STX won three PCs from Singapore [Shipbuilding]
Amid hardships, STX Offshore & Shipbuilding (STX O&S) seems to manage to won multiple PCs from Pacific Carriers Limited (PCL) of Singapore. According to foreign media and industry, the order contains three 50,000-dwt MR tankers which w...
2018-07-10 07:17:48
STX missing RG for nine MR tankers? [Finance]
It is heard that Korea Development Bank (KDB) is withholding RG for nine MR tankers STX Offshore & Shipbuilding (STX O&S) have secured. According to TradeWinds, the bank is withholding RG for two contracts (three unit deal and two unit...
2018-07-10 07:17:12
HHI seems to have won VLGC from Solvang [Shipbuilding]
Hyundai Heavy Industries (HHI) is reportedly about to sign a contract with Solvang ASA for the construction of one very large gas carrier (VLGC). According to industrial sources, the Norwegian gas carrier operator commissions HHI to build one VLG...
2018-07-10 07:16:33
KHI wins Japan's 1st LNGBV [Shipbuilding]
Kawasaki Heavy Industries (KHI) announced on July 6 that the Japanese shipbuilder signed a contract with Central LNG Shipping Japan Corporation, a joint venture established by Kawasaki Kisen Kaisha (K Line), Chubu Electric Power, Toyota Tsusho Co...
2018-07-10 07:15:59
Big 3 facing different scores in Q2 [Shipbuilding]
It seems Daewoo Shipbuilding & Marine Engineering (DSME) is the only earner among Korean ‘Big 3’ yards in Q2 2018, signifying increasing pressure from decreased orders during the last two years. According to FnGuide, a Korean market in...
2018-07-10 07:15:26
DSME and Sembcorp remain in 'Rosebank FPSO' bid [Offshore]
It is expected that a preferred bidder will be chosen within this month for Chevron's Rosebank FPSO project for which four players submitted the application last March. According to industrial source and foreign press, Daewoo Shipbuilding & M...
2018-07-10 07:14:46
Panasia inks giant scrubber deal [Equipment]
Panasia, a Korea marine equipment manufacturer secured a significant deal worth around KRW75bn from TMS Group led by George Economou, a Greek owner. The company revealed on July 9 that two parties signed a supply contract for scrubbers on July...
2018-07-10 07:14:06
"VLCC resale price likely to surpass $100m" [Shipping]
Norway's largest investment bank DNB Markets has recently forecasted that the price of very large crude carrier (VLCC) will surpass a $100m level within the next two or three years. Analysts at the bank including Nicolay Dyvik expected that th...
2018-07-10 07:13:32
Foreship targets transparency on fuel consumption [Column/Contribution]
Fresh volatility in the oil markets and the approach of a new era in ship fuel use are combining to demand more accountable vessel efficiency modelling, says Janne Niittymäki, Head of Hydrodynamics, Foreship  Fuel buyers have been watchi...
2018-07-09 08:49:18
Spliethoff group prepares for 2020 sulphur cap [Equipment]
On 26 June Spliethoff’s mv Floragracht left the BLRT shipyard in Klaipeda, Lithuania, where she was outfitted with an exhaust gas cleaning system (scrubber). In the coming period thirty more vessels of Dutch ship owner Spliethoff Group will fol...
2018-07-09 07:23:53
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