Namura nets new coal carrier [Shipbuilding]
Japan's ERICA NAVIGATION S.A. (SENO KISEN) turns out to have placed an order for one new coal carrier based on a long-term charter contract signed with its compatriot shipping giant Mitsui O.S.K. Lines (MOL). MOL has recently announced that ER...
2018-07-27 07:15:32
STX France back to 'Atlantique' [Shipbuilding]
France Saint-Nazaire located shipyard STX France now renamed itself as 'Chantiers de l'Atlantique', its original name. Established back in 1861, the yard was sold by Alstom to STX Offshore & Shipbuilding in 2006. The renaming is led by ...
2018-07-27 07:14:35
Vard delisted from SGX [Finance]
Vard Holdings has voluntarily decided to delist its stock from Singapore Exchange Limited (SGX). The majority of Vard shareholders agreed to the decision. Also, Fincantieri, which holds an 85% stake in Vard, offered the shareholders SGD 0.25 i...
2018-07-27 07:13:39
Ulsan's ship exports hit its lowest in 15 years [Shipbuilding]
Ulsan Metropolitan City, one of the Korean shipbuilding hubs, recorded exports of KRW 33.14bn (approximately $29.6m) in the first half of 2018. representing a 2.9% year-on-year decrease. From January to June this year, according to a report th...
2018-07-27 07:13:02
NB deliveries show decline in 1H [Shipbuilding]
It turned out that global shipbuilders delivered 691 newbuildings of a combined 45.3m dwt (17.3m cgt) in the first half of this year, down by 7% (in terms of dwt) over the same period a year ago. The whole output in full year of 2018 is projected...
2018-07-27 07:12:26
Korea supports local ship launching works [Shipbuilding]
South Jeolla Province of Korea announced on July 24 that it sets up a joint launching field for small- and mid-sized ships with a help from state funding.  The province will spend a total of KRW 13.7bn (approximately $12.24m) including KR...
2018-07-27 07:11:08
Mirae Heavy Industries to build new yard in Goseong [Shipbuilding]
South Gyeongsang Province, Goseong County, and Mirae Heavy Industries signed an investment agreement worth KRW75bn.  Goseong announced that the representatives of the three parties have signed the agreement on July 24. According to the...
2018-07-27 07:10:33
KOMERI completed leadership refresh [People]
The Korea Marine Equipment Research Institute (KOMERI) jointly has been reorganizing itself for the past two months to better respond to the ever-changing business environment. Now on July 23, it completed the effort. In particular, STAFF depa...
2018-07-27 07:09:57
KOMERI completed leadership refresh [Equipment]
The Korea Marine Equipment Research Institute (KOMERI) jointly has been reorganizing itself for the past two months to better respond to the ever-changing business environment. Now on July 23, it completed the effort. In particular, STAFF depa...
2018-07-27 07:09:28
HMD smiles at US chemical export surge [Shipbuilding]
Hyundai Mipo Dockyard (HMD) is expected to benefit from the export surge of chemical products from North America. Yoo Seung-Woo, an analyst at SK Securities commented on July 26 that “HMD’s main offerings are the ones that transporting eth...
2018-07-27 07:08:27
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