DP World to acquire DMC and Drydocks [Finance]
DP World Limited announced on 18 September that it has entered into agreements to acquire Maritime World LLC, the 100% owner of Dubai Maritime City (DMC), for a purchase consideration of US$ 180 million and to buy 100% of Drydocks World LLC (Dryd...
2017-09-21 07:25:42
Russia to build LNG bunker barge [Shipbuilding]
Russian Maritime State Agency Rosmorport is likely to build a 3,000-5,000 cbm LNG bunkering vessel.  According to industry sources, Rosmorport could build an LNG bunkering vessel with a 3,000 to 5,000 cbm capacity in an effort to meet the...
2017-09-21 07:22:14
Sasaki wins two LPG carriers [Shipbuilding]
Toda Kisen based on Shikoku, Japan, has placed an order to build two gas carriers at domestic shipyard Sasaki Shipbuilding. The 5,000cbm LPG carriers are expected to be delivered in 2019. Established in 1963, Toda Kisen has been operating 22 s...
2017-09-21 07:20:51
Gazprom to introduce converted FSU [Offshore]
Gazprom has recently selected an LNG carrier to convert into FSU (Floating Storage Unit). The 14-years-old unit will be utilized in Portovaya LNG export project which will be built in Baltic Sea coast.   According to TradeWinds and industr...
2017-09-21 07:19:09
Busan Industry to diversify abroad business [Equipment]
Busan Metropolitan City and the city’s industry leaders are targeting overseas markets which have established shipbuilding industry, such as Russia and Poland.   According to the city, 10 local equipment manufacturers are visiting Saint ...
2017-09-21 07:18:15
NSSMC raises thick plate prices [Equipment]
Japan's largest steelmaker Nippon Steel & Sumitomo Metal Corp (NSSMC) said it will increase the price of thick plates (store sales) used in shipbuilding and construction by JPY 3,000 per ton from the contract in October. The decision to ra...
2017-09-21 07:17:30
LNG-powered ship project forum held [Shipbuilding]
The GCCC-SOP, the Global Core Research Center for Ships and Offshore Plants at Pusan ​​National University, will hold a 'Strategic Forum for Promoting LNG-powered Ship Projects' at the Auditorium of the Korea Marine Equipment Research Institu...
2017-09-21 07:16:09
"$45-60/bbl Brent, the new norm till 2020" [Offshore]
It is predicted that $45-60/bbl Brent may be the new norm until 2020. However, utilization of offshore drilling facilities are improving and the orderbook of offshore mobile unit is projected to bottom out in 2019. Jeon Hyun-Buki, Director of ...
2017-09-21 07:14:51
China reduced yoy drop through August [Shipbuilding]
Chinese shipyards have reduced yoy drop in order intake from January through August, recording 11.3% yoy decrease at 15.85m dwt. Jan-Jul yoy drop was 25.1%.   According to the China Association of the National Shipbuilding Industry (CANSI)...
2017-09-21 07:13:54
CMA CGM finalized nine mega boxships [Shipbuilding]
French shipping giant CMA CGM held a signing ceremony with China State Shipbuilding Corporation (CSSC) for nine 22,000teu container ships in Marseille, France on September 19 (local time).   Prior to this, Shanghai Waigaoqiao Shipbuilding ...
2017-09-21 07:12:58
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