CSSC injects huge capital to yards [Finance]
CSSC Holdings, a listed company under CSSC, and CSSC Offshore & Marine are understood to be injecting around CNY10.2bn (about $1.6bn) of capital to four subsidiary yards. Two companies explained that the capital increase is in line with ...
2018-02-01 07:09:16
Doosan Engine provides MSC engines [Equipment]
Doosan Engine announced on January 31 through a regulatory filing that it signed a deal for five units of marine engines worth KRW49.5bn with Daewoo Shipbuilding & Marine Engineering (DSME). The contract was signed on January 30 and will end ...
2018-02-01 07:08:46
130% more newbuildings in 2017 [Shipbuilding]
2017 logged 130% increased ordering activities with a total of 902 units, 72.8m dwt (23.3m cgt) from 2016’s 31.6m dwt. It is understood to be a base effect, as 2017’s result is still weak compared to 2013’s 178m dwt, 2014’s 199m dwt, a...
2018-02-01 07:07:51
Oil recovery leads rising jack up rig values [Offshore]
Prices for trading secondhand jack up rigs are on the high side amid the growth of international oil prices. The fixed age value of secondhand jack up rig has seen a 36% upturn year-on-year, according to VesselsValue. That of five-year-old jac...
2018-02-01 07:07:21
HHI signs MOU with MDT for ME-LGIP [Shipbuilding]
Hyundai Heavy Industries (HHI) Engine & Machinery Division is turned out to have signed MOU with Denmark MAN Diesel and Turbo (MDT) to develop ME-LGIP engine which can burn both LPG and diesel. Traditional LPG carriers have burned diesel f...
2018-02-01 07:06:42
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