Korea to invest $13bn in shipbuilding hub regions [Finance]
The private investment of KRW 15trn (approximately $13.3bn) is to be made for five Korean regions concentrated on shipbuilding business, which are in trouble resulting from global recession. The Ministry of Trade, Industry & Energy (MOTIE)...
2017-03-02 07:06:59
Korea’s waste shipyard site transforms [General]
Due to shipbuilding industry recession, waste shipyard sites in Geoje and Tongyeong, Korea, will be transformed into a tourism resource in Geoje and Tongyeong. This benchmarks the fall of the shipbuilding industry in the late 1980s and the tra...
2017-03-02 07:06:30
Global regulations significantly affects TK market [Shipping]
It is analyzed that strengthening environmental regulation across the globe will have a major impact on the tanker market for the next five years. McQuilling Services, a global shipping broker and advisory services firm, recently selected regu...
2017-03-02 07:06:04
New Times offers ‘crazy’ financing terms [Shipbuilding]
While New Times Shipbuilding was reported to have talks with Navig8 Group for construction of 4+4 LR2/Aframax(115K) tankers, the Chinese shipyard is offering “crazy” financing terms to attract orders. According to TradeWinds, Minsheng Fina...
2017-03-02 07:05:32
Pan Ocean invests in pulp carrier quintet [Shipbuilding]
Pan Ocean announced through a regulatory filing on February 28 that the Korean shipowner plans to invest around KRW 165.5bn (approximately $147m) in building five open hatch type pulp carriers.  The investment aims to build ships for perf...
2017-03-02 07:04:19
Shin Kurushima wins chemical TK pair [Shipbuilding]
Norwegian shipowner Odfjell has ordered two 35,500 dwt chemical tankers from Shin Kurushima Dockyard. Odfjell said on February 27 that it signed long term charter agreements for two chemical tankers with stainless steel cargo tanks, for constr...
2017-03-02 07:03:41
HHI installs VR safety experience hall [General]
Hyundai Heavy Industries is the first in the industry to introduce safety education through virtual reality (VR) and to set up an integrated control center to serve as a safety control tower for the entire company. On February 28, Hyundai Heav...
2017-03-02 07:03:09
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