DNV GL gives Shore Power notation on offshore vessel [Offshore]
The offshore vessel KL Sandefjord, owned by K Line Offshore AS, a wholly-owned subsidiary of Kawasaki Kisen Kaisha, Ltd. ("K" Line), is the first offshore vessel with the DNV GL class notation Shore Power. The Shore Power notation verifies the de...
2017-09-04 07:19:35
FPSO Hull for BW Offshore delivered [Offshore]
IHI Corporation (IHI) announced on August 31 that FPSO (Floating Production, Storage and Offloading Unit) Hull for BW Offshore was delivered on August 30. FPSO is a floating vessel used for production and storage of crude oil from subsea oil a...
2017-09-04 07:16:18
Hyundai Samho wins Suezmax TK? [Shipbuilding]
It was reported that Hyundai Samho Heavy Industries has won an order to build four Suezmax tankers from BoCom Financial Leasing, a wholly owned subsidiary of Bank of Communications (BoCom). If the order is true, the number of 157,000dwt tanker...
2017-09-04 07:12:25
Geoje Mayor to visit Russia [General]
Kwon Min-Ho, Mayor of Geoje City, South Gyeongsang Province of Korea, will visit Vladivostok and Khasan of Russia during September 4-8.   Kwon will visit Russia with the goal of find a solution to revitalize Geoje-based shipbuilders by un...
2017-09-04 07:11:44
KT SAT supplies maritime internet to Japan [Equipment]
KT SAT is Korea's No.1 satellite communications service provider, said it signed a partnership agreement with Hun’s Corporation, a Japanese ship network supplier, for distribution of MVSAT (Maritime VSAT, unlimited maritime satellite Internet w...
2017-09-04 07:10:39
Korean institutes to cope with ship regulations [Shipping]
The Ministry of Oceans and Fisheries (MOF) signed a business agreement with the Korea Ship Safety Technology Authority (KST) and the Korean Register of Shipping (KR) on September 1 at KR's headquarters, Busan Metropolitan City of Korea, for copin...
2017-09-04 07:09:48
YZJ to raise funds via private share sales [Finance]
Yangzijiang Shipbuilding (Holdings) Group (YZJ), one of the largest privately-owned shipbuilders in China, is to raise funds of about SGD 209m (approximately $154m) in total through a private share sale, with the goal of providing working capital...
2017-09-04 07:08:26
DSME delayed delivery of two LNG ships [Shipbuilding]
Daewoo Shipbuilding & Marine Engineering (DSME) said on August 31 that it postponed delivery of two LNG carriers for a European shipowner.   The company added that it was requested for an extension from the owner, and is currently in n...
2017-09-04 07:07:46
"Long-awaited exit is opening next year" [Shipbuilding]
After last year’s extreme recession and somewhat limited recovery this year, 2018 is expected to show a full fledged recovery, greatly increasing demands for ship finance.   Yang Jong-Seo, a Senior researcher from KEXIM (The Export-Impor...
2017-09-04 07:06:20
"Order and price rebound in Q4" [Shipbuilding]
Order and price are expected to rebound at least Q4, after the traditional ‘off-season’ of Q3.   Seong Ki-Jong, a researcher at MiraeAsset Daewoo Securities, recently said “VLCC, which had stood fast in 1H eventually slowed down afte...
2017-09-04 07:05:25
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