First milestone for Ulstein designed cruise vessel [Shipbuilding]
The steel cutting ceremony of the first polar new build in the Lindblad Expeditions-National Geographic fleet was carried out on Friday morning, 5 January 2018. The vessel, yard number 312 at Ulstein Verft, will be ready for her first expeditions...
2018-01-10 07:05:56
Keppel FELS delivers first rig of year [Offshore]
Keppel FELS Ltd (Keppel FELS), a wholly owned subsidiary of Keppel Offshore & Marine Ltd (Keppel O&M), announced on January 5 that it has delivered the jackup rig, SAGA, to Borr Drilling Limited (Borr Drilling) safely, on time and on budg...
2018-01-10 07:05:07
I-Tech appoints exclusive importer & agent in Korea [Equipment]
I-Tech AB, has responded to strong market demand in South Korea by appointing KhaiEL as the exclusive importer and agency for the unique antifouling ingredient Selektope®. Under the new agreement, I-Tech will continue to manage sales of Selek...
2018-01-10 07:04:09
MHI's two arms launched [Shipbuilding]
Mitsubishi Heavy Industries' (MHI's) two merchant shipbuilder arms Mitsubishi Shipbuilding Co., Ltd. and Mitsubishi Heavy Industries Marine Structure Co., Ltd. have been operated since January 5, after being launched on January 1. From this mo...
2018-01-10 07:01:58
COMEC scores 4+4 tankers [Shipbuilding]
IMC Shipping placed an order at one China's state-owned shipyard for MR tanker newbuildings.  According to a foreign press, the Singaporean tanker operator has recently ordered 4+4 55,000 dwt oil & chemical product carriers from CSSC ...
2018-01-10 07:01:20
Lavinia orders 3+1 BCs from China [Shipbuilding]
Penglai Zhongbai Jinglu Ship Industry, a Chinese privately-run shipbuilder, turns out to have won up to four Kamsarmax bulkers from Lavinia Bulk, a London-based bulker operator. According to a foreign press, the two companies entered into a co...
2018-01-10 07:00:16
Korea's 2017 newbuilding contracts 'triple' [Shipbuilding]
After 2016's the worst order drought, global shipbuilding industry showed a definite recovery trend last 2017. In particular, Korean shipbuilders' new order intakes increased almost three times compared to 2016 (up by about 200%). However, it is ...
2018-01-10 06:59:37
$70 oil price level coming up [General]
The price of Dubai crude reaches $65.33 per barrel as of January 5, the Korea National Oil Corporation (KNOC) reported. The figure increased by 20.4% against a year ago, and by 106.4% against two years ago. As of January 8, West Texas Intermed...
2018-01-10 06:59:06
POSCO raises thick plate price [General]
Korean steel giant POSCO has decided to raise its thick plate price this month. However, the price growth is less than that of hot rolling plate. Hyundai Steel already increased its plate price last December by KRW 30,000 (approximately $28).&nbs...
2018-01-10 06:58:07
Vard wins one new ferry [Shipbuilding]
Vard announced on January 5 that the company has won a contract for the construction of one car- and passenger ferry for Boreal in Norway. The new car- and passenger ferry features a fully electrical battery solution for continuous electric op...
2018-01-09 07:23:56
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