KHI won Kumiai VLGC
Kawasaki Heavy Industries (KHI) of Japan has won an order for the VLGC from Kumiai Navigation. Sources said that KHI is planning to build the 84,000-cbm gas carrier at Sakaide Shipyard. Kumiai Navigation is a Singaporean shipowner held by K...
CNOOC to build two LNGBVs
China National Offshore Oil Corporation (CNOOC) is planning to build two LNG Bunkering Vessels (LNGBVs) to provide LNG bunkering service to domestic and foreign ships from 2021. Sources told that CNOOC is mulling on ordering one 6,000-cbm unit...
Hapag-Lloyd to convert large containership to LNG
Hapag-Lloyd will retrofit its 15,000 TEU ship “Sajir” to operate using liquified natural gas (LNG). In future, the engine system will be able to function using either of two types of fuel: LNG or low-sulphur fuel oil (LSFO). The contract for ...
Turkey ratifies ship recycling convention
Turkey, one of the five major ship recycling countries in the world, has ratified the IMO Hong Kong Convention, the treaty for safe and environmentally sound ship recycling. The Hong Kong International Convention for the Safe and Environ...
NGO Shipbreaking Platform released 2018 summary
According to new data released today by the NGO Shipbreaking Platform, 744 large ocean-going commercial vessels were sold to the scrap yards in 2018. Of these vessels, 518 were broken down on tidal mudflats in Bangladesh, India and Pakistan, amou...
Huanghai to build a hybrid passenger ship
Huanghai Shipbuilding of China has won a hybrid passenger-cargo ship from Compagnie Polynesienne de Transport Maritime (CPTM) of Tahiti, French Polynesia. Sources told that the ship, named as Aranui 6, will be delivered in early 2022. While...
HHI Holdings made $777m profit in 2018
Hyundai Heavy Industries (HHI) Holdings announced through a regulatory filing on January 31 that it posted operating profit of KRW 868.6bn (about $776.8m) and revenue of KRW 27.2636trn in 2018. During the fourth quarter of the year, however, it m...
LNGC slot expected to be rare
While Qatar has recently expressed its intention to order around 60 LNG carriers to Korea, it is expected that the value of limited LNG carrier delivery slot will increase more. Park Moo-Hyun, a researcher at Korea's Hana Financial Investment,...
HHI to seek physical division for the new joint company
HHI announced on January 31 that the new joint company with KDB would take a physical division from the original corporate body. The split joint company stays in the stock market, while the corporate body, which will be named as Hyundai Heavy ...
SHI got LOI for canceled ships
Samsung Heavy Industries (SHI) announced on January 31 that the company canceled a contract for three merchant ships it had been awarded from a North American owner back in last July. The company added that a new LOI is already secured for the th...
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