STX Heavy going for physical division [General]
STX Heavy Industries announced through a regulatory filing on March 24 that it will spin off a new company, Sae-A STX Entech Co., Ltd., by splitting is plant division and some non-operating assets. Subsequently, the company further explained t...
2018-07-26 07:12:45
First Russian LNGBV emerges next year [Shipbuilding]
The first Russian-built LNGBV is emerging by the end of 2019, sources said. Anton Lytskevich, a representative of Krylov State Research Centre (KSRC), a Russian state-run vessel design center, said so in a recent conference at Saint Petersburg...
2018-07-26 07:12:13
Sembcorp turns to red in 1H [Shipbuilding]
Sembcorp Marine of Singapore announced that its profitability weakened while revenue rising in 2Q. Its Q2 revenue recorded yoy 151% growth at SGD1.627bn, while net loss widens from Q2 2017’s net profit SGD5.1m to SGD55.6m. The company said t...
2018-07-26 07:11:38
Keppel O&M saw weak 1H result [Shipbuilding]
Singapore Keppel Corporation said that its Q2 2018 net profit reached SGD246m, which is yoy 44% increase. Its 1H net profit also enjoyed yoy 38% increase at SGD583m. On the other hand, Keppel Offshore & Marine (Keppel O&M) recorded SGD...
2018-07-26 07:09:38
KR paves the way to autonomous navigation [Shipbuilding]
The Korean Register of Shipping (KR) commenced research on ‘condition-based maintenance system for autonomous vessel’ with Hyundai Ocean Service, toogram systems, T1 Information Technology, and the Korea Institute of Marine Science & Tech...
2018-07-26 07:09:01
Hyundai Mipo reached tentative agreement [General]
The labor and the management of Hyundai Mipo Dockyard (HMD) have reached a tentative agreement for this year’s collective negotiation. In the 18th round of negotiations held on July 24, the labor and management agreed to ▲freeze the basic ...
2018-07-26 07:08:33
Wenchong tipped for 16 boxships [Shipbuilding]
CSSC-affiliated Guangzhou Wenchong Shipyard is tipped for a massive feeder deal, it is said. According to foreign media and industry sources including Splash and Braemar ACM, the yard is now the most prominent candidate for Wan Hai Lines’ 8+...
2018-07-26 07:08:04
Fincantieri to build two cruises [Shipbuilding]
Fincantieri has signed a memorandum of agreement (MoA) with Princess Cruises, brand of Carnival Corporation & plc, the world’s largest cruise ship operator, for the construction of two next-generation 175,000-ton cruise ships which will be ...
2018-07-25 07:30:12
Scrubber orders full ahead [Equipment]
A survey of EGCSA members has revealed that scrubber uptake is rapidly accelerating with the number of ships with exhaust gas cleaning systems installed or on order standing at 983 as of 31 May 2018. This follows a slew of recent reports that ...
2018-07-25 07:29:24
Wärtsilä to provide maintenance for Virgin Voyages [Equipment]
Virgin Voyages has assigned Wärtsilä the responsibility of the maintenance of Virgin Voyages’ three cruise ships. Wärtsilä will ensure that vessels are powered and operated reliably, efficiently and sustainably, enabling Virgin Voyages to f...
2018-07-25 07:29:09
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