KR-HHI co-develop LNG-powered ship tech
The Korean Register of Shipping (KR) announced on November 21 that it signed co-development agreement with Hyundai Heavy Industries (HHI) for an LNG-powered vessel which was ordered by a domestic shipping company. The agreement sees two partie...
New Times wins 1+1 Suezmax TKs
NGM Energy is said to have entered tanker order sales market for the first time in 10 years. According to TradeWinds and industrial source, the Greek company has recently ordered 1+1 156,000 dwt tankers from New Times Shipbuilding of Chi...
HHI to build three new VLGCs for KOTC
Kuwait Oil Tanker Co (KOTC) turns out to have ordered three VLGC newbuildings from Hyundai Heavy Industries in Korea. According to a report by KUNA on Sunday, the trio will cost KOTC around $213.3m in total. Sheik Talal Khaled Al-Ahmad Al-Saba...
Sapura-Afcons won ONGC offshore work
A consortium formed by Afcons and Sapura Energy was awarded an EPC package for Central Processing Platform (CPP) of KG-DWN-98/2 cluster-2 operated by Oil and Natural Gas Corporation of India. The consortium received Notification of Award for the ...
HMD ships certified as 'World Class'
Two types of ships under construction at Hyundai Mipo Dockyard (HMD) yard is certified as the World-Class Product by the Korean government. HMD revealed that its Bangkok-max Container Carrier and Methanol Carrier are certified as World-Class P...
A survey says China is closing to Korean edge
A survey suggested that China is closing gaps with Korean technologies. Korea Economic Research Institute, an organization under The Federation of Korean Industries (FKI) recently argued that its survey targeting companies in the eight major e...
BMEA sends trade mission to Russia
The Busan Marine Equipment Association (BMEA) sends a trade mission to Saint Petersburg, Russia, during November 26-30. A total of 23 companies applied for the trade mission which has business opportunities with United Shipbuilding Corporation (U...
Maersk promotes feeder order
It seems that AP Moller-Maersk, which had recently released its 3Q business results and announced that there will be no large containership order for a while, is eyeing fleet expansion in feeder sector. According to TradeWinds and ...
Busan calls for governmental supports
Choi Byung-kook, Managing Director at the Busan Marine Equipment Association (BMEA), suggested introducing LNG-powered governmental vessels and supporting the relevant practical study during a debate which was held on November 23 on innovating re...
Latsco makes debut move into LNGC market
Latsco Shipping is to place its first LNG carrier order based on a charter contract. According to TradeWinds and industrial source, the Greek shipowner secured a charter deal from Trafigura and prepares for booking LNG carrier newbuilds ...
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