Shipbuilding
"Shipbuilding will be born again"
Korean government decided a massive restructuring in shipbuilding industry to support the industry which has been suffering from the global slump, low ship price, harsh competition and shrinking employment. The government is going to build opt...
2018-04-06 07:08:04
Samsung garners deal for up to four LNGCs
Samsung Heavy Industries has won a newbuilding order for 174,000-cbm LNG carriers, resuming order-intake for its one of best selling products. The Korean shipbuilding stalwart says Thursday morning that it has signed a contract with a foreign ...
2018-04-05 11:17:15
MES secures three domestic ultramaxes
Japanese shipbuilder Mitsui Engineering & Shipbuilding (MES) is understood to have won a newbuilding contract for three 64,000-dwt ultramax bulkers from Osaka Asahi Kaiun. According to foreign sources, Osaka Asahi Kaiun, a family-run opera...
2018-04-05 07:29:58
Hornbeck cancels two MPSVs
US offshore operator Hornbeck Offshore Services announced through a regulatory filing that it is halting its OVS fleet expansion it has pursued since 2011, canceling the last two units. The company stated that it “provided notice of terminat...
2018-04-05 07:29:36
Torm exercised MR options at GSI
Danish PC operator Torm announced on April 3 that it exercised an option for three MR newbuildings at Guangzhou Shipyard International (GSI). The three units, which would cost around a total of $93m, are expected to be delivered between 2019 and ...
2018-04-05 07:25:32
Korean court conducts inspection on Sungdong
Changwon District Court of Korea conducted on-the-spot inspection on Sungdong Shipbuilding and Marine Engineering on April 3.  After receiving an application form from the debt-ridden shipbuilder for the process of rehabilitation, the cou...
2018-04-05 07:25:06
HHI runs voluntary layoff again
Hyundai Heavy Industries (HHI) runs a voluntary layoff program again in two years as it gets harder for the company to operate business in the aftermath of 2016's new order drought.   The Korean shipbuilding tycoon announced on April...
2018-04-05 07:24:16
Thick plate goes up for 1H
It is learned that Korean major steel mills and 'big3' shipbuilders have agreed to a KRW50,000 markup for the thick plate in 1H 2018. Still manufacturers have suggested KRW100,000 of markup entering this year, however, the margin was mitigated...
2018-04-05 07:23:49
DSME nets VLCC orders back to back
Daewoo Shipbuilding & Marine Engineering (DSME) announced on April 4 that the Korean shipbuilding heavyweight has won two very large crude carriers (VLCCs) from the US shipowner. The new vessels are slated for delivery by the first quarter...
2018-04-04 10:46:33
Huntington Ingalls awarded NSC
Huntington Ingalls Industries’ (NYSE:HII) Ingalls Shipbuilding division received a $94 million fixed-price contract from the U.S. Coast Guard today to purchase long-lead materials for a 10th National Security Cutter (NSC). “National Securi...
2018-04-04 07:10:39
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