New Times won newcastlemax BCs [Shipbuilding]
A newcomer in shipping realm, 2020 Bulkers signed LOI for at least two newcastlemaxes with New Times Shipbuilding, a private shipbuilder in China. According to TradeWinds, the IMO Tier II 208,000dwt BCs cost around $44.5m apiece. They are b...
2017-10-16 07:06:27
Sungdong workers forced to take leave? [Shipbuilding]
It seems that Sungdong Shipbuilding & Marine is likely to force employees to take leave for a few months amid concerns of a drop in new orders. According to industrial sources, a newbuilding under construction at the Korean shipbuilder i...
2017-10-16 07:06:01
KOMEA held Global Marine Business Plaza successfully [General]
The Korea Marine Equipment Association (KOMEA) Shanghai branch jointly held ‘2017 Global Marine Business Plaza in China’ from September 26 through 27 with Korea Industrial Complex Corporation (KICOX) and Korea Maritime and Ocean University ...
2017-10-16 07:05:38
Recovery signs in Japanese shipyards [Shipbuilding]
In September, 2017, Japan posted a three-figure year-on-year increase in ship exports, achieving better results than the same time period last year for nine consecutive months.   According to recent statistics from Japan Ship Expor...
2017-10-16 07:04:26
Keppel delivers world's first converted FLNG [Offshore]
The first unit of Golar LNG's 'GoFLNG' series sailed from Singapore on October 12.  Hilli Episeyo, the world's first FLNG convertd from LNG carrier, has sailed to Cameroon after going through a pre-commissioning works at Keppel Shipyard.&...
2017-10-13 15:09:06
Korea dominated September arena [Market Information]
Korean shipbuilding industry showed resilience, defending the first place of the global monthly newbuilding order in September. According to Clarkson Research, Korea ranked first in monthly orders with 1.46m cgt (26 units) in September. China ...
2017-10-13 14:42:48
Korean ship·steel exports in positive trend [Market Information]
Korean exports amounted to $55.13bn in September of 2017, up by 35.0% from the same month last year. Also, imports rose by 21.7% year-on-year to $41.38bn, with the trade surplus recording a surplus of $13.75bn for the 68th consecutive month. M...
2017-10-13 14:41:59
Steady NB deliveries slowed in Aug [Market Information]
While a total of global shipyard output from January to August, 2017, stands at 1,100 vessels of a combined 74.5m dwt (24.60m cgt), 63 units of 4.1m dwt were delivered in August, showing a slowdown compared to 105 units of 8.2m dwt delivered in J...
2017-10-13 14:41:03
Korean BWTS supplier AQUASTAR to be sold [Finance]
The sale of AQUASTAR Co., Ltd., a Korean ballast water treatment system (BWTS) supplier, is accelerated. Industry players estimate that the sale price will exceed KRW 20bn (approximately $17.71m) According to investment bank (IB) industrial ...
2017-10-13 14:04:10
Kormarine Conference 2017 invites players [General]
Korean Register of Shipping (KR) and other eight partners co-host the 4th  Kormarine Conference 2017. The conference will be held from coming October 25 through 27 at BEXCO, Busan, with the theme of ‘Industry 4.0 and Green Business Crea...
2017-10-13 13:49:34
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