First 20,000 TEU boxship at Tollerort [Shipbuilding]
The COSCO Shipping Aries is the first Chinese container vessel with a capacity of more than 20,000 standard containers (TEU) to call at the HHLA terminal Tollerort. There it will be handled by five high-performance gantry cranes that HHLA has bui...
2018-02-27 07:11:17
Wärtsilä optimises TMS Cardiff Gas ships [Equipment]
The technology group Wärtsilä is expanding its co-operation with the Athens based ship management company TMS Cardiff Gas Ltd. Under the recently signed maintenance agreement, Wärtsilä ensures the maintenance predictability of the operation o...
2018-02-27 07:10:53
Borr Drilling acquired Paragon Offshore [Offshore]
Borr Drilling Limited (“Borr” or the “Company”) announced on February 21 a binding tender agreement to offer to purchase all outstanding shares in Paragon Offshore Limited (“Paragon”). Total acquisition price for all outstanding share...
2018-02-27 07:10:03
Wenchong seals LOI for 2+2 boxships [Shipbuilding]
CSSC affiliated Guangzhou Wenchong Shipyard is understood to have signed LOI with Simatech Shipping for 2+2 sub-panamax containerships. According to market sources and foreign media, the 2,800-teu ships will feature Tier III specification at $...
2018-02-27 07:08:57
YZJ bags order for 2+2 82K BCs [Shipbuilding]
China's largest private shipbuilder Yangzijiang Shipbuilding (Holdings) Group (YZJ) seems to have penned a letter of intent (LOI) with a European shipowner for the construction of 2+2 82,000 dwt bulkers.  According to a foreign press, the...
2018-02-27 07:08:22
Busan provides logistics supports [Equipment]
Busan Metropolitan City has recently announced that its joint logistics center for shipbuilding equipment is contributing to the cost reduction and competitiveness enhancement of Korean shipbuilding and offshore equipment industry. In order to...
2018-02-27 07:07:46
Did Japan place feeder order to HMD? [Shipbuilding]
While the market recently heard that Korea Marine Transport Co (KMTC) has ordered multiple feeder boxships at Hyundai Mipo Dockyard (HMD), it seems Japanese owner Nissen Kaiun is behind the order. According to foreign media and industry, Nisse...
2018-02-27 07:07:18
Investment in HHIC-Phil promoted [Finance]
Hanjin Heavy Industries & Construction (HHIC) is to boost attracting the investment of up to KRW 1trn (approximately $932m) in its Subic shipyard in the Philippines (HHIC-Phil). According to Korean investment bank sources, HHIC gave notice...
2018-02-27 07:06:48
SHI adjusted its 2018 prospect [Shipbuilding]
Samsung Heavy Industries (SHI) announced on February 23 through a regulatory filing that it adjusted its 2018 order intake estimates from $7.7bn to $8.2bn. This is because a proportion of the order intake announced on December 6, 2017, was car...
2018-02-27 07:05:45
SHI invites owners to Olympic games [Photo News]
Samsung Heavy Industries (SHI) invited members of shipowning companies and classification societies to 2018 Winter Olympics in Pyeongchang, Korea to celebrate its Samsung Tech Fellowship Day. Writing by Jimin Jeong jimin@asiasis.com
2018-02-27 07:05:10
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