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
Korea-Norway join forces for green shipping [Shipping]
The Ministry of Oceans and Fisheries (MOF) of Korea said it will hold a 'Fourth Maritime Cooperation Meeting' with the Norwegian Ministry of Commerce, Industry and Fisheries in Oslo, Norway, on September 1 to discuss ways to strengthen maritime c...
2017-09-04 07:03:39
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