Korea expects 38% decrease in delivery
Global shipyard output stood at 475 ships of a combined 30m dwt (11.9m cgt) in the four months. In the full year 2018, according to Clarkson Research, deliveries are forecast to reach 79m dwt, representing a 19% y-o-y decline compared to 2017...
SHI won four shuttle tankers
Samsung Heavy Industries (SHI) announced on June 1 that it took an order for four 152,700-dwt suezmax shuttle tankers from a major tanker operator, AET of Singapore, at around $360m. Shuttle tankers are vessels transporting crude oil from of...
Taizhou Sanfu won foreign bulker/MPPs
It is understood that Meghna Group of Industries (MGI) of Bangladesh have ordered an ultramax bulker at Taizhou Sanfu Ship Engineering of China. According to foreign media and industry, two parties signed a deal to construct one 64,000-dwt bul...
Chengxi heaping newbuilding orders
CSSC-affiliated Chengxi Shipyard seems to be poised to win up to eight wood-chip carriers from Singaporean owner Nova Shipping. According to foreign media and industry, the negotiation on 4+4 50,000-dwt units is coming to an end, and final con...
HHI Holdings partners with Naver
A robotics division of HHI Holdings, a holding company of Hyundai Heavy Industries Group and Naver Labs signed MOU for joint development of robotics business on May 28. Two parties agreed to join forces in development and manufacturing of ‘s...
USC discusses building 50 dry cargo ships
United Shipbuilding Corporation (USC), the largest state-owned shipbuilding group in Russia, is likely to win a large number of new dry cargo ships from its compatriot shipowner. USC President Aleksei Rakhmanov has recently said through ...
CMES-ICBC make investment in VLOC project
China Merchants Energy Shipping (CMES) has recently announced that the company and ICBC Financial Leasing (ICBCFL) make cooperation to invest in very large ore carriers (VLOCs) which will be used for a contract of affreightment (COA) signed with ...
GasLog announces newbuilding order at SHI
GasLog Ltd. (“GasLog”) (NYSE:GLOG) announced on May 30 the signing of a seven year time charter party (the “Charter”) with a wholly owned subsidiary of Centrica plc. (“Centrica”) for a newbuild LNG carrier. A 180,000 cubic meter LN...
"Shipbuilding needs more time to recover"
Baek Woon-Kyu, the Minister of Trade, Industry & Energy of Korea, said, "Korean shipbuilding industry is showing signs of recovery, but it takes more time to add warmth to shipyard construction sites and boost local economy." During ...
Greece-Russia join forces for maritime industry
It is understood that Russia and Greece have been active for the establishment of maritime joint ventures. Dimitrios Velanis, the special advisor on Russian relations to the Greek prime minister told a Russian media outlet that they are seekin...
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