HMD bags feeder boxship ships
Hyundai Mipo Dockyard (HMD) is said to have won new containerships from Japan. Japanese trading enterprise Itochu Corporation has booked more than one 1,800-teu feeder containerships at HMD based on a long-term charter deal signed with Korea's...
"HHI expected to see loss in 1Q"
KB Securities announced on April 2 that Hyundai Heavy Industries' (HHI's) profit and loss seem to have negatively been affected by rising fixed costs and material costs, as well as falling ship construction prices amid a decrease in revenue, whic...
SM KLC books VLCC duo at DSME
SM KLC (Korea Line Corporation) announced on April 2 that the Korean shipping company signed a contract with Daewoo Shipbuilding & Marine Engineering (DSME) for the construction of two 300,000 dwt very large crude carriers (VLCCs, Hull Nos. 5...
DSME adds three VLCCs
Daewoo Shipbuilding & Marine Engineering (DSME) again proved its competence in crude carrier segment with latest VLCC orders. DSME announced on April 2 that it took an order for two VLCCs from SM KLC, plus another one VLCC from a European ...
WinGD X-DF dual-fuel unit demonstrates operation
WinGD and Wärtsilä Gas Systems announced on March 29 that they have successfully tested a NG-VOC (Natural Gas - Volatile Organic Compounds) fuel mix for the WinGD X-DF engine, selected to power two 125 000 dwt Shuttle Tankers for AET. Guests...
LH buys ShinaSB site
Korea Land & Housing Corporation (LH) signed a contract covers the purchase of the site of its compatriot shipbuilder ShinaSB Yard on March 29 as a part of Korean New Deal project that aims to revamp Tongyeong City, South Gyeongsang Province,...
JMU expected to win 32 NBs in FY 2017
Shinjiro Mishima, President & CEO at Japan Marine United (JMU), has recently had a press conference and presented the current state of the company's business and future management plan. Regarding the current market condition, accordi...
Korea starts building ICT convergence tower
Ulsan Metropolitan City had a groundbreaking ceremony for the 'High-tech Town' on March 28 at the Ulsan Techno General Industrial Complex, Duwang-dong, Nam-gu, Ulsan, Korea. The town is an infrastructure of 'ICT convergence Industry4.0S ...
JMU to build Canadian ice-breaking bulker
Japanese shipbuilder Japan Marine United recently announced that it signed a building contract for a 31,000-dwt ice-breaking bulker with Canadian shipping company Fednav through the intermediation of Sumitomo Corporation. This is the third ice...
"DSME reigning LNG segment"
Daewoo Shipbuilding & Marine Engineering (DSME) is reigning over LNG carrier market, taking eight units out of 16 units which were ordered so far this year. Park Moo-Hyun, a researcher at Hana Financial Investment reported on March 30 that...
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