek shipping magnate John Angelicoussis expressed such an idea, mentioni...
UPA replacing old tugs with LNG ships
The Ulsan Port Authority (UPA) announced on June 4 that it is planning to replace old tugboats with new, LNG-powered ones. Tugboats have been pointed out as one of the major sources of air pollution and PM, as it consumes much fuel for high en...
KOMEA sends trade delegation to Thailand
The Korea Marine Equipment Association (KOMEA) dispatched a trade mission to Bangkok, Thailand, on May 30, together with the LINC+ project team of Korea Maritime and Ocean University (KMOU). During the event, Korean shipbuilding and offshore e...
"Shipbuilding gets momentum after a lull"
Hyundai Merchant Marine (HMM)'s recent decision to order 20 large containerships is expected to stimulate demand for global shipowners' speculative investment, and contribute to rising costs of ships. Lee Kyung-Ja, an analyst with Korea Invest...
New rules drive essential work in Gibdock’s direction
The need for ship owners to comply with new rules on environmental responsibility should not disguise the fact that choosing the right repair facility is a critical commercial decision, according to Gibraltar-based Gibdock. With owners r...
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