Upturn expected in freight charge·NB price in 2018 [Shipbuilding]
An industry expert has recently expected that a recovery in Korean shipbuilding industry will be accelerated in 2018 on the strength of rising freight charges and newbuilding prices.   Hwang Eo-Yeon, a researcher from Shinhan Investment o...
2017-09-20 07:48:57
Korea dominates 41% of new orders in Jan-Aug [Shipbuilding]
The global shipbuilding industry’s new orders signed from January to August this year amounted to 489 units, or 35.3m dwt (12.7m cgt), up 69% year-on-year in terms of dwt.   According to Clarkson Research’s monthly report, by vessels t...
2017-09-20 07:47:50
DSME-Iran MOU for jack-up expires [Offshore]
Daewoo Shipbuilding & Marine Engineering (DSME) announced on September 18 that the validity of MOU it signed with an Iranian customer expired by September 17, being terminated without any further related discussion.   In its announ...
2017-09-20 07:46:02
KR joins Green Award [General]
Korean Register has joined Green Award as a part of its incentives program, offering Green Award certificate holders a special discount on a subscription to its database of IMO instruments - KR CON. Ships certified by the Green Award Foundatio...
2017-09-19 07:16:57
Nordic-Dalryba join hands in designing crab-boat [Shipbuilding]
Nordic Engineering JSC and Dalryba PJSC have signed an agreement on cooperation in designing a sea-going crab-boat.  The document has been signed on 14 September 2017, at the Global Fishery Forum & Seafood Expo in Saint-Petersburg &nb...
2017-09-19 07:15:47
CMA CGM confirms new ULC order [Finance]
The Board of Directors of the French group CMA CGM, one of the world leaders in maritime container transport, met to review the accounts for the second quarter of 2017. Q2 Activity and Financial Results During Q2 2017, volumes carried grew ...
2017-09-19 07:15:12
TechnipFMC nets EPCI deal from Hurricane Energy [Offshore]
TechnipFMC has been awarded an Engineering, Procurement, Construction and Installation contract from Hurricane Energy PLC. The contract covers the provision of subsea equipment including umbilicals, risers, flowlines and the subsea production ...
2017-09-19 07:13:11
Transas introduces new survival craft simulator [Equipment]
Transas has recently announced that the company introduced a new Survival Craft Simulator (SCS) to prepare crew for the multitude of possible scenarios that can occur during lifeboat drills, aiming to address one of the most notorious sources of ...
2017-09-19 07:12:39
Norsafe-Kongsberg develop unmanned ship [Shipbuilding]
It turned out that Norsafe has been working alongside Kongsberg to develop an Unmanned Surface Vessel (USV) to act as a combined autonomous and data collection platform with different sensors.   Kongsberg selected Norsafe AS as a partner f...
2017-09-19 07:12:11
CSC-SBICO to reduce shipbuilding capacity [Shipbuilding]
Sinotrans & CSC Shipbuilding Industry (CSC-SBICO) is reducing its capacity to cope with the recession of the shipbuilding market.   According to TradeWinds, CSC-SBICO, currently, with Jinling Shipyard, Qingshan Shipyard, Yichang Shipya...
2017-09-19 07:11:44
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