OZ Industry attains AIP for composite lashing bar [Equipment]
OZ Industry, a Korean start-up specialized in manufacturing container lashing bar, announced on August 21 that the company has succeeded in developing composite lashing bar for the first time in the world with its in-house filament winding techno...
2018-08-23 07:29:20
PaxOcean talks on additional FSRU order [Offshore]
PaxOcean of Singapore turns out to have christened one FSRU for Jaya Samudra Karunia (JSK), a Korean-Indonesian joint venture (JV), on August 15 at its Zhoushan-based shipyard. According to industrial sources and Splash, the 26,000 cbm FSRU 'K...
2018-08-23 07:28:47
BoComm buys 10 BCs from Germany [Shipping]
BoCom Financial Leasing (BoCom FL), a wholly owned subsidiary of Bank of Communications (BoCom), is said to have agreed to buy 10 Supramax bulkers from one German bank.  While the price is unknown, according to industrial sources and Trad...
2018-08-23 07:28:14
"Scrubber-HSFO will place in the market" [Equipment]
A consultant outfit predicted that HSFO will maintain its presence in future fuel market citing increasing adoption of scrubbers. JBC predicted that in 2020, scrubber-equipped ships will consume around 600,000 b/d of HSFO (high-sulfur fuel oil...
2018-08-23 07:24:58
Fuel regulation stimulates LNG adoption [Shipping]
It seems growing global fuel regulation regime is stimulating the adoption of LNG as the marine fuel of choice, with major global ports preparing LNG bunkering services. UBS recently predicted that the ‘green shipping’ will grow into a $25...
2018-08-23 07:24:12
Korea sees 41% downturn in NB deliveries [Shipbuilding]
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...
2018-08-23 07:23:25
"Compliant fuel will seize the market" [Shipping]
Some of the industry argued that owners prefer compliant fuels among various options. UBS recently predicted in a recent report that only a 2% of the global fleet will equip scrubbers by 2020. In a survey of shipping executives, 68% commented ...
2018-08-23 07:22:44
HHI-HSHI go divided combination [General]
Hyundai Heavy Industries (HHI) and Hyundai Samho Heavy Industries (HSHI) boards decided to go divided combination to solve governance problems. The boards of the two companies decided on August 22 to divide HSHI into investment body and operat...
2018-08-23 07:22:10
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