Dole seeking fleet renewal in China [Shipbuilding]
US agricultural giant Dole is tipped to order up to four reefers for fleet renewal, it is said. According to TradeWinds, the company has sent in inquiries for 2+2 2,500-teu containerships to multiple Chinese yards. According to the report, the...
2018-08-13 07:09:20
ICBC-Vitol ink S&LB deal for tankers [Shipbuilding]
ICBC Financial Leasing (ICBCFL), an affiliate of the Industrial and Commercial Bank of China (ICBC), signs a Sale and Leaseback deal with Vitol of the Netherlands, one of the largest oil traders in the world, for 11 tankers.  ICBCFL seems...
2018-08-13 07:08:46
CHN–US trade war expected to harm TK market [Shipbuilding]
The China–US trade war has a negative effect on the outlook for 4Q tanker shipping market, Allied Shipbrokers noted.  George Lazaridis from the Greek shipbroker said China, the main importer of the US oil this year, is now to discourage...
2018-08-13 07:08:09
"Idle boxships double at year-end" [Shipbuilding]
A report predicted that idle container tonnage may double to the current level at the end of the year. According to Alphaliner, the current idle tonnage amounts to 341,000-teu at the end of July, and the number may reach up to 750,000-teu due ...
2018-08-13 07:06:31
IHI walks out on shipbuilding industry [Shipbuilding]
Japanese heavy industry group IHI closed Aichi Works, its shipbuilding business base located in Aichi Prefecture, on August 10. The shipyard has been one of the symbols of Japan’s shipbuilding capability and was one of the top three Japanese ya...
2018-08-13 07:05:31
KOMERI supports EGCS tests [Equipment]
The Korea Marine Equipment Research Institute (KOMERI) is supporting Korean equipment industry by providing supports for verification tests of exhaust gas cleaning system, or, EGCS. A team at KOMERI Busan R&D headquarter has various testin...
2018-08-13 07:05:00
Busan to set up innovation offshore hub [Offshore]
Busan Metropolitan City and the Korea Institute of Ocean Science & Technology (KIOST) announced on August 10 that the 'project for building offshore OpenLAB and develop tangible convergence content' for which it made proposal jointly has been...
2018-08-13 07:04:18
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