Maersk Tankers invests in CargoMetrics [Shipping]
Maersk, the world's biggest container shipping company, said Wednesday that it has entered into an equity agreement with U.S. hedge fund CargoMetrics, giving it access to analytical models and algorithms to better manage its tanker operations. ...
2017-08-25 07:16:54
YZJ to establish JV for equipment manufacturing [Offshore]
Yangzijiang Shipbuilding (Holdings) Group (YZJ), one of the largest privately-owned shipbuilders in China, has penned an agreement with compatriot Zhejiang Chankong Steel Pipe and Shanghai Puhe Metallurgy to establish a joint venture (JV) for off...
2017-08-25 07:16:10
HMD starts construction of Ro-Pax [Shipbuilding]
Hyundai Mipo Dockyard started construction of Ro-Pax after 15 years. The shipyard had a steel cutting ceremony for the 31,000gt Ro-Pax (No. 8249)  awarded by "Weidong Ferry", a joint venture between Korea and China, at its yard on August ...
2017-08-25 07:15:39
HHI suspends operation by division [Shipbuilding]
Hyundai Heavy Industries has decided to suspend work as it is expected to have large-scale idle workers due to lack of work. The company announced on August 23 that it had explained to the union its plan to implement work suspension from Septe...
2017-08-25 07:15:08
HHI donates 'HiMSEN' engine to university [Equipment]
Hyundai Heavy Industries has recently donated its self-developed 'HiMSEN' ship engine (8H17/28) to Pukyong National University of Korea. The university announced that it hosted the HiMSEN engine donation ceremony on August 23 at its Yongdang C...
2017-08-25 07:14:43
China takes 41% share of global NB deliveries [Shipbuilding]
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 07:13:30
HMD loads high-manganese steel LNG fuel tank [Equipment]
On August 20 at its dock no. 3, Hyundai Mipo Dockyard (HMD) loaded LNG fuel tank onto a 50,000dwt bulker with hull no. 6156, which is being built for Ilshin Shipping.   The tank, manufactured by a expert company in Busan and transported ...
2017-08-25 07:12:59
Korean government to support RG for small shipyards [Finance]
The Korean government will support about 30 small-sized shipbuilders with special refund guarantee (RG) program worth KRW100bn until 2020, utilizing public financial institutes and national finance.   Ministries concerned including Financi...
2017-08-25 07:11:42
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