C-Job delivers innovative concept design [Equipment]
Hoofddorp-based C-Job Naval Architects has developed a new ship design that uses wind power. The Dutch company turns out to have delivered a concept design for general cargo vessel 'Flettner Freighter' to its compatriot shipowner Switijnk Ship...
2018-04-12 07:28:14
Windship Technology's project goes well [Equipment]
The present research status of the 'Windship Technology' consortium for developing eco-friendly ship concept has been unveiled.  The UK consortium, which aims to create not just the world's first zero-emissions ship but a whole fleet of t...
2018-04-12 07:27:44
Why are DSME' profits relatively high? [Shipbuilding]
Daewoo Shipbuilding & Marine Engineering (DSME) makes higher profits than its rivals on the strengths of 'a reduction of ship construction costs' and 'repetition effect from a large amount of orders', according to a Korean industry expert. ...
2018-04-12 07:27:07
Korea expected to see 'fine day' from 2H [Shipbuilding]
In the aftermath of 2015-2016 order slump, Korean shipbuilders are expected to see a fall in sales and a rise in fixed costs until the first half of this year. It seems that, however, shipping rates and global orders will show upturn against a ba...
2018-04-12 07:26:19
Kor-Ind go hand in hand for maritime business [General]
The Ministry of Oceans and Fisheries of Korea held ‘Korea-India Maritime Cooperation Forum’ to promote collaboration with India in the maritime industry. In the forum presented Kim Young-Choon, the MOF minister, and Nitin Gadkari, the Ministe...
2018-04-12 07:25:54
LEE YOUNG delivers LNG tank for SCF ships [Equipment]
LEE YOUNG Industrial Machinery Co., LTD, an Ulsan-based marine equipment manufacturer has successfully delivered LNG Fuel tank to Hyundai Samho Heavy Industries (HSHI) on April 11. The LNG Fuel tank will be installed to the aframax tanker whic...
2018-04-12 07:25:14
YZJ inks LOI for up to 20 BCs [Shipbuilding]
Forward Maritime Group has recently announced that the Greek company signed a letter of intent (LOI) with Yangzijiang Shipbuilding (Holdings) Group (YZJ) for the construction of up to 20 LNG-fueled bulkers. Design called 'Forward Bulker 84-LNG...
2018-04-12 07:24:46
STX snatches life out of devastation [Shipbuilding]
The government and creditors decided on April 11 to accept STX O&S' self-rescue plan, giving STX a second wind. KDB stated that "we and our expert analysis confirmed that STX's self-rescue plan has more than enough intensity, even more tha...
2018-04-12 07:24:17
STX CEO: "back to normal in two years" [Shipbuilding]
STX O&S CEO Jang Yoon-Geun manifested on April 11 that "We will try best to normalize STX in two years.“ At the statement, Jang commented that “the labor and the management managed to come up with the final agreement, and submitted it ...
2018-04-12 07:23:39
Jung may serve consecutive terms [Shipbuilding]
It seems Jung Sung-Leep, the present CEO of Daewoo Shipbuilding & Marine Engineering (DSME) may retain his office for another term. For last three years, Mr Jung has tried to normalize DSME. And now it is understood that both the union and...
2018-04-12 07:23:04
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