A recovery, without strong conviction
While the industry is tasting a hint of recovery, there is still a steep path road to go through it seems. An Italian shipbroker Banchero Costa said that 2017 saw 2.5 times more orders (411 units) than 2016’s 166 units. However, the broker a...
SWS adds four newcastlemax units
US bulker operator Foremost Group is understood to have ordered four 210,000-dwt newcastlemax bulkers at Shanghai Waigaoqiao Shipbuilding (SWS) to mark the first order of the yard in 2018. Foremost Group had ordered four 180,000-dwt bulkers in...
SK Shipping selects Chinese yard
SK Shipping selected Chinese yard for the construction of new VLOCs. According to the industry, SK Shipping has ordered two 325,000-dwt mini-valemax bulkers at Dalian Shipbuilding Industry (DSIC) for delivery in March and May 2021. Media said ...
Fredriksen vs Troim, 'Bulker Wars'
The rivalry between two Norwegian maritime magnates John Fredriksen and Tor Olav Troim is getting more and more piercing. Both shipowners have recently added newcastlemax orders in Chinese yards. In an interview with TradeWinds, Fredriksen hin...
OSV rates surge in North Sea
Chartering rates for offshore support vessels (OSVs) including platform supply vessel (PSV) are showing a suddenly rising tendency in the Norwegian North Sea. It is said that Ostensjo Rederi's 4,000 dwt 'Edda Frende (built in 2000)' has recent...
KT Submarine supports ROV tests
KT Submarine Corp., the only submarine cable provider in Korea, has won ship leasing and onboard support services from the Korea Ocean Research Development Institute (KORDI) at KRWw 3.7bn (approximately $3.42m) last January for developing remotel...
DSME develops drawing-free production system
With the use of IoT (Internet of Things) technologies, Daewoo Shipbuilding & Marine Engineering (DSME) has set up a smart factory which is capable of manufacturing ship outfit automatically without drawing. The Korean shipbuilding he...
"Korean yards expected to lose 30,000 jobs"
Korean shipbuilding industry is expected to lose almost 30,000 jobs in the first half of 2018. According to the Korea Employment Information Service (KEIS) and the Korea Institute for Advancement of Technology (KIAT), Korean shipbuilding indus...
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