Korea topped in Q1
Korean shipbuilding industry has secured the global top place in Q1 order intake pushing China away. According to Clarksons Research, Korea had scored 2.63m cgt during Jan-Mar period. This is significantly larger than China’s 1.96m cgt and Japa...
VARD signs letter of intent for two cruise vessels
VARD announced on April 4 that the company has signed a Letter of Intent (“LOI”) for the design and construction of two cruise vessels for Viking. The potential contract value for two vessels is expected to be approximately NOK 4.5 billion...
Global Wind Summit coming soon in Hamburg
It’s only six months now until the start of the Global Wind Summit in Hamburg, the biggest and most important meeting of the wind industry worldwide. It combines the world’s leading wind industry expo WindEnergy Hamburg with the global confer...
HMD calls GSD order "Groundless"
While market heard a news saying Turkish bulker operator GSD Holding has placed its first tanker order at Hyundai Mipo Dockyard (HMD), it turns out to be a false alarm. According to recent reports from foreign media, the company allegedly have...
"Shipbuilding will be born again"
Korean government decided a massive restructuring in shipbuilding industry to support the industry which has been suffering from the global slump, low ship price, harsh competition and shrinking employment. The government is going to build opt...
Samsung garners deal for up to four LNGCs
Samsung Heavy Industries has won a newbuilding order for 174,000-cbm LNG carriers, resuming order-intake for its one of best selling products. The Korean shipbuilding stalwart says Thursday morning that it has signed a contract with a foreign ...
MES secures three domestic ultramaxes
Japanese shipbuilder Mitsui Engineering & Shipbuilding (MES) is understood to have won a newbuilding contract for three 64,000-dwt ultramax bulkers from Osaka Asahi Kaiun. According to foreign sources, Osaka Asahi Kaiun, a family-run opera...
Hornbeck cancels two MPSVs
US offshore operator Hornbeck Offshore Services announced through a regulatory filing that it is halting its OVS fleet expansion it has pursued since 2011, canceling the last two units. The company stated that it “provided notice of terminat...
Torm exercised MR options at GSI
Danish PC operator Torm announced on April 3 that it exercised an option for three MR newbuildings at Guangzhou Shipyard International (GSI). The three units, which would cost around a total of $93m, are expected to be delivered between 2019 and ...
Korean court conducts inspection on Sungdong
Changwon District Court of Korea conducted on-the-spot inspection on Sungdong Shipbuilding and Marine Engineering on April 3. After receiving an application form from the debt-ridden shipbuilder for the process of rehabilitation, the cou...
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