Chengxi heaping newbuilding orders [Shipbuilding]
CSSC-affiliated Chengxi Shipyard seems to be poised to win up to eight wood-chip carriers from Singaporean owner Nova Shipping. According to foreign media and industry, the negotiation on 4+4 50,000-dwt units is coming to an end, and final con...
2018-06-01 07:14:30
HHI Holdings partners with Naver [Shipbuilding]
A robotics division of HHI Holdings, a holding company of Hyundai Heavy Industries Group and Naver Labs signed MOU for joint development of robotics business on May 28. Two parties agreed to join forces in development and manufacturing of ‘s...
2018-06-01 07:13:55
USC discusses building 50 dry cargo ships [Shipbuilding]
United Shipbuilding Corporation (USC), the largest state-owned shipbuilding group in Russia, is likely to win a large number of new dry cargo ships from its compatriot shipowner.  USC President Aleksei Rakhmanov has recently said through ...
2018-06-01 07:13:22
CMES-ICBC make investment in VLOC project [Shipbuilding]
China Merchants Energy Shipping (CMES) has recently announced that the company and ICBC Financial Leasing (ICBCFL) make cooperation to invest in very large ore carriers (VLOCs) which will be used for a contract of affreightment (COA) signed with ...
2018-06-01 07:10:56
Wisdom Marine takes LPGC delivery soon [Shipping]
Wisdom Marine is to take delivery of its first LPG carrier soon.  The Taiwanese shipowner placed an order at Japan's Murakami Hide Shipbuilding for one LPG carrier in February 2016. The vessel worth about $20m is slated for delivery withi...
2018-06-01 07:10:27
Korea Yanase in RG talks [Finance]
Korea Yanase Tongyeong Shipbuilding has recently been in refund guarantee (RG) talks about two small vessels it was awarded. In early May, according to industrial sources, the Korean shipbuilder won one 5,000 cbm sand dredger from Han-A Shippi...
2018-06-01 07:09:50
"BWTS market is ever-growing" [Equipment]
Norwegian BWTS maker Optimarin commented that its recent revenue growth and increasing orders reflect the maturing global BWTS market. The company revealed that it  has now sold close to 600 of its USCG-approved Optimarin Ballast Systems ...
2018-06-01 07:09:11
Refiners are gearing up for low-sulphur oil [Shipping]
Korean refiners are preparing 2020 SOx regulation with new desulfurization facilities. Hyundai Oilbank has arranged facilities which can refine 150,000 barrels of high-sulphur oil a day into more valuable petroleum products. Oilbank is even ex...
2018-06-01 07:08:07
"SHI's liquidity improved hugely" [Finance]
One Korean industry expert claimed that Samsung Heavy Industries (SHI) is seeing a huge improvement in its liquidity. According to Lee Kyung-Ja, an analyst with Korea Investment & Securities, it seems that SHI's net debt has recently decre...
2018-06-01 07:06:14
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