Wartsila to provide equipment for Virgin Voyages [Equipment]
The technology group Wärtsilä has been contracted to provide a comprehensive scope of solutions for three new 2800 passenger cruise vessels being built for Virgin Voyages. The ships are to be built at the Fincantieri shipyard in Italy. The orde...
2017-07-05 07:18:52
SWS in arbitration process over rig delay [Offshore]
China State Shipbuilding Corporation (CSSC) has announced that Shanghai Waigaoqiao Shipbuilding (SWS) has entered into an arbitration process in London with Singapore owner ESSM over the delivery delay of a jackup rig.  According to a reg...
2017-07-05 07:15:08
Tanker spot rate hit lowest level [Shipping]
Downturn in demand and a steep increase in ship supplies due to OPEC's decision to cut production pushed spot earnings in the tanker market to the lowest levels in four years. The demand growth is also expected to continue until next year, but...
2017-07-05 07:14:19
JP Morgan orders 2+2 Capesize BCs [Shipbuilding]
JP Morgan, the US investment bank, turns out to have ordered up to four Capesize bulkers from a Chinese shipyard.  It is said that CSSC-affiliated Shanghai Waigaoqiao Shipbuilding (SWS) won the 2+2 180,000 dwt bulkers. With prices of abou...
2017-07-05 07:13:27
Korea to materialize ship finance corporation [Finance]
Kim Young-Choon, the minister of the Ministry of Oceans and Fisheries (MOF) of Korea, said that MOF will give shape to the introduction of 'finance corporation for shipbuilding and offshore industry', one of the current Moon Jae-In administration...
2017-07-05 07:12:48
Daehan added aframax tanker duo [Shipbuilding]
Greek owner Metrostar Management Corporation recently has doubled the number of aframax vessels it had ordered at Daehan Shipbuilding. Industry sources said that the owner made an additional order for two 115,000dwt crude carriers in addition ...
2017-07-05 07:11:34
HMD to suspend dock no. 4 [Shipbuilding]
Korean intermediate-ship construction stalwart Hyundai Mipo Dockyard (HMD) is to exercise tentative suspension on dock no. 4, which has focused on PCTCs(pure car/truck carriers) by mid-August. Sources said that while HMD already surpassed the ...
2017-07-05 07:10:44
HMD improves with integrated tank loading [Shipbuilding]
Korea's Hyundai Mipo Dockyard (HMD) recently made major improvement for cargo tanks for newbuilding asphalt carriers. On June 21 at its dock no. 1, HMD successfully loaded integrated cargo tank no. 1 on TIPCO’s 12,000dwt asphalt carrier (hul...
2017-07-05 07:09:40
Industry alliance to support decarbonisation [Shipping]
Thirteen leading shipowners and operators, classification societies, engine builders and suppliers, big data providers and oil companies have signed up to a new Global Industry Alliance (GIA) to support transitioning shipping towards a low carbon...
2017-07-05 07:08:45
"Aframax tanker order to increase" [Shipbuilding]
Demand for Aframax tankers is expected to increase as crude oil production in Libya is likely to recover to its previous level as the technological problems of Libya's largest oil field, Sahara oil, are resolved. Park Moo-Hyun, a researcher at...
2017-07-05 07:06:07
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