HHIC won LCU order from DAPA [Shipbuilding]
Hanjin Heavy Industries & Construction (HHIC) announced on June 30 that the company won an order for one 235-ton ‘17-LCU (Landing Craft Utility)’ from Defense Acquisition Program Administration (DAPA).   The order is worth KRW32.6b...
2017-07-03 07:14:50
Ulsan arranges fund for shipbuilding [Finance]
Ulsan City actively supports shipbuilding industry, which is facing difficulties due to a decline in new orders. The shipbuilding hub city of Korea signed a business agreement with Hyundai Technology Investment to improve the shipbuilding indu...
2017-07-03 07:13:58
KOMIPO implementing mandatory low-sulphur fuel oil use [Shipping]
Korea Midland Power (KOMIPO) announced that the company, for the first in Korean power plant industry, is imposing mandatory low-sulphur fuel oil use to all of its bituminous coal carriers using Port of Boryeong to reduce air pollutants.   ...
2017-07-03 07:12:37
Busan industry leaders propose new shiprepair yard [Shipbuilding]
Local commercial and industrial leaders from Busan, Korea submitted a proposal to establish a new shiprepair yard to the Ministry of Oceans and Fisheries of Korea on June 28.   Delegates of the Busan Chamber of Commerce & Industry (BCC...
2017-07-03 07:11:04
Sungdong might secure RG from Korea Eximbank [Finance]
Sungdong Shipbuilding & Marine Engineering submitted an agreement between union and management for an RG issuance to the Export-Import Bank of Korea, the main creditor bank. Kang Kee-Seong, chief of the Sungdong branch of National Metal Wo...
2017-07-03 07:09:18
China to start unmanned cargo ship alliance [Shipbuilding]
‘Unmanned Cargo Ship Development Alliance’ officially started its journey from Shanghai, China on June 28.   The Alliance was founded by the collaboration of HNA Group and China Classification Society (CCS), and many players are partic...
2017-07-03 07:07:49
SWS wins order for two 180K bulkers [Shipbuilding]
Foremost Maritime Corporation recently ordered two 180,000dwt bulkers at CSSC-affiliated Shanghai Waigaoqiao Shipbuilding (SWS).   The two highly energy efficient vessels will be built to the yard's new proprietary design in accordance wit...
2017-07-03 07:06:32
JMU wins one VLCC [Shipbuilding]
Kyoei Tanker of Japan announced on June 29 that it ordered a 311,000 dwt VLCC from domestic shipbuilder Japan Marine United (JMU).  According to industry sources, the newbuilding is slated for delivery in 3Q 2019. Kyoei Tanker explained t...
2017-07-03 07:05:20
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