"Korean equipment makers to improve" [Equipment]
As Korean shipbuilding industry is increasingly constructing LNG carriers, competition in the ship engine sector has eased somewhat and the growth potential of related companies is expected to gradually increase in the future. Park Moo-Hyun, a...
2017-05-31 07:13:23
CDB seeks BC newbuilding project [Shipbuilding]
China Development Bank Financial Leasing (CDB FL), a subsidiary of China Development Bank (CDB), is looking for partners in its newbuilding ordering project. According to TradeWinds, CDB FL is reportedly seeking shipowners, lenders and shipbui...
2017-05-31 07:12:01
Taechang's equipment is 'KOMERI' marked [Equipment]
The Korea Marine Equipment Research Institute (KOMERI) held a ceremony on May 29 at its Yeongdo research center to authorize the riser clamp fastening device (model name: TC RC 910 and TC RC 920) of Taechang ENG, a Korean plant manufacturer, to b...
2017-05-31 07:11:01
Vard takes minority stake in two subsidiaries [Finance]
Singapore's Vard Holdings has acquired the remaining stakes in its subsidiaries Vard Promar and Vard Engineering Brevik. Vard announced on May 26 that it acquired the remaining 4.85% stake in Vard Promar SA from an unrelated third party, PJMR ...
2017-05-31 07:10:04
Restructuring Swept Bad Loans Away [Finance]
As the large-scale restructuring of the shipbuilding and shipping industry in Korea is completed, the size of bad loans / debts (non-performing loans / debts) at domestic banks has fallen to pre-global financial crisis levels. According to the...
2017-05-31 07:09:19
1Q NB order intakes poorer year on year [Shipbuilding]
In the first three months of 2017, there have been newbuilding contracts for ships of a combined 4.95m gt reported placed globally, down by 30% year-on-year. It represents poorer results than even 2016 when the worst order intakes ever were recor...
2017-05-31 07:07:25
POSCO likely to order large LNG-powered BC [Shipbuilding]
It is expected that an order for new 180,000 dwt LNG-fueled bulker will be placed as early as this year.   Industrial players who attended a meeting of a private and governmental bureau for vitalizing businesses related to LNG-fueled ship...
2017-05-31 07:06:07
Prices of main ship types rebounded [Shipbuilding]
After a severe order drought, the condition of Korean shipbuilding industry is starting to show signs of recovery on the strength of the rising prices of main ship types.   After an increase in bulker prices last month, according to Clark...
2017-05-31 07:05:22
NSU orders new Valemax backed by COA [Shipbuilding]
Japan's NS United Kaiun has signed a 25-year COA (Contract of Affreightment) with Nippon Steel & Sumitomo Metal and decided to order a 400,000dwt Valemax from a domestic shipyard.   The newbuilding is slated for delivery by September 2...
2017-05-31 07:04:27
Japan supports R&D on autonomous ship [Shipping]
Mitsui O.S.K. Lines, Ltd. (MOL) has recently announced that its joint project with Mitsui Engineering & Shipbuilding Co., Ltd. on developing a technological concept for autonomous ocean transport system, was selected by Japan's Ministry of La...
2017-05-30 07:39:09
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