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Offshore
Shipbuilding
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FSC Chairman stresses rehabilitation of DSME
[Finance]
Lim Jong-Ryong, chairman of the Financial Services Commission (FSC) of Korea, said on March 23, "Estimates for the loss of KRW 5.9trn (approximately $52.6bn), which is based on the assumption that Daewoo Shipbuilding & Marine Engineering goes...
2017-03-27 07:06:34
"DSME reshuffle to remove uncertainty"
[Finance]
The Korea Investment & Securities analyzed that a plan to promote the restructuring of Daewoo Shipbuilding & Marine Engineering is a positive solution for removing commercial banks' uncertainties on March 24. According to Baek Do...
2017-03-27 07:06:13
"Concern about ABG's ability to keep going"
[Finance]
There is growing concern about India’s largest privately-owned shipyard ABG Shipyard which has recently failed to achieve a debt restructuring against a backdrop of a severe financial trouble. In ABG's business results for the first half of ...
2017-03-27 07:05:52
COMEC wins LR1 TK duo
[Shipbuilding]
China’a state-run shipbuilder CSSC Offshore & Marine Engineering (Group) Company (COMEC) recently succeeded in receiving additional newbuilding order from its existing customer Hafnia Tankers of Denmark. According to TradeWinds and indus...
2017-03-27 07:05:14
"HHI to focus on original competitiveness"
[Shipbuilding]
Hyundai Heavy Industries held the 43rd regular shareholders' meeting on March 24 at the Hanmaeum Hall, Ulsan. Hyundai has appointed Kang Hwan-Gu, representative director (CEO) and president, and Ka Sam-Hyun, president, as its in-house director...
2017-03-27 07:04:05
SHI to develop customized order strategy
[Shipbuilding]
Park Dae-Young, president of Samsung Heavy Industries, said in a greeting at a general meeting of stockholders on March 24, “This year, we will continue our intense management efficiency work,” and added, “We will strive to sell idle ass...
2017-03-27 07:03:07
KOGAS seeks two new LNG carriers
[Shipping]
A number of domestic operators have submitted proposals for Korea Gas Corporation’s two new LNG carrier / bunkering vessels that are for supply of natural gas to Jeju. The 7,500 cbm small LNG carriers to be built by a Korean shipbuilder will...
2017-03-27 07:02:37
China still needs more new orders
[Market Information]
Chinese shipbuilders are seeing an upturn in new ship contracting early this year on the strength of a slight recovery trend in the global shipping industry. However, a decrease in their backlog still continues while the overall industry conditio...
2017-03-24 17:36:23
NB deliveries dropped sharply in Feb
[Market Information]
It emerged that 301 newbuildings of a combined 23.2m dwt (6.9m cgt) were delivered into the world fleet from January to February, 2017, representing a 12% increase in dwt terms, compared to new ship deliveries recorded during the same period a ye...
2017-03-24 17:32:12
Japan shows strength despite orderbook downturn
[Market Information]
The global newbuilding orderbook stood at 3,452 units, 202.60m dwt (81.20m cgt) as of the end of February this year, a decrease of around 30% against a year ago. Clarkson Research reported that the decline in the orderbook comes from the weakn...
2017-03-24 17:29:04
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