Fujian Mawei smiles at booming NB orders [Shipbuilding]
Fujian Mawei Shipbuilding of China is seeing a huge growth in newbuilding order thanks to ‘One Belt and One Road’ initiative. According to local media, the yard won around 53 ships from Singapore, Malaysia, and the Middle East for last fiv...
2018-08-20 07:19:42
Davie won massive ice-breaker conversion deal [Shipbuilding]
Chantier Davie, the largest Canadian shipyard, signed a deal worth $610m to convert three AHTS (Anchor handling tug supply vessel) into ice-breakers with Public Services and Procurement Canada (PSPC). According to the contract, the yard will c...
2018-08-20 07:19:04
China plans LNG bunkering infrastructure [Shipping]
The Ministry of Transport (MOT) of China has recently released a timetable for creating a full-scale LNG bunkering infrastructure system by 2025, with a focus on riverine vessels.  The project aims to set up LNG bunkering standard and ini...
2018-08-20 07:16:18
UPA to replace old tugboats with LNG ships [Shipbuilding]
The Ulsan Port Authority (UPA) of Korea pushes ahead with its plan to replace old tugboats (over 20-year-old) with new, LNG-powered ones. On August 16, according to the UPA, it has conducted a feasibility study from April and found that constr...
2018-08-20 07:15:47
"Fall of Chinese shipyards accelerated further" [Shipbuilding]
Chinese shipbuilding industry is said to have become weaker, resulting from the limit of technology, a lack of design expert, etc.   Park Moo-Hyun, a researcher at Korea's Hana Financial Investment, explained on August 16, "A problem...
2018-08-20 07:15:19
Norden makes scrubber investment for 26 TKs [Shipbuilding]
Norden has recently announced that the Danish tanker operator will install scrubbers in its 26 vessels with a view to deal with the IMO's 2020 global sulfur cap.  Norden explained it has ordered two new vessels with scrubbers, will retrof...
2018-08-20 07:14:49
DSME recovers profitability in merchant ship [Shipbuilding]
A researcher predicted that Daewoo Shipbuilding & Marine Engineering (DSME) will recover profitability in merchant ship segment with risks in offshore market diminishing. Park Moo-Hyun, a researcher at Korea's Hana Financial Investment com...
2018-08-20 07:14:21
YZJ revenue enjoyed 120% growth in 2Q [Shipbuilding]
Yangzijiang Shipbuilding (Holdings) Group (YZJ), the largest private shipbuilder in China, enjoyed great Q2 revenue result at CNY7.6bn, which means yoy 120% growth, said CGS-CIMB Securities. It is also said that YZJ has delivered 20 ships in the ...
2018-08-20 07:13:48
Zvezda-DSME LLC filed bankruptcy [General]
The modernization project of Zvezda yard, started by Daewoo Shipbuilding & Marine Engineering (DSME) nine years ago, eventually fall apart. According to Russian media and industry sources on August 17, Zvezda-DSME LLC, a joint venture betw...
2018-08-20 07:13:13
Korea dominated July order game [Market Information]
The Korean shipbuilding industry has stacked the thickest order record in the world between January and July 2018. According to Clarkson Research, Korea took the number one place in July competition, winning almost half of the whole orders (2....
2018-08-17 17:05:02
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