Floatgen is installed [Offshore]
The floating offshore wind turbine Floatgen was tugged to its permanent offshore installation site – the SEM-REV test site – during the night of April 30th. France’s first offshore wind turbine arrived on the Ecole Centrale de Nantes’ ...
2018-05-21 07:13:12
Xiangyu added additional Japanese ultramaxes [Shipbuilding]
According to TradeWinds and shipbuilding industry, the operator has ordered up to nine ultramax bulkers at Nantong Xiangyu Shipbuilding & Offshore Engineering. Nisshin has selected the same yard earlier this year for another 10 ultramax bu...
2018-05-21 07:07:40
2018 boxship delivery expected to be 1.4m teu [Shipbuilding]
It turned out that the volume of containerships which are slated for delivery from May to December 2018 stands at about 900,000 teu. Alphaliner has recently forecasted through its report that this year's containership deliveries are expected t...
2018-05-21 07:07:13
KHI pursuing gas-powered ships [Shipbuilding]
Kawasaki Heavy Industries (KHI) of Japan explained its business strategy at its May 17 press conference. The company recently developed new 84,000-cbm VLGC, adding extra holds to traditional 82K types. It also developed dual fuel LPG carrier w...
2018-05-21 07:06:36
DongHwa Pneutec enters ALS compressor market [Equipment]
Busan based marine compressor expert DongHwa Pneutec recently announced that it took orders of air compressor for Air Lubrication System (ALS) and flow control system from Daewoo Shipbuilding & Marine Engineering (DSME). This is the first ...
2018-05-21 07:06:07
HHI sisters stacked $4.8bn by Apr [Shipbuilding]
Hyundai Heavy Industries (HHI) announced that its accumulated order intake at the end of April recorded $1.345m (Shipbuilding, $923m; offshore, -$9m; plant, $87m; engine and machinery, $344m). This is 16.1% yoy decrease. Shipbuilding grew by 1...
2018-05-21 07:05:38
"IMO SOx rule leads to rising oil price" [General]
There is a possibility of oil price reaching its peak since 2014 against a backdrop of rising low-sulfur fuel consumption, which results from the IMO 2020 Rule.  Morgan Stanley Research has recently forecasted through its report that the ...
2018-05-21 07:05:06
LNG shipping market is near bottom [Shipping]
It look like the global LNG shipping market has hit the bottom. The daily charter rates of LNG carrier has recently decreased to a $40,000 level, after reaching $85,000 last January. Regarding this, Fearnley Securities noted the global LNG shi...
2018-05-21 07:04:30
Timetec to unveil its new 3D CAD 'TTM' [Shipbuilding]
In time for the completion of its national project 'development of ship design support system based on 3D modeling', Timetec, a Korean computer-aided design (CAD) system developer for the shipbuilding industry, will hold an unveiling event for th...
2018-05-21 07:03:48
DSME setting 10% wage return [Shipbuilding]
Daewoo Shipbuilding & Marine Engineering (DSME) is planning 10% wage return to reduce fixed costs. The labor and the management of DSME have their first negotiation meeting on May 9. On the day, the management suggested 10% wage return and...
2018-05-21 07:03:17
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