Imabari has largest boxship orderbook [Shipbuilding]
Imabari Shipbuilding has increased its presence in the global containership construction arena. Currently, according to Alphaliner, the Japanese shipbuilding heavyweight has the largest boxship orderbook in the world.  The number of co...
2018-08-22 07:15:36
HHI exhausted offshore orderbook [Offshore]
Hyundai Heavy Industries (HHI) offshore division finally exhausted its orderbook on August 20 with the departure of the last NASR platform. NASR facilities consist of five platforms, and the last unit, 18,700-ton accommodation facility has sai...
2018-08-22 07:14:51
Subsea 7 wins new offshore work [Offshore]
Oslo-listed Subsea 7 S.A. announced on August 20 that it has been awarded an offshore conventional contract worth a $150m-300m level. The Norwegian oil field service firm has not revealed further details, but noting the offshore execution is s...
2018-08-22 07:14:20
Busan expands support range for struggling businesses [Finance]
Busan Metropolitan City of Korea announced on August 21 that it will expand export finances for local struggling businesses.  The plan aims to put more liquidity into Busan-based companies focused on exporting automobile parts and shipbui...
2018-08-22 07:13:49
Crude tanker awaits better days [Shipbuilding]
A reported predicted global crude tanker market will see a much-improved rate with weak tanker delivery, increasing production, in addition to 2020 sulfur cap. Fearnley Securities of Norway recently suggested such an idea, predicting VLCC pric...
2018-08-22 07:13:07
"NB price upturn is on track" [Shipbuilding]
While Korean major shipbuilders are seeing a significant increase in their stock prices as ship price is expected to rise, it seems that ship price will slowly climb in the second half of this year against a backdrop of rising thick plate price.&...
2018-08-22 07:12:12
Korea prevailed in VLCC market [Shipbuilding]
The global shipbuilding industry has scored a total of 525 units, 41.1m dwt (15.2m cgt) of newbuilding orders during the Jan-Jul period of 2018, representing a 17% year-on-year downturn in terms of annualized dwt, and 3% in terms of cgt. The tota...
2018-08-22 07:11:32
CANSI reveals China’s Jun-Jul result [Shipbuilding]
According to the data, Chinese shipyards completed newbuildings of a combined 21.81m dwt for the period, down by 26.8% yoy. On the other hand, they were awarded new vessels of 24.04m dwt, representing an 81.6% upturn.  As of the end of ...
2018-08-22 07:10:54
KONGSBERG wins contracts for nine hybrid Ro-Ros [Equipment]
Kongsberg Maritime has been awarded significant contracts with Nanjing Jinling Shipyard Co., China to deliver power and hybrid systems to nine (9) Roll on – Roll off (Ro-Ro) vessels ordered by Grimaldi Group, Italy. The contracts are valued at ...
2018-08-21 07:33:01
SMM: Towards a clean future [General]
Low-sulphur ship fuel, decarbonisation, ballast water management: Stricter international emission limits have moved environment protection to the top of the maritime industry’s agenda. The topic will also feature prominently at SMM, the indus...
2018-08-21 07:32:25
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