Denmark plans fleet growth [Shipping]
Denmark, the sixth largest shipping nation in the world, turns out to have recently announced a plan to expand its fleet size. Anne Steffensen, Director General and CEO at the Danish Shipowners' Association, revealed a new national program tha...
2018-03-07 07:18:41
HHIC promises to ensure safety [Shipbuilding]
The Ministry of Employment and Labor (MOEL) of Korea and the Korea Occupational Safety Health Agency (KOSHA) performed safety checks on their 27 compatriot workplaces on March 5. The main safety inspection was conducted at Hanjin Heavy Industr...
2018-03-07 07:18:08
Rates going up in drilling market [Offshore]
Drilling market, which has suffered from a deep slump, is showing a hint of recovery. According to Hi Investment & Securities, daily rates of drilling market now regain $300,000 level. It seems increasing scrap activity and rising utility ...
2018-03-07 07:17:31
Korea occupied 42% of total 2017 orders [Shipbuilding]
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...
2018-03-07 07:16:51
LNG market sloshing in optimism [Shipbuilding]
Shell and other industry players presented an optimistic view on LNG market.   According to Choi Kwang-Sik, a researcher at Hi Investment & Securities, Shell recently emphasized deepwater Oil & Gas again on the base of cost reduction...
2018-03-07 07:15:35
Kim & Chang protects Korean shipyard [General]
Kim & Chang, the largest law firm in Korea, has recently won 'Korea Legal Awards 2018' for the company's efforts to protect its compatriot shipyard against foreign shipowner's claim for returning advances received.  Five lawyers at Kim ...
2018-03-07 07:12:27
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