Korea recovers 1st place in July [Shipbuilding]
The Korean shipbuilding industry beat China and reclaimed the top spot in the global newbuilding competition in July this year.   According to Clarksons Research, Korea ranked first in July with a total of 306,000 cgt (9) in newbuilding or...
2017-08-14 07:14:57
Ouhua wins feeder boxship duo [Shipbuilding]
China's privately-run shipyard Zhejiang Ouhua Shipbuilding is said to have won up to four (including two options) 2,700 teu feeder containerships from Cape Shipping of Greece.  Prices of the ships which are slated for delivery in 2019 are...
2017-08-14 07:13:18
Socatra orders MR PCs from Korean and Chinese yards [Shipbuilding]
STX Offshore & Shipbuilding turns out to have signed a letter of intent (LOI) with Socatra, a French operator, for the construction of 2+2 MR 50,000 dwt product carriers (PCs).  According to foreign presses and industrials sources, So...
2017-08-14 07:12:21
Vale's VLCC program begins [Shipbuilding]
Brazil's mining giant Vale starts replacing its very large ore carrier (VLOC) fleet, raising market expectations on new ship orders.  According to TradeWinds and industrial sources, the Brazilian company considers that its ships, which ar...
2017-08-14 07:11:35
YZJ sold off its two subsidiaries [Finance]
As a part of the disposal of its non-core businesses, Yangzijiang Shipbuilding (Holdings) Group (YZJ), one of the largest privately-owned shipbuilders in China, turns out to have sold stakes in its two subsidiaries. According to a foreign medi...
2017-08-14 07:10:34
Aulong wins second ferry order [Shipbuilding]
Aulong Shipbuilding, a joint shipyard between Austal Limited of Australia and Guangdong Jianglong Shipbuilding Company of China signed the second newbuilding order for ferry since established.  Aulong Shipbuilding has been awarded a 35m l...
2017-08-14 07:09:53
Japan imported more Korean steel in 1H [Equipment]
Japan turns out to have imported a lot more Korean steel products in 1H 2017 in aftermath of fire accident at the Oita steel mill of Nippon Steel & Sumitomo Metal Corp(NSSMC), Japan's largest steel maker. According to the Japan Iron and St...
2017-08-14 07:09:09
SHI announces safety practice ‘master plan’ [General]
Samsung Heavy Industries (SHI) settled its master plan for safety practice through a ‘safety strategy meeting’ on August 3, and Dae-young Park, president of SHI explained the plan to the whole employees on August 4 through broadcasting. Pr...
2017-08-14 07:07:25
"Big growth expected in FSRU market" [Offshore]
It is expected that the scale of global FSRU market will be on the significant rise in the next few years as a number of new operators are trying to enter the market. Johan Petter Tutturen, Business Director at Gas Carriers division of DNV GL,...
2017-08-14 07:06:03
ASEF to have IMO observer status [Shipping]
The Active Shipbuilding Experts' Federation (ASEF), an international shipbuilding industry group led by Japan, is expected to acquire the observer status of the International Maritime Organization (IMO) that it seems to be possible to reflect voi...
2017-08-14 07:04:44
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