Korea launches shipbuilding-ICT convergence council [Shipbuilding]
A private-led 'shipbuilding and offshore ICT convergence council' with the Industry-University-Institute-Government Collaboration will be launched in Ulsan on May 31. According to Ulsan city, the 'shipbuilding and offshore ICT convergence coun...
2017-05-29 07:08:15
Dubai plans $1bn shipping investment fund [Shipping]
Dubai, UAE, is looking into creating a $1bn investment fund focused on shipping to develop the Gulf city's maritime industry. According to Reuters, Dubai Maritime City Authority (DMCA) was examining ways to establish a fund to provide financia...
2017-05-29 07:07:30
DSME finished sale of subsidiary WELLIV [Finance]
Daewoo Shipbuilding & Marine Engineering announced on May 25 that the Korean indebted shipbuilder approved the sale of its subsidiary WELLIV to a private equity investment firm. The sales of 100% stakes Daewoo holds in WELLIV amounts to appro...
2017-05-29 07:06:49
HHI succeeds in signing more VLCC [Shipbuilding]
It turned out that Enesel of Greece exercised one 300,000 dwt very large crude carrier (VLCC) option at Hyundai Heavy Industries.  The Korean shipbuilding giant signed a contract with the Greek shipowner for the construction of two 'Tier ...
2017-05-29 07:05:25
HMD bags up to four MR tankers [Shipbuilding]
Hyundai Mipo Dockyard is said to have signed a contract with Union Maritime of the UK for building up to four MR tankers worth $128m in total.  According to TradeWinds, Union Maritime placed an order for 2+2 50,000 dwt tankers at the Kore...
2017-05-29 07:04:40
MR tanker order spree expected [Shipbuilding]
As the exchange rate for dollars to won, which influences to a change in ship price, gets stronger, a Korea industry expert has recently analyzed that MR tanker price shows rebound trend.  Park Moo-Hyun, an analyst at Hana Financial Inves...
2017-05-29 07:03:47
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