SHI, "Stena Semi-sub rig cancelled" [Offshore]
Samsung Heavy Industries said through a regulatory filing on June 2, "Stena has notified us of the termination of the contract due to default of Samsung based on the initial contract, and has requested payment of $215m plus delayed interest payme...
2017-06-05 07:12:13
Marinpet plans to order LNG-fueled Chem TK [Shipbuilding]
Marinpet Petrol Denizcilik is said to have pushed ahead with the construction of advanced LNG-fueled small chemical tankers. According to TradeWinds, the Turkish shipowner/operator plans to place an order for two LNG-powered chemical tankers f...
2017-06-05 07:10:24
HHI lands VLCC order [Shipbuilding]
It has been confirmed that Hyundai Heavy Industries won an order to build two VLCCs for Hong Kong shipowner Tai Chong Cheang Group (TCC Group). According to TradeWinds, TCC confirmed the order for VLCCs placed at Hyundai Heavy Industries. ...
2017-06-05 07:08:51
DSME names world's first ice-breaking LNGC [Photo News]
A naming ceremony for the world's first ice-breaking LNG carrier that was built by Daewoo Shipbuilding & Marine Engineering was held in Saint Petersburg of Russia, on June 3. On the day, 140 guests including Vladimir Putin, Russian Preside...
2017-06-05 07:07:14
DSME names world's first ice-breaking LNGC [Shipbuilding]
A naming ceremony for the world's first ice-breaking LNG carrier that was built by Daewoo Shipbuilding & Marine Engineering was held in Saint Petersburg of Russia, on June 3. On the day, 140 guests including Vladimir Putin, Russian Preside...
2017-06-05 07:06:27
"Systematic financial support for shipbuilding" [Finance]
Zhin Woong-Seob, governor of the Financial Supervisory Service said, "We will provide systematic and stable financial support to dramatically enhance the competitiveness of the shipbuilding and shipping industry of Korea." At the '2017 Busan M...
2017-06-05 07:05:23
Korea Eximbank & K-Sure provide PF for Coral [Offshore]
The Export-Import Bank of Korea (Korea Eximbank) announced June 1 that it provides project finance (PF) of $1bn for the Coral South floating liquid natural gas (FLNG) project in Mozambique.  The Korea Gas Corporation (KOGAS) participates ...
2017-06-05 07:04:13
1Q NB order intakes poorer year on year [Market Information]
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...
2017-06-02 17:11:36
Prices of main ship types rebounded [Market Information]
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...
2017-06-02 17:10:00
SHI scores $2.5bn Coral FLNG [Photo News]
Samsung Heavy Industries has landed a $2.5bn order to build a floating LNG (FLNG) unit for the Coral FLNG project off Mozambique, the Korean shipbuilder said on June 2. Featuring a length of 439m, a width of 65m with a 38.5m height, the facili...
2017-06-02 10:36:39
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