Tristar orders four more HMD TKs
Tristar Group turns out to have ordered four 25K IMO type 2 chemical tankers through its affiliated company Eships at Hyundai Mipo Dockyard (HMD). TradeWinds and other industry sources said that the ships would be put into Shell’s ‘Project...
HK Shipbuilding to establish JV in Russia
HK Shipbuilding, in its pursuit to enter the Russian fishing vessel shipbuilding market, is to establish a joint venture in Russia with a local partner, Slavyanka Shipyard. HK and Slavyanka Shipyard under Berkut Group signed a contract to es...
Damen Yichang laid keel of LNGBV
After the steel-cutting ceremony in March the keel-laying ceremony has taken place at Damen Yichang Shipyard in China for the LNG Bunker vessel for the new energy brand ELENGER, formerly known as Eesti Gaas. The event was attended by Mr. Ain Hans...
J-ENG reveals new engine at BARI-SHIP
Japan Engine Corporation (J-ENG) exhibited at “BARI-SHIP 2019”, one of the biggest maritime exhibitions held in Imabari city, Ehime Prefecture from May 23 to 25, 2019. Many people related to the shipping industry including ship owner and ship...
Asian renewables expected to surpass O&G
There is an expectation that investment in renewable energy sector throughout Asian regions excluding China will exceed that in upstream segment of oil & gas industry as early as 2020. Rystad Energy forecasted that the capex of renewable e...
STX O&S inks LOI for up to 10 MR tankers
Capital Maritime & Trading led by Greek shipowner Evangelos Marinakis is to order up to 10 MR product carriers (PCs) from STX Offshore & Shipbuilding (STX O&S). According to foreign press and broker source, Capital has recently sig...
Dynagas bags options at HHI
Greece shipping player Dynagas turns out to have options for two more LNG carriers at Hyundai Heavy Industries (HHI). Sources told that Dynagas is behind the two large LNGC newbuildings HHI revealed last week, and two optional units were also ...
Maersk orders LR2s in China
Maersk Product Tankers has confirmed the order for the remaining four of ten LR2 newbuildings from Dalian Shipyard. The order is part of an ongoing fleet renewal programme in the LR2 segment. “We are building the LR2s to ensure we have a ...
"Korean yards' cash flow improved"
Korean shipbuilders have seen improvements in their cash flow with a background of the sale of undelivered drillship and an increase in yard output. Park Moo-Hyun, a researcher at Korea's Hana Financial Investment, said, "Shipbuilding industry...
Korean mid-yards won only four NBs in 1Q
It turned out that Korean mid-sized shipbuilders were awarded four newbuilds of a combined 80,000 cgt only for the first quarter of 2019, down by 20.7% over the same period of 2018. The figure represents 1.4% of new order intakes of global mid-si...
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