Accessible RG needed for Korean industry [Shipbuilding]
Korean shipbuilding giants are finding foreign insurers even with double guarantee fee as domestic financial companies are reluctant to issue RG (Refund Guarantee) for them.   According to the financial industry, Hyundai Heavy Industries (...
2017-09-06 07:07:38
Qingshan Shipyard to quit shipbuilding world [Shipbuilding]
Qingshan Shipyard, a Sinotrans & CSC affiliate shipyard based in Wuhan, will quit the shipbuilding world, which has been tortured by the long recession.   According to foreign media, Sinotrans & CSC Shipbuilding Industry announced ...
2017-09-06 07:07:13
Korea wins back first place in Aug [Shipbuilding]
Korean shipbuilding industry has surpassed China in three months and reached the top of the global monthly newbuilding order. According to Clarkson Research, Korea ranked first in monthly orders with 130,000 cgt (9 vessels) in August, and Chin...
2017-09-06 07:06:05
"Signs of a rebound in oil development" [Offshore]
The prospect that the global oil and gas service market, which is experiencing a difficult time due to prolonged low oil prices and oversupply of offshore drilling rigs, is expected to recover soon. Clarksons Platou said, "After nearly three l...
2017-09-06 07:05:41
NYK orders up to four VLCCs from homeland [Shipbuilding]
Japan's Nippon Yusen Kaisha (NYK) has recently decided to place a new order for up to four very large crude carriers.  According to MarineNet, Japan Marine United (JMU) and Namura Shipbuilding will build the 3+1 vessels.  The ne...
2017-09-06 07:05:09
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