SHI won two shuttle tankers from Teekay [Shipbuilding]
Samsung Heavy Industries (SHI) officially announced on August 25 that it is awarded two shuttle tankers by Teekay Offshore Partners.   The deal is worth KRW309.2bn (about $274m), which amounts to 3.0% of recent revenue, and will start on A...
2017-08-28 07:07:06
HMD has KRW2trn liquidity up its sleeve [Finance]
An analyst estimates liquidity of Hyundai Mipo Dockyard (HMD) to be KRW2trn (about $1.7bn), saying “it has the soundest financial structure in the global yards.”   “In Q3 this year, HMD will record revenue of KRW832bn and operating p...
2017-08-28 07:06:19
Korea Maritime Promotion Agency starts in June 2018 [Shipping]
Korea Maritime Promotion Agency (Corporation) will start operation in June 2018.   Ministry of Oceans and Fisheries (MOF) of Korea, with other ministries concerned, announced the establishment plan for Korea Maritime Promotion Agency on Au...
2017-08-28 07:04:56
China takes 41% share of global NB deliveries [Market Information]
It emerged that a total of global shipyard output from January to July, 2017, stood at 1,003 vessels of a combined 68.60m dwt (22.60m cgt). In July only, particularly, 105 vessels of a combined 8.20m dwt reported delivered throughout the world, c...
2017-08-25 17:10:27
NB orders show 76% yoy increase [Market Information]
2017 newbuilding order intake of global shipbuilding industry through July is estimated to be 409 units at 31.4m dwt (11.3m cgt), showing 76% yoy increase in annualized basis.   According to Clarkson Research, annualized global tanker newb...
2017-08-25 17:08:39
“Steady delivery and drying orderbook” [Market Information]
Global shipbuilders so far this year have delivered a steady amount of ships while recording poor results of order intake, draining orderbook overall.   From the beginning of this year, newbuilding delivery has stayed in high place so far ...
2017-08-25 17:06:39
NB investment up by 58% y-o-y [Market Information]
The global shipbuilders' newbuilding activities have still been maintained at a low ebb this year even though they are getting better slightly compared to 2016. However, the shipbuilders' order value is showing a rising trend. So far this year...
2017-08-25 17:04:51
Prelude FLNG officially classified by LR [Offshore]
Shell’s floating liquefied natural gas (FLNG) facility Prelude has officially entered into Lloyd's Register class. At 488 metres long, 74 metres wide and displacing about 600,000 tonnes of water, Prelude is the largest floating offshore facilit...
2017-08-25 07:20:40
New cruise ship floated out at Fincantieri [Shipbuilding]
MSC Cruises, the Swiss-based world’s largest privately-owned cruise line and market leader in Europe and South America, and FINCANTIERI, heir to the great tradition of Italian shipbuilding and one of the largest shipbuilding groups in the world...
2017-08-25 07:20:07
Keppel wins LNG boxship duo [Shipbuilding]
Keppel AmFELS, a wholly owned subsidiary of Keppel Offshore & Marine Ltd (Keppel O&M) in the United States (US), has secured a contract worth more than US$400m from Honolulu-based Pasha Hawaii for the construction of two Liquefied Natural...
2017-08-25 07:19:28
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