Navig8 receives new product tanker [Shipbuilding]
Navig8 Product Tankers Inc. (the "Company") (N-OTC: EIGHT) announced on May 19 that it has taken delivery of the Navig8 Gratitude, a 113,000 DWT LR2 tanker from Guangzhou Shipyard International Company Limited ("GSI"), formerly CSSC Offshore &...
2017-05-23 07:25:22
Albwardy Damen wins two ship repair awards [General]
Albwardy Damen has recently received two shipyards awards in the space of just 4 weeks.  On the 19th of April, during the MASTECH conference in Dubai, Albwardy Damen received the prestigious Best UAE Shipyard Award for 2017.   The...
2017-05-23 07:23:12
Columbia Shipmanagement attains DNV GL certification [General]
DNV GL has recently confirmed that Columbia Shipmanagement complies with the highest standards in energy and safety management. Torsten Schramm, President at DNV GL – Maritime, recently presented the ISO certification for the standards ISO 5000...
2017-05-23 07:21:19
Dual-Fuel ME-GIE passes gas trial [Equipment]
It turned out that the world’s first ME-GIE (-Gas Injection Ethane) two-stroke engine has successfully passed gas trials on board the ‘Gaschem Beluga’, an LEG (liquefied ethylene gas) carrier, while sailing between Houston and the Bahamas. ...
2017-05-23 07:18:50
K-Fleet Logbook extended by Marshall Islands [Shipping]
The Maritime Administrator of the Marshall Islands has recently extended its approval of the sophisticated K-Fleet Logbook system, enabling over 4000 flag state registered vessels to introduce digital reporting for oil record and garbage record l...
2017-05-23 07:16:09
Korean shipping companies seek Chinese yard [Shipbuilding]
Of the 20 vessels ordered by Korean shipping companies this year, seven vessels are built domestically while the remaining 13 vessels are built at Chinese shipyards. The proportion of orders placed in the domestic market is 35%, much lower than t...
2017-05-23 07:12:22
Korea to set up evaluation model for ship price [Shipbuilding]
With a view to blocking low price orders in shipbuilding industry and promote the healthy loans of financial policy institutes, the Export-Import Bank of Korea (Korea Eximbank) has set out on the establishment of 'evaluation model for reasonable ...
2017-05-23 07:11:14
KHI plans restructuring in ship & offshore [Shipbuilding]
Executive from Ship & Offshore Structure Company at Kawasaki Heavy Industries held a press conference on May 18 and explained its business policy. The plan is to increase construction volume by strengthening integrated operations at two jo...
2017-05-23 07:09:54
DSME appoints management committee head [General]
Kim Yoo-Sik, former vice chairman and custodian of STX Pan Ocean, has been appointed as the chairman of management normalization committee at Daewoo Shipbuilding & Marine Engineering.   According to an announcement by Korea Development...
2017-05-23 07:09:08
DSME in trouble for receiving creditor supports? [Finance]
One investor in the corporate bond of Daewoo Shipbuilding & Marine Engineering is causing anxiety about receiving supports from creditors.  The indebted Korean shipbuilder originally planned to resume stock trading in August after rec...
2017-05-23 07:08:21
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