COMEC wins domestic tanker trio, again
Chinese tanker owner/operator Shanghai North Sea Shipping has reportedly ordered three new tankers at a domestic shipyard. According to foreign media and industry sources, the shipowner turns out to have inked three 69,000-dwt tankers from CSS...
Tianjin Xingang won a ferry
COSCO Qingdao, a Chinese state-run shipping company seems to be poised to enter passenger ship business, ordering a Ro-Pax ferry. The company is understood to have ordered a 14,000gt ferry which can accommodate 700 passengers at Tianjin Xingan...
HPWS won four Greek boxships.
CSSC affiliated Huangpu Wenchong Shipbuilding Company (HPWS) is understood to be awarded four new containerships from Cape Shipping, a Greek shipping company. Foreign media reported that two parties agreed to build two 2,700teu feeders and ano...
STX "to lead mid-sized segment"
STX O&S CEO Jang Yoon-geun, through New Year address, set ‘survival’ the first priority and presented three core strategy for the goal. “To enhance our safety awareness, we will strengthen related teams with expert knowledge. We will...
HMD "14 more ships coming"
Hyundai Mipo Dockyard (HMD) set its 2018 construction goal at 55 units, which is 14 more than last year, with a revenue target of KRW2.76trn, 15% increase from the last year. HMD CEO Han Young-Suk revealed such goals in his New Year address on...
[2018 New Year's Address] DSME CEO Chung
“We are at the end of the tunnel. However, the outside does not seem to be an easy way. The current situation is still tough and strong KRW is weakening our competitiveness. The price of our products is now 30-50% level from the peak time. And ...
HSHI "targeting $3.4bn"
In his New Year address, Yoon Moon-Gyun, Hyundai Samho Heavy Industries (HSHI) CEO stated that “HSHI is targeting $3.4bn of order intake and KRW2.5trn of revenue this year. While the situation is perilous, we can turn this crisis into opportuni...
Irish Continental Group invests to build cruise ferry
Irish Continental Group plc (“ICG”) has entered into an agreement, with the German company Flensburger Schiffbau-Gesselschaft & Co.KG (“FSG”), whereby FSG has agreed to build a cruise ferry for ICG at a contract price of €165.2 mill...
GasLog places a newbuilding order at SHI
GasLog Ltd. ("GasLog", NYSE: GLOG), an international owner, operator and manager of liquefied natural gas ("LNG") carriers, announced on January 2 that it has ordered a newbuild 180,000 cubic meter vessel with XDF propulsion from Samsung Heavy In...
SHI reduces executives by 30%
Samsung Heavy Industries (SHI) reduced the number of its executives by 30% at the end of 2017 in an effort for its business structure to be reshuffled, following a low-cost and high-efficiency model. With the goal of dealing with 2018 bu...
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