Ulsan's ship exports hit its lowest in 15 years
Ulsan Metropolitan City, one of the Korean shipbuilding hubs, recorded exports of KRW 33.14bn (approximately $29.6m) in the first half of 2018. representing a 2.9% year-on-year decrease. From January to June this year, according to a report th...
NB deliveries show decline in 1H
It turned out that global shipbuilders delivered 691 newbuildings of a combined 45.3m dwt (17.3m cgt) in the first half of this year, down by 7% (in terms of dwt) over the same period a year ago. The whole output in full year of 2018 is projected...
Korea supports local ship launching works
South Jeolla Province of Korea announced on July 24 that it sets up a joint launching field for small- and mid-sized ships with a help from state funding. The province will spend a total of KRW 13.7bn (approximately $12.24m) including KR...
Mirae Heavy Industries to build new yard in Goseong
South Gyeongsang Province, Goseong County, and Mirae Heavy Industries signed an investment agreement worth KRW75bn. Goseong announced that the representatives of the three parties have signed the agreement on July 24. According to the...
HMD smiles at US chemical export surge
Hyundai Mipo Dockyard (HMD) is expected to benefit from the export surge of chemical products from North America. Yoo Seung-Woo, an analyst at SK Securities commented on July 26 that “HMD’s main offerings are the ones that transporting eth...
Ecochlor wins BWTS deal for 55 Scorpio tankers
US-based Ecochlor, Inc. announced on Tuesday that a contract for 55 Ecochlor Ballast Water Treatment Systems (BWTS) has been signed with Scorpio Tankers Inc. (Scorpio Tankers) for retrofit on their product carriers. Scorpio Tankers will ...
Oshima wins kamsarmax duo from US owner
Japan's Oshima Shipbuilding has won an order for two 84,000-dwt bulkers from US shipowner Foremost Group. According to Greek shipbroker Allied Shipbroking, the vessels are scheduled for delivery in 2020 and 2021. Foremost Group has been bus...
First Russian LNGBV emerges next year
The first Russian-built LNGBV is emerging by the end of 2019, sources said. Anton Lytskevich, a representative of Krylov State Research Centre (KSRC), a Russian state-run vessel design center, said so in a recent conference at Saint Petersburg...
Sembcorp turns to red in 1H
Sembcorp Marine of Singapore announced that its profitability weakened while revenue rising in 2Q. Its Q2 revenue recorded yoy 151% growth at SGD1.627bn, while net loss widens from Q2 2017’s net profit SGD5.1m to SGD55.6m. The company said t...
Keppel O&M saw weak 1H result
Singapore Keppel Corporation said that its Q2 2018 net profit reached SGD246m, which is yoy 44% increase. Its 1H net profit also enjoyed yoy 38% increase at SGD583m. On the other hand, Keppel Offshore & Marine (Keppel O&M) recorded SGD...
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