Strategic Marine won windfarm ship order [Shipbuilding]
Strategic Marine, one of the world’s leading expert shipbuilding, fabrication and engineering companies, announced that it has recently secured another order for its popular StratCAT26m windfarm support vessel from EMS Maritime Offshore GmbH, a...
2017-10-12 06:50:02
Global shipping grabs best opportunity in 30 years [Shipping]
An industry expert analyzed that the global shipping industry seizes the best opportunity in almost 30 years. Clarksons Platou Securities has recently released a quarterly report and cited the historically low second-hand ship price, poor new ...
2017-10-12 06:48:59
CMES receives ship demolition subsidy [Finance]
China Merchants Energy Shipping (CMES) has recently received ship demolition subsidies of CNY 101m (approximately $15.24m) from the Chinese government. The company explained that it will spend the subsidies for recycling multiple ships, expect...
2017-10-12 06:48:29
Korea dominated September arena [Shipbuilding]
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. Chin...
2017-10-12 06:47:33
"35,000 Korean yard workers unemployed" [General]
Against a backdrop of strong restructuring process, only for the first half of 2017, it turned out that 35,000 workers lost their jobs in Korean shipbuilding·offshore industry.   The Korea Offshore & Shipbuilding Association (...
2017-10-12 06:46:27
Emerson Korea to join Kormarine 2017 [Equipment]
Emerson Korea has recently announced that the company will introduce its various products and automation solutions related to offshore plant sector through 'Kormarine 2017', which will be held at BEXCO, Busan Metropolitan City of Korea, from Oc...
2017-10-12 06:45:34
Nam Cheong called for 6 month moratorium [Finance]
Nam Cheong Limited, Malaysia's largest OSV builder announced on September 9 that it filed an application with the High Court of the Republic of Singapore for six months of a moratorium. It also announced that it made an application in the ...
2017-10-11 14:57:44
HMD disposed of HHI shares [Finance]
Hyundai Mipo Dockyard (HMD) announced on October 11 that it decided to dispose of 1.8m shares in Hyundai Heavy Industries (HHI) at about KRW263.7bn (around $231.9m) to improve the financial structure and secure liquidity. It accounts for 1...
2017-10-11 14:14:11
SHI applied for USCG BWTS approval [Equipment]
It appears that Samsung Heavy Industries (SHI) recently applied to the United States Coast Guard (USCG) for type approval of its BWTS. According to industry sources, the company is the 7th company of the world which applied to USCG approval ...
2017-10-11 13:58:43
Shipbuilding seeing “improving sentiment” [General]
Eight out of 10 global shipbuilding and marine companies predicted that shipbuilding and marine industry will see a recovery and increased profit in next three years. Sentiment in the industry is gradually improved while ordering activity bottomi...
2017-10-11 13:43:55
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