DongHwa Pneutec supplies BOG compressor [Equipment]
DongHwa Pneutec, Busan-based manufacturer and supplier of air and gas compressor systems, announced on May 15 that it won a new contract for BOG compressor, which is one of the core systems of 26K LNG FSRU that was awarded at GasEntec from PAX Oc...
2017-05-17 07:11:51
HMD to change PCTC to PC [Shipbuilding]
Hyundai Mipo Dockyard has recently announced through a regulatory filing that the Korean shipbuilder amended a contract it signed with a Marshall Islands-based operator in 2015 for the construction of four pure car/truck carriers (PCTCs).  ...
2017-05-17 07:11:11
Vard turns to red in 1Q [Finance]
Fincantieri-affiliated Vard Holdings, a Singaporean offshore and specialized vessel builder, posted lower revenues of NOK 2.023bn (approximately $236m) in the first quarter of 2017, representing a year-on-year decline of 12%. The poor record t...
2017-05-17 07:10:26
Special inspection on Korean shipyards [General]
The Ministry of Employment and Labor of Korea will implement special inspection on cranes at domestic shipyards. According to industry sources, the labor ministry will organize a special inspection team with 4-40 inspectors for each of the shi...
2017-05-17 07:09:42
Sungdong creditors to ease order criteria [Shipbuilding]
Creditor group of Sungdong Shipbuilding & Marine Engineering has decided to relax the guideline on newbuilding order. The original guideline allows the newbuilding contract only when it guarantees operating profits.  According to indu...
2017-05-17 07:05:35
"Rising TK orders threatening market recovery" [Shipbuilding]
Shipping industry players in the world are raising their vigilance against this year's increase in new orders for crude tankers (very large crude carriers, especially). Spiro Dounis, a shipping analyst at UBS Securities, commented on May 15, "...
2017-05-17 07:04:43
HMD likely to gain benefit from rising MR TK price [Shipbuilding]
Hyundai Mipo Dockyard is expected to record firm business performance as ship price continue to climb on the strength of a decrease in MR tanker deliveries from 2018. Park Moo-Hyun, a researcher at Hana Financial Investment, said, "The value o...
2017-05-17 07:04:01
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