CSSC won two domestic VLGCs
CSSC-affiliated yard Jiangnan Shipyard is understood to won two VLGCs from Hong Kong-based energy firm Fortune Oil. According to TradeWinds and industry sources, two parties agreed to build two new 84,000cbm VLGCs at around $136m without...
India now eyes LPG carrier
India, recently frustrated at the failure of venture for the construction of the large LNG carrier, is understood to be eyeing on LPG carriers now. According to local media, The Government of India has held a high-level meeting in last Decembe...
"HMD has a lot of capital"
It is said that Hyundai Mipo Dockyard (HMD) would not increase capital by issuing new stocks like Hyundai Heavy Industries (HHI) as the company's cash and cashable assets exceed KRW 150bn (approximately $140.7m). Yang Hyung-Mo, a researcher at...
HHI wins VLGC trio from Kuwait?
It is known that the Kuwait Oil Tanker Company (KOTC), a Kuwait's state-owned tanker operator, and Hyundai Heavy Industries (HHI) signed a letter of intent (LOI) for the construction of three very large gas carriers (VLGCs). According to...
"2018's boxship orders to up slightly"
It turned out that new containership orders increased sharply last year, and the upturn is expected to continue this year slightly but surely. According to Alphaliner, last year's boxship contracts stood at 671,641 teu, up by 139.5% against 28...
HHI preparing for smaller revenue
Hyundai Heavy Industries (HHI) announced on a regulatory filing on January 3 that its 2017 revenue (separate basis) is estimated to be KRW10.0364trn, and 2018 revenue is estimated to be KRW7.9866trn. It means that the company is preparing 20.4% l...
"2018, the year of green transition"
The industry is heating up with expectations for the transition in marine fuel, especially LNG. Titan LNG, a Dutch LNG bunkering company recently stated that 11% of newbuildings ordered in 2017 will feature LNG propulsion system, and the tre...
HHI won TMS Cardiff LNG ship
Christos Economou-led TMS Cardiff Gas turned out to have ordered up to three LNG carriers at Hyundai Heavy Industries. On its webpage, TMS Cardiff Gas announced on January 4 that it placed the first order (1+1) for ‘X Carrier’ series. Th...
To be or not to be: Sungdong&STX’s March
STX O&S and Sungdong Shipbuilding and Marine Engineering are at the edge of life and death. The due diligence process started at the end of last year can end up with liquidation. According to the industry, Sungdong has received a request t...
BAE Systems wins multple US Navy deal
BAE announced on January 3 that it is awarded a multiple modernization deal from US Navy. First, BAE Systems has received a $41.6 million contract from the U.S. Navy to modernize the guided missile destroyer USS Oscar Austin (DDG 79). T...
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