NYK signed MOU for 'rust cleaning laser' [Shipbuilding]
A major Japanese operator NYK announced that it is introducing a compatriot engineering company Toyokoh’s CoolLaser rust removing technology in the maritime industry. NYK explained that the technology would be able to reduce the maintenance ...
2018-08-27 07:26:47
Maersk setting course to low-sulfur fuel [Shipping]
It seems Maersk almost fixed its mind to choose low-sulfur fuel option for its 2020 strategy. The company and Vopak, one of the largest tank terminal operator in the world, announced on August 20 that they signed an agreement for the establish...
2018-08-27 07:26:17
Forum held for equipment manufacturers [Equipment]
The LINC+ project team of Korea Maritime and Ocean University (KMOU) is holding ‘Strategic Forum for Value Creation in Future Equipment Industry’ on September 4 at BEXCO, Busan. The forum will focus on preparing the future of the marine eq...
2018-08-27 07:25:45
HMD sells its all shares in HHI [General]
Hyundai Mipo Dockyard (HMD) has sold all of its stakes (3.9%) in Hyundai Heavy Industries (HHI) through a block sale (block deal) in order to relieve the structure of cross-shareholding. With this, the company has raised cash of about KRW 318bn (...
2018-08-27 07:25:18
Daehan nets this year's 4th NB deal [Shipbuilding]
Greek owner Enesel seems to have ordered two 114,000 dwt crude tankers from Daehan Shipbuilding.  According to industrial sources and TradeWinds, the value of a contract the two companies signed stands at about $104m in total with no opti...
2018-08-27 07:24:33
Citizens gather to save Sungdong [Shipbuilding]
Against bankruptcy of their local shipyard Sungdong Shipbuilding & Marine Engineering, which is the worst-case scenario, citizens in Tongyeong City, North Gyeongsang Province, Korea, plan to acquire the yard by setting up a corporation led by...
2018-08-27 07:23:43
Aberdeen abandons Korean campus plan [General]
Scotland's University of Aberdeen has finally abandoned a plan to open its campus in Korea after postponing the project by three times due to recession in offshore plant market and difficulty in accepting students. since August 2016 when it obtai...
2018-08-27 07:23:13
Korea sees 41% downturn in NB deliveries [Market Information]
It emerged that a total of global shipyard output from January to July 2018 stood at 804 vessels of a combined 51.50m dwt (19.70m cgt), representing 27% and 16% year-on-year downturn in dwt and cgt terms, respectively.  It is also expecte...
2018-08-24 16:36:21
Korea prevailed in VLCC market [Market Information]
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...
2018-08-24 16:36:02
CANSI reveals China’s Jun-Jul result [Market Information]
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 Ju...
2018-08-24 16:35:43
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