YZJ won six Russian ore carriers [Shipbuilding]
It is said that Amurskaya Neftebaza, a Russian provider of petroleum products, has ordered six baby-cape range ore carriers at Yangzijiang Shipbuilding (Holdings) Group (YZJ) of China. According to brokerage industry, the delivery of 120,000-d...
2018-04-23 07:01:44
PPG envisioning FSRU terminal [Offshore]
Phinma Petroleum and Geothermal (PPG), a Philippines-based energy company recently revealed at its general meeting that it signed a contract with three overseas companies for the development of an LNG-to-power project. The $300m project, it is...
2018-04-23 07:00:42
HHI loses Indian FSS contract [Shipbuilding]
It is reported that Indian government is preparing a global tender for five FSSs (fleet support ship) instead of awarding it to Hyundai Heavy Industries (HHI). According to foreign media and industry, the Indian government canceled its 2017 pl...
2018-04-23 07:00:03
4th Paik Jeom-Kee winner announced [General]
Pusan National University of Korea said on April 19 that C. Rigby of BMT Defence Services was announced as winners of Jeom Kee Paik Prize, established by the Royal Institute of Naval Architects (RINA), to honor the research accomplishments of Pro...
2018-04-23 06:59:25
Korea supports LNG bunkering business [Shipbuilding]
South Gyeongsang Province of Korea announced on April 19 that the 'project for supporting core LNG bunkering equipment industry' for which it made proposal last March to the government has been approved by the Ministry of Trade, Industry and Ener...
2018-04-23 06:58:45
DSME: Jung serves another term as president [General]
Jung Sung-Leep finally took his another office to lead Daewoo Shipbuilding & Marine Engineering (DSME) by 2021. DSME, in its extraordinary board of directors on April 20, decided Jung’s reappointment as the president of DSME for another ...
2018-04-23 06:57:39
Court puts Sungdong under receivership [Shipbuilding]
The Changwon District Court of Korea placed Sungdong Shipbuilding & Marine Engineering under its receivership on April 20. It is about a month since the financially troubled shipbuilder filed for court receivership on March 22.  ...
2018-04-23 06:57:01
China opening shipbuilding to foreigners [General]
The Chinese government revealed its policy to abolish share-holding limits in the shipbuilding, automobile, and airplane manufacturing industry for foreign investors. The limits on shipbuilding including design, manufacturing, and repair will ...
2018-04-23 06:56:30
Low completion of Chinese yards in Q1 [Market Information]
Chinese yards are showing a slow pace with the comparably low level of completion in Q1 2018. According to CANSI, the accumulated order intake of the industry during the period recorded 15.53m dwt, which is yoy 180% increase. It is impressive ...
2018-04-20 15:58:06
Japan records 21% hike in 1Q ship export orders [Market Information]
Japanese shipyards recorded a total of 56 units, 2.87m gt (1.22m cgt) of newbuilding orders in Q1 2018, which is yoy 21.3% increase in terms of gt. This is the highest record in two years in terms of the quarter, and bulker occupied most of the o...
2018-04-20 15:57:39
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