MDT suggests new business vision [Equipment]
MAN Diesel & Turbo (MDT) has changed its name 'MAN Energy Solutions', declaring a strategic and technological transformation. Following a process that the company had already begun back in 2017 with the goal of expanding its business with ...
2018-06-28 07:20:15
KR develops boxship structural rules [Shipbuilding]
The Korean Register of Shipping (KR) has recently announced that it developed containership structural rules which are applicable to containerships which are ordered from July 1 this year.   By using latest technologies, the KR has c...
2018-06-28 07:19:25
Gyeongnam to build KRW40bn aiding fund [Finance]
Gyeongnam Provincial Government announced on June 26 that it has raised KRW40bn of ‘shipbuilding reorganization fund.’ The government explained that the fund is formed to support local shipbuilding and equipment industries which are plague...
2018-06-28 07:18:55
Top 10 yard list shuffles in turmoil [Shipbuilding]
Global newbuilding orderbook recorded 198.5m dwt (75.3m cgt, 2,996 units) at the end of May, which is 8% lower compared to a year ago in terms of cgt. As of the end of May, according to Clarkson Research, bulker segment have stacked 720 units,...
2018-06-28 07:18:26
"Offshore wind can stimulate local economy and industry" [Offshore]
Baek Woon-Kyu, the Minister of Trade, Industry & Energy of Korea, emphasized on June 26 that there should be a ‘virtuous circle’ between offshore wind and shipbuilding industry. The minister, at ‘offshore wind forum’ held in Seoul,...
2018-06-28 07:17:58
STIC chooses YZJ for feeder duo [Shipbuilding]
Hong Kong operator SITC International Holdings have added its booking at Yangzijiang Shipbuilding (Holdings) Group (YZJ). SITC have ordered two feeder containerships at YZJ-affiliated Jiangsu Yangzijiang Shipbuilding and Jiangsu New Yangzi Shi...
2018-06-28 07:17:30
ABB to power new Virgin Voyages cruise [Equipment]
ABB to supply the complete electric power and propulsion package for the Virgin Voyages’ new fleet. The initial Virgin Voyages vessel, due for delivery in 2020, will be the first of a fleet of three innovative ships designed and built with e...
2018-06-27 07:16:24
World Fuel Services does upgrades at Falmouth [General]
In a bid to meet customer needs beyond 2020 World Fuel Services (WFS) announced a recent investment at its current supply location in Falmouth, UK, to upgrade facilities and the introduction of a new supply vessel. WFS currently stores and sup...
2018-06-27 07:15:49
LR supports Coral South FLNG project in Mozambique. [Shipping]
The scope of work that LR is undertaking covers design, procurement, certification, construction, integration and commissioning, as well as providing classification services under a risk based inspection regime when the FLNG enters service in 202...
2018-06-27 07:14:51
Vard secures contract for three patrol boats [Shipbuilding]
Vard announceed a new contract for the construction of three coast guard vessels for the Norwegian Defence Materiel Agency (“NDMA”) in Norway. The value of the contract exceeds NOK 5 billion.   The Norwegian Government had originally a...
2018-06-27 07:14:35
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