Russia to build nuclear ice-breakers [Shipbuilding]
The Russian government is eyeing on cutting-edge nuclear-powered icebreaker which can navigate the Northern Sea Route all year around. Dmitry Rogozin, Deputy Prime Minister of Russia, recently said to local media that Russia will build three ...
2018-01-11 07:09:34
"Find opportunity from German industry" [Equipment]
It seems Korean shipbuilding and equipment industry can find timely opportunities from German industry, which is experiencing a remarkable growth with cruise ships and ferry segments. Some of the industry sees that there are opportunities for ...
2018-01-11 07:09:05
FSRU market ignites in 2018? [Offshore]
Global floating LNG storage and regasification unit (LNG FSRU) market is going with a swing with signs of mid- and long-term orders. Mitsui O.S.K. Lines (MOL) has recently showed its will to invest in up to 10 FSRUs for the next five-six years...
2018-01-11 07:08:36
Fjord1 plans to order hybrid ferries [Shipbuilding]
Fjord1 AS, the largest passenger ship operator in Norway, is expected to order multiple eco-friendly ferry newbuildings.   Fjord1 won a bid worth NOK 1.88bn (approximately $232m) from the More og Romsdal government, a foreign press r...
2018-01-11 07:08:01
"Shipbuilding is rebalancing, not dead" [Shipbuilding]
An industry expert argued that the current challenge shows a ‘rebalancing’, not a general declination. Joachim Brodda of Balance Technology Consulting, a German consulting company, presented such ideas on January 9, at a policy forum in Ko...
2018-01-11 07:07:20
"Shipbuilding will return after the challenge" [Shipbuilding]
Last few years, dark clouds of excessive supply, shrinking order, low ship price, and the weak offshore market have been hanging over the head of shipbuilding industry. And the decisive recovery is yet to come, allowing only shorter, temporal rec...
2018-01-11 07:06:32
ISSAC scores feasibility analysis works [Shipping]
ISSAC Engineering & Consulting (ISSAC E&C), a Korean engineering expert in shipbuilding & offshore plant sector, carries out feasibility analysis of LNG bunkering business in the Mediterranean Sea and the coast of Turkey. The compa...
2018-01-11 07:05:20
HHI's tentative wage deal rejected [General]
A tentative agreement, which was made by Hyundai Heavy Industries (HHI) union and management for 2016 and 2017's wage, has been rejected, due to opposition from the labor union members. On January 9, 56.11% of the union's 8,804 members (a 89.6...
2018-01-10 14:05:14
Aramco, partners launch 'International Maritime Industr... [Shipping]
Saudi Aramco and its partners; Lamprell Plc, the National Shipping Company of Saudi Arabia (“Bahri”); and Hyundai Heavy Industries Co. Ltd. (HHI), recently announced the official launch of their International Maritime Industries (IMI) joint v...
2018-01-10 07:09:20
PSA Marine wins FSRU service contract [Offshore]
Singapore's Summit Power International Pte. Ltd. (“SPI”) announced on January 5 that its subsidiary, Summit LNG Terminal Co. (Pvt) Limited (“Summit LNG”) has awarded a 15-year contract to PSA Marine Bangladesh Pte. Ltd. (“PSA Marine Ban...
2018-01-10 07:08:05
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[Interview: Danfoss Group] "NB market to be recovered"