EastMed buys BC resale [Shipbuilding]
Greek shipowner Eastern Mediterranean Maritime (EastMed) has bought a resale of supramax bulker newbuilding from Marubeni Corporation of Japan.  According to broker industry and sources, EastMed acquired a tanker newbuilding  (Hull N...
2017-04-28 07:17:46
HMD posts 11% down in operating profit [Finance]
Hyundai Mipo Dockyard announced through a regulatory filing on April 27 that it posted operating profit of KRW 51.2bn (approximately $45.3m, provisional) for the first three months of 2017, down by 11.1% against a year ago and up by 36.8% compare...
2017-04-28 07:17:23
DongHwa Entec wins LNG facility worth $6.5m [Equipment]
DongHwa Entec, a Korean engineering provider specialized in heat exchanger and energy system, signed a contract worth $6.5m with Wartsila of Finland for supplying LNG vaporization facility. Association of High Potential Enterprises of Korea (A...
2017-04-28 07:17:02
"Doosan Engine to see strong ME-GI sales" [Equipment]
Doosan Engine is expected to improve its profitability by increasing sales of ME-GI (MAN Electronic Gas-Injection) engine developed by MAN Diesel & Turbo. Park Moo-Hyun, a researcher at Hana Financial Investment said, "I expect Doosan Engi...
2017-04-28 07:16:42
OECD to review rules on supports for shipyard [General]
At a meeting hosted by the OECD Council Working Party on Shipbuilding (WP6), regarding protests Japan and the European Union (EU) made against the financial support to be provided for Daewoo Shipbuilding & Marine Engineering, OECD decided to ...
2017-04-28 07:16:08
"More countries need to ratify IMO BWMC" [Equipment]
While the International Maritime Organization's (IMO's) Convention for Ballast Water Management (BWMC) is due to enter into force on September 8 this year, the need has recently been emerged for many more countries to ratify the convention. ...
2017-04-28 07:15:36
Tsuneishi aims to win 50 NBs this year [Shipbuilding]
Tsuneishi Holdings Corporation of Japan held a business information session on April 26 and conveyed that the number of new ships its Tsuneishi Shipbuilding wins will be 50 this year even though it reached eight only last year.  Tsuneishi...
2017-04-28 07:15:15
STX bags 3+1 tankers [Photo News]
STX Offshore & Shipbuilding, which is in receivership, has won first new order in about one year and five months. The Korean shipbuilder announced on April 27 that it was awarded a total of four tankers (including one option) by its two co...
2017-04-28 07:14:52
STX bags 3+1 tankers [Shipbuilding]
STX Offshore & Shipbuilding, which is in receivership, has won first new order in about one year and five months. The Korean shipbuilder announced on April 27 that it was awarded a total of four tankers (including one option) by two compat...
2017-04-28 07:14:08
Korea 1Q NB orders surge 75% [Shipbuilding]
As of the first quarter of this year, global newbuilding market has shown signs of getting over stagnation and especially Korean shipbuilders are experiencing strong gains of new orders. According to Clarkson Research's April report, global sh...
2017-04-28 07:12:46
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