"LNG shipping expected to be active" [Shipping]
While global demands for LNG are rising recently, it is expected that sea LNG trades will be active in the long term. Greek LNG carrier owner GasLog announced through its 3Q market report, "There has been continued momentum in the start-up of ...
2017-11-17 07:08:50
Fincantieri stacked six-year orders [Shipbuilding]
Fincantieri recently announced its Jan-Sep performance result, stating that its revenue showed a huge yoy increase from EUR3.23bn to EUR3.575bn. EBITDA also increased from EUR185m to EUR233m, recording 6.5% of EBITDA margin. New orders the com...
2017-11-17 07:08:24
Japan sees rise in backlog [Shipbuilding]
Japanese shipbuilders won 22 new ships of 890,000 gt (400,000 cgt) for export last October, representing a 613% upturn year-on-year. Also, they have been awarded over 20 vessels for three consecutive months. Industry players said that Japanese...
2017-11-17 07:08:01
Creditors laid out RG conditions for STX [Finance]
It is understood that Korea Development Bank (KDB), the main creditor of STX Offshore & Shipbuilding laid out conditions for Refund Guarantee (RG), which include manpower restructuring and wage freeze. According to the industry, KDB demand...
2017-11-17 07:07:42
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