Three Korean equipment providers to reorganize business [Equipment]
The Ministry of Trade, Industry and Energy (MOTIE) of Korea held the 11th deliberative committee meeting on to discuss the business reorganization plan July 6 and set the seal on reshuffle plans of its three compatriot companies Il Shin PTFE, Aha...
2017-07-10 07:13:15
Daehan won up to eight LR2 tankers [Shipbuilding]
Daehan Shipbuilding won a newbuilding order for up to eight LR2 tankers from Singapore BW Group worth about $360m in total.   According to TradeWinds, the owner ordered eight 115,000dwt product tankers including six firm vessels and two op...
2017-07-10 07:12:11
Scrapping old vessels creates jobs [Shipbuilding]
As a way to create jobs in the shipbuilding industry, early scrapping of old ships with newbuilding replacement is pointed out. Professor Kim Young-Hoon, professor at Kyungnam University's Shipbuilding and Marine Systems Engineering, presented...
2017-07-10 07:10:34
Global Marine Plaza held in Singapore [Equipment]
Singapore branch of Korea Marine Equipment Association (KOMEA) held '2017 Global Marine Plaza' in Singapore from July 3 to 6. A total of 17 marine equipment companies of Korean tried to seek breakthrough at this export business meeting to info...
2017-07-10 07:09:50
Sefine wins well-boat duo [Shipbuilding]
Sefine Shipyard of Turkey turns out to have won up to four well-boats (including two options) from DESS Aquaculture Shipping, headed by John Fredriksen.  Among the 3,500 cbm vessels, the two firm ones are slated for delivery in 2019. Late...
2017-07-10 07:08:30
DSME can start debt-for-equity swap [Finance]
Daewoo Shipbuilding & Marine Engineering announced on July 7 that the Supreme Court of Korea rejected an individual bondholder's suit against the debt rescheduling program drawn up by the cash-strapped shipyard's creditors. With this, Daew...
2017-07-10 07:07:52
[Feature] LNG-fueled Ship Era Began [Shipbuilding]
With global environmental regulations getting more stringent in the maritime industry, LNG is increasingly chosen for vessel fuel. This feature will cover the industry’s response to the already begun LNG fuel ship era and expected future trend....
2017-07-10 07:06:23
Implementation of BWMC delayed by two years [Equipment]
At the IMO's Marine Environment Protection Committee (MEPC 71) which was held in the first week in London of the UK, it turned out that a two-year postponement of the Ballast Water Management Convention's (BWMC's) entry-into-force was confirmed.&...
2017-07-10 07:05:18
HMD owns MR tanker market [Shipbuilding]
Industry sources expected that Hyundai Mipo Dockyard (HMD) will dominate MR tanker market, as SPP Shipbuilding shut down in the first half year while STX Offshore & Shipbuilding and Sungdong Shipbuilding & Marine Engineering expects only ...
2017-07-10 07:03:56
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