MacGregor acquires Rapp Marine [Shipbuilding]
MacGregor, part of Cargotec, announced on December 21 that it has signed an agreement to acquire Rapp Marine Group (RMG) in order to strengthen its offering for the fishery and research vessel segment. MacGregor's existing portfolio includes alre...
2017-12-26 07:31:10
Wärtsilä acquires Trident B.V. [Offshore]
The technology group Wärtsilä announced on December 21 that it strengthens its service offering by acquiring Trident B.V., a Netherland based company specialised in underwater ship maintenance, inspection, and repair services. Through the acqui...
2017-12-26 07:30:45
Hankuk Carbon nets deals with SHI & HHI [Equipment]
Hankuk Carbon of Korea announced on December 22 that it has pencilled in two contracts with Samsung Heavy Industries (SHI) and Hyundai Heavy Industries (HHI) to supply cryogenic insulation materials for a total of three LNG-Floating Storage and R...
2017-12-26 07:26:36
Eesti eyes on LNG bunkering [Offshore]
Estonian energy firm Eesti Gaas is understood to be planning for the construction of LNG terminal or LNG bunkering vessel. According to local media and industry, the company is poised to start LNG bunkering service to LNG vessels. “Right ...
2017-12-26 07:26:01
"Shipbuilding & shipping slump expected in 2018" [Shipbuilding]
Korea Development Bank (KDB) has recently presented a favorable prospect for its compatriot semiconductor and general machinery businesses in 2018, with a negative outlook for shipbuilding and shipping industries. As for domestic conventional ...
2017-12-26 07:25:22
Global new orders surged by 70% for Jan-Sep [Shipbuilding]
It turned out that a total of 809 new ships of a combined 26.25m dwt (13.86m cgt) have been ordered throughout the world for the nine months to September 30, 2017, showing about 70% year-on-year increase. The order intakes, however, is less than ...
2017-12-26 07:24:47
HMD completes largest LNG-powered BC [Shipbuilding]
Hyundai Mipo Dockyard (HMD) has completed the construction of a bulker with LNG fuel tank which is made of high manganese steel for the first time in the world.  HMD announced that the Korean shipbuilder had a naming ceremony for a 50,000...
2017-12-26 07:23:14
Korean Big 3 took lion’s share [Shipbuilding]
From the beginning of the year through November, global order intake of shipbuilding industry recorded 725 units at 59.7m dwt (19.5m cgt), which is yoy 106% increase in terms of annualized dwt. According to Clarkson Research’s December repor...
2017-12-26 07:21:29
DSME labor-management compromised [Shipbuilding]
The tentative agreement for 2016-2017 wage negotiation is carried by Daewoo Shipbuilding & Marine Engineering (DSME) labor union. The union called for the yeas and nays and passed the tentative agreement with 69.3% of the vote (3,884 out o...
2017-12-26 07:17:56
China on yoy recovery track [Market Information]
Chinese shipbuilding industry is showing a sign of recovery with a double score in November compared to the last year, recording five consecutive months of yoy growth since July. According to CANSI, the accumulated order intake of Chinese yard...
2017-12-22 14:52:40
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