SWS inks LOI with Korea for BC quintet [Shipbuilding]
CSSC-affiliated Shanghai Waigaoqiao Shipbuilding (SWS) is expected to win five new bulkers from Korean operators.  The Chinese shipbuilder signed letters of intent (LOIs) with Sinokor Merchant Marine for four Newcastlemax bulkers and Pola...
2018-05-08 07:15:41
Merger of McDermott and CB&I approved [Offshore]
The shareholders of McDermott International has approved a plan for the merger of the company and large-sized EPC provider Chicago Bridge & Iron Company (CB&I), which was announced at the end of 2017.  With this, the two corporati...
2018-05-08 07:15:16
30% y-o-y downturn in 1Q NB deliveries [Shipbuilding]
Global shipyard output stood at 348 ships of a combined 22m dwt (8.6m cgt) in the three months that ended on March 31, down by more than 30% year-on-year in dwt terms, on an annualized basis. In full year 2018, according to Clarkson Research, ...
2018-05-08 07:14:47
HMD took 51% less Q1 operating profit [Shipbuilding]
Hyundai Mipo Dockyard (HMD) announced through a regulatory filing on May 3 that its 1Q operating profit (interim, consolidated basis) declined by 50.9% to around KRW23bn from the same time last year’s KRW46.8bn. The revenue in the same perio...
2018-05-08 07:14:12
Korea's in-house developed car ferry developed [Shipbuilding]
Dae Sun Shipbuilding & Engineering launched 19,000-ton car ferry 'Silver Could', which will be delivered to Hanil Express in October this year, on May 3 at its Yeongdo-based shipyard, Busan Metropolitan City, Korea.  The Silver Cloud ...
2018-05-08 07:13:41
"Race continues for supersize boxships" [Shipbuilding]
The market continues to witness order rally for super-large boxships The UK-based Zodiac Maritime decided on May 2 to order four neo-panamax containerships at Hyundai Heavy Industries (HHI). Yang Ming of Taiwan is poised to make a newbuilding ...
2018-05-08 07:13:06
HHI signaling a markup [General]
A market analyst predicted an additional ship price markup by Hyundai Heavy Industries (HHI), who has enough orders to keep it busy for next two years even with its poor Q1 result. Lee Kyung-ja, an analyst with Korea Investment & Securit...
2018-05-08 07:09:15
Korea signs ODA with Vietnamese maritime industry [General]
The Korea Marine Equipment Research Institute (KOMERI) singed ODA (Official Development Assistance) agreement with Vietnam Shipbuilding Industry Association in cooperation with the Korea Offshore & Shipbuilding Engineering Cooperative (KOSEC)...
2018-05-08 07:06:52
1Q NB orders post 15% y-o-y downturn [Market Information]
Global shipbuilding industry scored 186 units, 17.2m dwt (6.2m cgt) of orders for the first quarter of 2018, representing a 15% year-on-year downturn in terms of dwt.  Considering that shipbuilders in the world posted as much as 134% y-o-...
2018-05-04 17:06:29
100 offshore projects to be sanctioned in 2018 [Offshore]
The current tailwind in the oil market is likely to propel 100 new offshore projects to be sanctioned in 2018, according to Rystad Energy. This compares to only 60 projects in 2017 and below 40 in 2016, as shown in the latest Oilfield Service Rep...
2018-05-04 07:31:26
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