ClassNK grants AIP to KHI LNG-fuelled bulker
Leading Classification Society ClassNK granted an Approval in Principle (AIP) based on its Rule Part GF which adopts IGF Code (regulation for ships using low-flashpoint fuels) to Kawasaki Heavy Industries (KHI) for their project on the concept de...
Brittany Ferries statement on FSG & Honfleur
Brittany Ferries released a statement on FSG financial position and Honfleur delivery: "Brittany Ferries is aware of press reports regarding financial setbacks at FSG, the German shipyard where its next ship is under construction. FSG has made...
POSCO products attain 'EPD'
POSCO announced on January 27 that the Korean steel giant's five products such as plates, wire rods, plated steel sheets (HGI), giga steel (980DP), and high corrosion-resistant steel plates attained 'Environmental Product Declaration (EPD)' certi...
Korea promotes ship repairing·retrofitting cluster
South Gyeongsang Province of Korea had the final presentation on a study for ship repairing and retrofitting cluster on January 29 at the Gyeongnam Provincial Government Office, Korea, in front of officials from the Gyeongnam Marine Equipment Ass...
2018 global NB orderbook sees 4.6% downturn
Global newbuilding orderbook stood at 3,118 units, 207.8m dwt (79.9m cgt) as of the end of December last year, showing a decrease of 4.6% against a year ago in dwt terms. As of the end of December in 2018, according to Clarkson Research, the b...
HHI and KDB sign 'Shipbuilding Consolidation' agre...
Hyundai Heavy Industries Group revealed today that the company has signed a basic agreement with Korea Development Bank for 'Shipbuilding Consolidation Corporation Establishment'. HHI Group explained that it would attract investment by the sta...
"HHI's move to buy DSME is industrial reshuffle"
Regarding Hyundai Heavy Industries (HHI) that has recently been moving to take over Daewoo Shipbuilding & Marine Engineering (DSME), Choi Jong-gu, Chairman at the Financial Services Commission (FSC) of Korea, noted on January 31, "Things depe...
Acquisition LOI under review for Orient Shipyard
The disposal of Orient Shipyard’s Gwangyang Yard is trying another round this time. The yard is one of the largest repair yards in Korea, and multiple disposal attempts were made since 2014 to repay debts. It is said that a Korean securities...
Greeks behind HHI’s first VLCC deal this year
It seems a Greek owner is behind the 2+1 VLCC deal Hyundai Heavy Industries (HHI) Group recently won from ‘a European owner.’ Sources told that Evalend Shipping of Greece has made the deal worth around KRW320bn. Lloyd’s List reported ...
First design for pure-electric tanker completed
Asahi Tanker Co. Ltd, together with its partner Exeno-Yamamizu Corporation Tokyo, has jointly developed the new domestic shipping tanker design which incorporates “zero emission electric propulsion”. In anticipation of future adaptations t...
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