Fincantieri orderbook stacks more than 100 [Shipbuilding]
Italian shipbuilding group Fincantieri revealed that its order backlog exceeded 100 units. In its 1H result data, the company said its overall orderbook values at EUR29.8bn, which is six times its 2017 revenue. As of June 30, its orderbook log...
2018-08-09 07:29:39
China floats first pipeline-inspecting ship [Shipbuilding]
China has put its first self-developed pipeline inspection ship into operation. The ship Ocean Oil 791 was delivered to CNOOC last month. The unit is designed by Shanghai Merchant Ship Design Research Institute under CSSC. With electrical p...
2018-08-09 07:29:08
Chinese yard seeking arbitration on undelivered ships [General]
Hong Kong-based China Ocean Industry announced that it is to seek arbitration for four undelivered multipurpose ships (MPPs). The company revealed that it had negotiated with two clients for the price and delivery of six unfinished MPPs since ...
2018-08-09 07:27:21
Sejin Heavy to benefit from LPG rally [Equipment]
Japan is increasing US LPG import. The import volume, which started to increase in 2013, has exceeded import from the Middle East since 2017. As of June this year, US LPG import already reached 6.9m tons, exceeding last year’s annual volume, 6....
2018-08-09 07:23:01
STX CEO circulates note to employees [General]
STX O&S CEO Jang Yoon-Geun released an official comment on recent media reports about the company in company newsletter on August 8.  He said the company should selectively receive profitable orders to secure RG, and STX needs to impr...
2018-08-09 07:22:22
Chinese yards see profitability down in 1H [Shipbuilding]
For the first half of 2018, Chinese shipbuilding industry experienced falling deliveries and profitability against a year ago, but saw an increase in order cover and new order intakes.   According to the China Association of the Nati...
2018-08-09 07:21:48
YZJ wins 22 NBs in 1H [Shipbuilding]
Yangzijiang Shipbuilding (Holdings) Group (YZJ), the largest private shipbuilder in China, turns out to have been awarded newbuildings worth close to $1bn for the first half of 2018.  The Singapore Exchange-listed (SGX-listed) company ann...
2018-08-09 07:21:18
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