"Shipbuilding is rebalancing, not dead"
An industry expert argued that the current challenge shows a ‘rebalancing’, not a general declination. Joachim Brodda of Balance Technology Consulting, a German consulting company, presented such ideas on January 9, at a policy forum in Ko...
"Shipbuilding will return after the challenge"
Last few years, dark clouds of excessive supply, shrinking order, low ship price, and the weak offshore market have been hanging over the head of shipbuilding industry. And the decisive recovery is yet to come, allowing only shorter, temporal rec...
First milestone for Ulstein designed cruise vessel
The steel cutting ceremony of the first polar new build in the Lindblad Expeditions-National Geographic fleet was carried out on Friday morning, 5 January 2018. The vessel, yard number 312 at Ulstein Verft, will be ready for her first expeditions...
MHI's two arms launched
Mitsubishi Heavy Industries' (MHI's) two merchant shipbuilder arms Mitsubishi Shipbuilding Co., Ltd. and Mitsubishi Heavy Industries Marine Structure Co., Ltd. have been operated since January 5, after being launched on January 1. From this mo...
COMEC scores 4+4 tankers
IMC Shipping placed an order at one China's state-owned shipyard for MR tanker newbuildings. According to a foreign press, the Singaporean tanker operator has recently ordered 4+4 55,000 dwt oil & chemical product carriers from CSSC ...
Lavinia orders 3+1 BCs from China
Penglai Zhongbai Jinglu Ship Industry, a Chinese privately-run shipbuilder, turns out to have won up to four Kamsarmax bulkers from Lavinia Bulk, a London-based bulker operator. According to a foreign press, the two companies entered into a co...
Korea's 2017 newbuilding contracts 'triple'
After 2016's the worst order drought, global shipbuilding industry showed a definite recovery trend last 2017. In particular, Korean shipbuilders' new order intakes increased almost three times compared to 2016 (up by about 200%). However, it is ...
Vard wins one new ferry
Vard announced on January 5 that the company has won a contract for the construction of one car- and passenger ferry for Boreal in Norway. The new car- and passenger ferry features a fully electrical battery solution for continuous electric op...
YZJ nets 81K BC quartet
Alpha Bulkers turns out to have ordered four new Kamsarmax bulkers from Yangzijiang Shipbuilding (Holdings) Group (YZJ), one of the largest privately-owned shipbuilders in China. Via its website, the Athens-based bulker operator updated inform...
Bohai seals Newcastlemax BC deals
It is said that multiple global bulker operators placed orders at China's state-owned Bohai Shipbuilding Heavy Industry (BSHIC) for several Newcastlemax bulkers. According to foreign press, James Marshall-led Berge Bulk and John Fredriksen rep...
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