China releases 4th 'White List' [Shipbuilding]
China's 'White List', which aims to choose top yards and reinforce them with government support, turns out to have recently been reorganized. The Ministry of Industry and Information Technology (MIIT) of China has recently released the fourth ...
2017-05-01 07:21:24
Industry minister visits Sunbo Industries [General]
The Korean Trade, Industry and Energy Minister Joo Hyung-Hwan made a visit to the production site of Sunbo Industries, an eco-friendly marine equipment manufacturing company, on April 28. Sunbo is producing gas compressor, re-gasification equi...
2017-05-01 07:20:30
SHI shows gain three quarters in a row [Finance]
Samsung Heavy Industries released its provisional business results for the first quarter of 2017 through a regulatory filing on April 28. The Korean shipbuilding heavy weight posted revenue of KRW 2.4370trn (approximately $2.1bn) and operating...
2017-05-01 07:18:57
World's orderbook plummeted by 31% [Shipbuilding]
Global newbuilding orderbook stood at 3,363 units, 195.40m dwt (79.70m cgt) as of the end of March this year, showing a sharp decrease of 31% year-on-year. The March figure also showed a 3.5% drop against the previous month. According to Clark...
2017-05-01 07:17:55
STX Engine-Alfa Laval ink BWMS MOU [Equipment]
STX Engine announced on April 27 that the Korean engine manufacturer signed a memorandum of understanding (MOU) with Alfa Laval for the sales and retrofit of ballast water management system (BWMS) on April 21.  While the International Mar...
2017-05-01 07:15:45
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