"Bulker has room for markup" [Shipbuilding]
WTO adjusted 2017 forecast for trade growth from 2.4% to 3.6% after a sharp increase in global trade is seen in 1H 2017. The number seems hugely positive compared to 2016’s 1.3%. The strong growth seems to stem from an improved intra-trade i...
2017-10-20 07:08:50
Alfa Laval Korea to join Kormarine 2017 [Equipment]
Alfa Laval Korea is to join 'Kormarine 2017', which will be held at BEXCO, Busan Metropolitan City of Korea, from October 24 to 27. The company provides varied shipbuilding equipment for industry players to deal with challenges such as △ str...
2017-10-20 07:08:25
Techcross to introduce new products in Kormarine [Equipment]
As the International Maritime Organization's (IMO's) ballast water management (BWM) convention comes into force, shipowners have much difficulty in the choosing of proper product. Possibly, they might find a solution at Techcross' stand in the 4t...
2017-10-20 07:07:52
'KC-1' LNGC duo to be delivered early 2018 [Equipment]
The delivery of Korea Gas Corporation's (KOGAS') two LNG carriers to which 'KC-1' (Korean LNG cargo containment system) technology is applied has been delayed, incurring additional costs.  According to a report that KOGAS submitted to Con...
2017-10-20 07:07:29
Korea saw 319% upturn in NB orders [Shipbuilding]
From January to September this year, shipbuilders all around the world were awarded 573 vessels of 47.9m dwt (15.9m cgt), up by 103% year-on-year on an annualized basis.  According to Clarkson Research, for the nine opening months of 2017...
2017-10-20 07:06:44
"New waves coming for Korean industry“ [Shipbuilding]
A researcher argued that Korean shipbuilding industry will ride a new wave with a resurgence of the offshore facility, recovery of merchant vessel order, and LNG carrier boom which will start from next year. Bae Seo-Jin, a researcher at Hyunda...
2017-10-20 07:06:16
KEXIM to finally sell DaeSun [Finance]
The Export-Import Bank of Korea (KEXIM), the main creditor bank of Daesun Shipbuilding & Engineering, announced on 19 that it will post the public notice of sale of Daesun, starting to receive indicative offers. The creditors, who are curr...
2017-10-20 07:05:24
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[Interview: Danfoss Group] "NB market to be recovered"