LMC-MacGregor open JV in China [Equipment]
MacGregor, part of Cargotec, and China State Shipbuilding Corporation's (CSSC) Nanjing Luzhou Machine Co., Ltd. (LMC) celebrated the opening of their first joint venture in Nanjing, China on April 10. CSSC LMC and MacGregor have established a sol...
2018-04-26 07:21:29
PARAT Halvorsen to present green boiler tech [Equipment]
PARAT Halvorsen AS, Norway’s leading supplier of steam and heat energy systems for land-based industries, shipping and offshore applications, will demonstrate a range of its innovative and environmentally friendly boiler systems at this year’...
2018-04-26 07:21:02
Busan envisioning growth for shipbuilding [General]
The Busan Metropolitan City revealed the ‘development strategy for Busan shipbuilding industry’ on April 25. The strategy is in line with the central government’s ‘shipbuilding development strategy’ revealed in the 15th Economic Mini...
2018-04-26 07:12:04
Shitanoe secures one LPG carrier order [Shipbuilding]
A Japanese yard Shitanoe Shipbuilding turns out to have secured a newbuilding order in around two years. Without the orderer and the price specified, foreign media and industry said that Shitanoe won an order for 5,000-cbm LPG carrier for deli...
2018-04-26 07:11:30
China CSSC shrunk in revenue/profit [Shipbuilding]
China CSSC Holdings, a listed company of CSSC recently announced that it logged CNY2.3bn (about KRW392.5bn) of net earnings, marking a degrowth from 2016’s CNY2.6bn. The company revealed that its 2017 revenue also decreased from 2016’s CNY...
2018-04-26 07:11:01
"Owners positive on LNG for newbuildings" [Shipbuilding]
A report indicated that a large portion of owners is considering LNG propulsion solution for their next newbuildings. Hamburg Messe & Congress GmbH (HMC), the organizer of SMM and the market research institute published SMM Maritime Indust...
2018-04-26 07:10:24
POSCO may raise steel price [Shipbuilding]
POSCO held its Q1 result conference call on April 24, noting, "We are fully capable of raising steel price in shipbuilding sector in the second quarter."  An official at the Korean steel giant said, "The market has always resisted price a...
2018-04-26 07:09:55
Korea opens new coating test center [Shipbuilding]
Ulsan Metropolitan City held an opening ceremony for a 'test center for coating·surface treatment in shipbuilding and offshore industry' on April 25 at the Ulsan Techno General Industrial Complex, Duwang-dong, Nam-gu, Ulsan, Korea. This facil...
2018-04-26 07:09:11
HMD clinches PC order from KOTC [Shipbuilding]
Kuwait Oil Tanker Company (KOTC), a Kuwait's state-owned tanker operator, ordered new MR tanker series from Hyundai Mipo Dockyard (HMD) soon after it announced a large-scale fleet expansion plan. According to Kuwait News Agency (KUNA), KOTC or...
2018-04-26 07:07:07
Regulation benefits shipbuilding industry [Shipbuilding]
An industry player suggested that new international marine environmental regulations will be positive for the global shipbuilding industry. The UK ship broker Affinity Research has recently conveyed, "We remain confident that 2020 will be a ma...
2018-04-26 07:06:15
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