KR paves the way to autonomous navigation
The Korean Register of Shipping (KR) commenced research on ‘condition-based maintenance system for autonomous vessel’ with Hyundai Ocean Service, toogram systems, T1 Information Technology, and the Korea Institute of Marine Science & Tech...
Wenchong tipped for 16 boxships
CSSC-affiliated Guangzhou Wenchong Shipyard is tipped for a massive feeder deal, it is said. According to foreign media and industry sources including Splash and Braemar ACM, the yard is now the most prominent candidate for Wan Hai Lines’ 8+...
Fincantieri to build two cruises
Fincantieri has signed a memorandum of agreement (MoA) with Princess Cruises, brand of Carnival Corporation & plc, the world’s largest cruise ship operator, for the construction of two next-generation 175,000-ton cruise ships which will be ...
VARD nets new cruise ship duo
Fincantieri-affiliated Vard Holdings, a Singaporean offshore and specialized vessel builder, announced on July 24 that it has won two expedition cruise ships from Viking Cruises, the US cruise operator. The value of a contract the two companie...
'Smart Ship & Shipbuilding Forum' held initial sem...
Experts from industry, academia, and research institutes were gathered to innovate maritime industry through ICT convergence. Ulsan city and Maritime ICT Convergence Council announced that they held a seminar on ‘Smart Ship & Shipbuild...
HMD's 2Q profit reaches $12.3m
Hyundai Mipo Dockyard (HMD) announced through a regulatory filing on July 23 that its 2Q operating profit (on a separate basis) was KRW 13.97bn (approximately $12.3m), representing a 63.1% year-on-year decrease. The revenue in the same p...
HHI plans to win order selectively in 2H
Hyundai Heavy Industries (HHI) announced through its 2Q earnings conference call on July 23, "Given our relatively stable order cover, we are fully capable of winning new orders selectively in future. Also, our sales strategy for the latter half ...
DSME completed Mangalia disposal
Daewoo Shipbuilding & Marine Engineering (DSME) announced on July 23 through a regulatory filing that it completed KRW23.9bn of the transaction to sell its share in Daewoo-Mangalia Heavy Industries (DMHI), a Romania-based subsidiary yard, wit...
Keppel’s 1H 2018 net profit up 38%
Keppel Corporation Limited (Keppel) reported a net profit of S$583 million for half year ended 30 June 2018, 38% higher than the S$423 million achieved a year ago. Stronger contributions from the Property and Infrastructure divisions more than ...
VLCC price peaked in three years
The price of very large crude carrier (VLCC) has jumped to its highest level in nearly three years. VLCC prices Korean and Japanese shipyards currently offer have surpassed a $90m level for the first time since 2015, Charles R. Weber Com...
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