Marlink and Radio Holland strengthen partnership [General]
Marlink recently announced that it has acquired Radio Holland’s connectivity business to further strengthen its global leadership in maritime VSAT while Radio Holland will focus on its core business, providing efficient NavCom, ICT and maintena...
2017-12-12 07:16:13
Wenchong inks feeder boxship quartet [Shipbuilding]
Cosmoship Management of Greece is said to have ordered four feeder containerships from CSSC-affiliated Guangzhou Wenchong Shipyard. The 1,500 teu newbuildings, which are slated for delivery at the end of 2019, seem to have been ordered as a pa...
2017-12-12 07:15:40
COMEC bags additional MR tankers [Shipbuilding]
It was said early this year that Taiwan's Formosa Plastics Marine ordered three new tankers from CSSC Offshore & Marine Engineering (Group) Company (COMEC). Recently, the Taiwanese operator seems to have placed another order at the Chinese sh...
2017-12-12 07:15:21
Chengxi bags four chemical tankers [Shipbuilding]
Chengxi Shipyard under CSSC is understood to won up to four new chemical tankers from Goldwin Shipping, a Hong Kong operator. A foreign media reported that two parties signed a deal for 2+2 55,600dwt chemical tankers, without value and deliver...
2017-12-12 07:14:59
Wuchuan won up to eight BCs [Shipbuilding]
It emerges that Chinese bulker operator Fujian Guohang Ocean have ordered up to eight (3+5) 86,000dwt bulkers at CSIC-affiliated Qingdao Wuchuan Heavy Industry (QWHI). The total contract value is understood to be CNY600m (around $90.7m). The v...
2017-12-12 07:14:41
"Turnaround needs European market" [Equipment]
It seems Korean industry need to pay close attention to the leisure and environment technology to promote itself in the European market, the largest market for equipment industry. KOTRA (Korea Trade-Investment Promotion Agency) argued such ide...
2017-12-12 07:14:09
"Would Korea to follow Japan into emerging economies?" [Shipbuilding]
An industry report argued that Korea need to benchmark Japanese strategy and utilize emerging markets. Korea-Japan Cooperation Foundation for Industry and Technology recently released a report containing such ideas. Japanese shipbuilding in...
2017-12-12 07:13:51
DSME proves its innocence [General]
After a 4-year legal battle, Daewoo Shipbuilding & Marine Engineering (DSME) has purged itself of suspicion of cheapening the price for a subcontract wrongly by over KRW 40bn (approximately $36.62m) and will receive about KRW 30bn, a fine iss...
2017-12-12 07:13:32
SHI & KOGAS embroiled in legal battle [General]
A blame game between Samsung Heavy Industries (SHI) and Korea Gas Corporation (KOGAS) for a delay in localizing LNG carrier containment technology has led to a lawsuit. SHI launched a case against KOGAS last October, seeking a KRW 10bn (approx...
2017-12-12 07:13:10
"Supply-demand balance expected in 2020" [Shipbuilding]
Chung Sung-Leep, CEO of Daewoo Shipbuilding & Marine Engineering (DSME) said, "Global shipbuilders will undergo downsizing until two years from now before there is a balance between supply and demand in 2020," via an interview with one Korean...
2017-12-12 07:12:38
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