Fukuoka to build Odfjell Chemical TKs [Shipbuilding]
It turns out that Fukuoka Shipbuilding is building two chemical tankers which will be deployed for Odfjell SE, a Norwegian chemical tanker operator. Odfjell is known to have signed a charter agreement for two 36,000-dwt stainless steel chemica...
2018-01-22 07:08:37
Greece lavishes money on new tonnage [Shipbuilding]
Greek shipowners turn out to have spent over $1.4bn in total to place about 25 new ship orders at the end of last year and the beginning of the new year. In full year 2017 only, also, they bought second-hand vessels worth $4.7bn. Through its r...
2018-01-22 07:08:01
CSL enlarges repairing footprint [Shipbuilding]
Cochin Shipyard Ltd (CSL) has signed MOU with Mumbai Port Trust (MbPT) to enhance its repair facilities and services. According to local media, two parties is enhancing and upgrading facilities in Indira Dock at Mumbai, building additional flo...
2018-01-22 07:07:27
"Bulker leads shipping recovery" [Shipping]
With bulker segment leading the recovery of the market, the shipping industry is likely to see an overall improvement trend. According to a report by Yang Jong-Seo, a Senior researcher from KEXIM (The Export-Import Bank of Korea) Overseas Econ...
2018-01-22 07:06:55
"Return on LNGC investment going faster" [Shipbuilding]
While it is expected that the global LNG market would face a shortage of natural gas supply in 2020, LNG prices and LNG shipping spot rates are likely to rise in the mid- and long-term. In other words, the return on investment (ROI) in LNG carrie...
2018-01-22 07:06:19
DSD extends option exercise [Shipbuilding]
It turned out that DSD Shipping has extended a period for exercising one additional MR tanker option which was attached to a contract signed with Hyundai Mipo Dockyard (HMD).   The Stavanger-based tanker operator ordered up to four 5...
2018-01-22 07:05:22
"Last crisis comes in 2018-19" [Market Information]
A Korean industrial expert forecasted that this year will mark the last crisis in shipbuilding industry which has gone through tough time for 10 years since the global financial crisis began.   Yang Jong-Seo, a Senior researcher from...
2018-01-19 16:57:52
[Feature] Yards’ 2018 goals [Market Information]
"Setting 41% higher target" Exiting from the worst phase of order drought in 2017, Korean shipbuilding industry is planning to accelerate the pace of recovery with more orders. Last year, Korean industry led global merchant vessel market es...
2018-01-19 16:57:26
"Explore the harsh-environment polar's richness" [Photo News]
A cluster of the industry, academy, institute, the government started its journey to explore the richness of the polar regions. The Korea Offshore & Shipbuilding Engineering Cooperative (KOSEC) held an inaugural assembly of 'harsh-environm...
2018-01-19 09:13:46
Rolls-Royce restructuring marine business [General]
Rolls-Royce announced on January 17 that it is embarking on a further simplification of the business, including the evaluation of strategic options for our Commercial Marine operation and a reduction from five operating businesses to three core...
2018-01-19 07:11:15
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