Wärtsilä chosen for environmentally-friendly dredger
The technology group Wärtsilä will provide the engines, propellers, and control system for a new, large-size hopper dredger being built by the Netherlands-based shipbuilding company Damen Shipyards Group. The vessel has been ordered by Cemex UK...
SWS delivered 20K mega boxship
CSSC-affiliated Shanghai Waigaoqiao Shipbuilding (SWS) recently have delivered one 20,000-teu ULCS to its owner. The vessel, named COSCO Shipping Virgo, features 399.8m of length and 58.6m of width with height up to 73 meters. The ship has bee...
Adjusting to reduced working time in shipbuilding
Facing working time reduction coming into force from July, the shipbuilding industry is adjusting its working scheme for compliance. However, some of the industry are expressing concerns that there is no viable option for complete compliance when...
Korean new shipbuilding 3D CAD unveiled
Korean computer-aided design (CAD) system developer Timetec held an unveiling event for 'TTM (TIMETEC MARINE)', a new 3D CAD system for ship construction works, on May 30, at Westin Chosun Busan, Busan Metropolitan City, Korea. On ...
VLCC newbuilding price heading to $100m ridge
VLCC newbuilding price once hit $150m back in 2008 and then halved in the shades of depression, is again showing a positive signal. VLCC guideline newbuild price by Clarksons last week reached $87.5m, showing $0.5m markup. Recently Hyundai Hea...
Big3 share HMM's mega-ship order
Hyundai Merchant Marine (HMM) announced its chosen builders of its environmentally friendly ULCSs on June 4. The shipping company have sent RFP back on April 10 and informed counterparts of LOI negotiation on June 4 after discussions on delive...
Oman Drydock Company to share visionary plans at Posidonia
Oman Drydock Company’s (ODC) recently appointed Chief Executive Officer, Mr Said bin Homoud Al Mawali will use this year’s Posidonia event, taking place between 4-8 June in Athens, as a platform to share his visionary plans for one of the wor...
DSME won two US VLCCs
Daewoo Shipbuilding & Marine Engineering (DSME) is poised to won two VLCCs from New York-based financial outfit Maritime Partners, it is heard. If the contract is confirmed, Maritime Partners’ orderbook at DSME grows to four units. Accor...
Mitsui E&S boosts cooperation with other yards
Mitsui E&S Shipbuilding, a separate company into which the Ship Division of Mitsui Engineering & Shipbuilding (MES) has been spun off since last April, announced that it will raise a cooperation with another shipbuilders, rather than focu...
Korean ship export slowed down in May
Korea logged $50.98bn (yoy 13.5% increase) of export result, with $44.25bn of revenue (12.6% increase) and $6.73bn of profit (76th consecutive month) in May. According to the Ministry of Trade, Industry and Energy (MOTIE) of Korea, Korea expor...
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