ClassNK receives Clean Shipping Award [General]
It turned out that Leading classification society ClassNK received the Clean Shipping Award at the 29th Seatrade Awards held at Grosvenor House, City of London on 30 June for its efforts to improve the standards of ship recycling through its Prim...
2017-07-06 07:22:55
Socatra eyes MR newbuilds [Shipbuilding]
French shipowner Socatra Shipping looks to order up to eight MR tanker newbuildings from Chinese and Korean shipyards.  Accoridng to industry sources, the Laurent Bozzoni-led shipowner has inked an LOI for construction of 2+2 50,000dwt ta...
2017-07-06 07:20:42
SITC likely to order feeder boxships [Shipbuilding]
It is known that SITC International, a Hong Kong-listed operator, gets ready to turn to new ship order sales market.  According to an analyst at a security company under the Bank of Communications Limited (BoCom) of China, SITC, headed by...
2017-07-06 07:19:11
KMOU LINC+ project team poineers overseas market [Offshore]
Korea Maritime and Ocean University LINC+ project team announced plans of 11 times of global marketing supports during the second half of the year. The Korea Maritime and Ocean University is expected to lead the overseas market development for sh...
2017-07-06 07:17:40
State-run ship financing body must be established [Finance]
It has been suggested that the establishment of a state-run maritime finance corporation is essential for the virtuous cycle of shipping, shipbuilding and finance. Bae Geun-Ho, a professor at Dong Eui University, will presenting his opinions o...
2017-07-06 07:16:33
Busan to promote entry into offshore wind power [Equipment]
Busan Metropolitan City of Korea has recently announced that a briefing session will be held on July 7 at the Korea Marine Equipment Research Institute's (KOMERI's) Mieum Research Center, Gangseo County, Busan Metropolitan City of Korea, to discu...
2017-07-06 07:14:16
SWS brings counteraction against PSV cancellation [Shipbuilding]
CSSC-affiliated Shanghai Waigaoqiao Shipbuilding (SWS) set a counter fire towards Pacific Radiance which has recently cancelled a deal for building two platform supply vessels (PSVs) and requested refund of the relevant payment.  On Decem...
2017-07-06 07:13:22
Need to learn lesson from 'the 1970s crash' [Shipbuilding]
Shipping is a cyclical industry and the current situation puts pressure on shipbuilders which have poor order covers. Even though it seems that shipyards are facing a severe glut of fleet now, Clarksons pointed out that it is not the first time i...
2017-07-06 07:12:18
Exmar secures FLNG final financing [Finance]
Belgian owner Exmar successfully secured required $200m financing for FLNG newbuilding delivery.   The company announced that Bank of China, Sinosure, and a European bank are providing the finance for its FLNG, which had been set for opera...
2017-07-06 07:11:26
Shipyards' hope rising with S&P market warmth [Shipbuilding]
Second-hand vessel price, a leading indicator of newbuilding price is showing steady rise, arousing hopes for full-scale vessel price rise. According to Clarksons Research, the second-hand ship price index in the last week of June recorded 88p...
2017-07-06 07:09:30
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