Ocean Yield invests in new VLCC quartet
Ocean Yield ASA announced on February 10 that the Norwegian shipowner has agreed to acquire four very large crude carriers (VLCCs) with 15-year bareboat charters to Kyklades Maritime-affiliated Okeanis Marine Holdings. The tankers are sc...
China interested in buying German bank
Bank of China (BOC) and Commercial Bank of China (ICBC) are cited as potential buyers of DVB Bank, one of the world's leading ship finance providers. According to industrial sources and foreign presses, the two Chinese banks are ex...
HHI delays Gazprom FSRU
The delivery of an Arc4 Ice-class FSRU Hyundai Heavy Industry (HHI) has been building for Gazprom is delayed from November 2017 to October 2018. The FSRU, 174,100-cbm Marshal Vasilevskiy is said to have faced a problem in a boiler of regasific...
HHI seals wage negotiation
Hyundai Heavy Industries (HHI) union and management held a signing ceremony finalizing 2016/2017’s wage negotiation on February 13. Writing by Jimin Jeong email@example.com
HHI seals wage negotiation
Hyundai Heavy Industries (HHI) union and management held a signing ceremony finalizing 2016/2017’s wage negotiation on February 13. Kang Hwan-Goo, the President of Hyundai Heavy Industries expressed his gratitude to the union for the settlem...
Will Russia downgrade Yamal II carriers?
It is learned that Novatek is eyeing on building ice-breakers and LNG carriers for itself to reduce costs. If realized, it may change the shape of the whole project, which already ordered 15 units of the world’s first ARC-7 ice-breaking LNG car...
China builds autonomous ship test field
China sets up the Asia's first and the world's second autonomous ship test field in Zhuhai, Guangdong. According to China's local press and industrial sources, the 'Wanshan Marine Test Field', which will be established with the cooperati...
"456 LNGC orders expected in next 10 years"
The focus is now on whether Daewoo Shipbuilding & Marine Engineering (DSME), a powerful player in LNG carrier building sector, can rise again amid short LNG supplies and burgeoning LNG trades. It is forecasted that the global LNG market wi...
Yang Ming confirms orders for 20 boxships
Yang Ming Marine Transport announced through a regulator filing in Taiwan Stock Exchange (TSE) on February 12 that the board of directors has decided to build and charter 10 11,000 teu and 10 2,800 teu containerships. The Taiwanese containersh...
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