Oshima to develop green marine fuel [General]
Japanese yard Oshima Shipbuilding is planning to come up with a new green fuel to respond to future environmental regulations. According to foreign media and industry, the yard is developing "Super Eco Fuel," combining refinery byproduct and n...
2018-03-12 05:48:05
South Gyeongsang has emergency meeting [General]
Right after the Korean government decided to keep two financially-troubled mid-sized shipbuilders Sungdong Shipbuilding & Marine Engineering and STX Offshore & Shipbuilding afloat by downsizing them, on March 8, South Gyeongsang Province ...
2018-03-12 05:47:07
Daehan wins Aframax TK duo from Greece [Shipbuilding]
It seems that Greece's Tsakos family places a contract at Daehan Shipbuilding for the construction of two new tankers. It is said that Tsakos orders two 114,000 dwt Aframax tankers from the Korean shipbuilder under a charter deal it signed wit...
2018-03-12 05:46:23
GMEA to join 'APM 2018' [Equipment]
The Gyeongnam Marine Equipment Association (GMEA) of Korea announced on March 8 that it will participate in 'Asia Pacific Maritime (APM) 2018', which is held at Marina Bay Sands, Singapore, during March 14-16, together with its six compatriot equ...
2018-03-12 05:41:37
Korea topped NB orders in Feb [Market Information]
Global shipbuilding industry saw a total of 1.74m cgt, 45 units of newbuilding orders in February 2018, representing a 39% downturn against a month ago.  According to Clarkson Research, Korea took 0.91m cgt among the total, which accounts...
2018-03-09 15:37:00
Korea occupied 42% of total 2017 orders [Market Information]
2017 saw 43.1m gt (21.5m cgt, 1,297 units) of ships ordered, which is 2.3 times more than 2016, according to IHS interim data. It seems global major shipping companies trying to take advantage of attractive ship price had driven the order hike...
2018-03-09 15:36:35
Fewer ships delivered in January [Market Information]
In January, global yards had delivered a total of 152 units, 12m dwt (4.2m cgt) of ships, which is 30.6% decrease in terms of dwt from last year’s 244 units, 17.3m dwt. Estimated total delivery of 2018 is 78.8m dwt, which is also yoy 19% dec...
2018-03-09 15:36:10
Two-digit growth of Korean ship export [Market Information]
In February, Korea exported $44.88bn, which is yoy 4.0% increase. The import was $41.57bn, which means yoy 14.8% increase. Korea posted a trade surplus of $3.31bn in February, which is 73rd  consecutive month of profit. February stand fir...
2018-03-09 15:35:39
GTT & Dongsung develop 'LNG Brick' fuel tank [Equipment]
With the rise in the use of LNG as a fuel, the marine industry requires new cryogenic storage solutions which are both compact and easy to install. To answer this demand, GTT has developed the LNG Brick® technology and announces the end of its t...
2018-03-09 07:23:52
Alfa Laval wins GREEN4SEA Technology Award [Equipment]
Alfa Laval was among the recipients of the third annual GREEN4SEA Awards, which recognize outstanding performance in fostering environmental excellence and sustainable shipping. At the awards ceremony on 6 March, Alfa Laval PureBallast was announ...
2018-03-09 07:21:13
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