POSCO to order dual-fuel BC series [Shipbuilding]
POSCO plans to replace its existing Capesize bulkers with up to 20 dual-fuel newbuildings. According to industrial source and TradeWinds, the Korean steel giant is likely to secure two new dual-fuel bulkers every year to replace its Capesize u...
2018-09-10 07:19:14
Hankuk Carbon equips SHI’s LNGCs [Shipbuilding]
LNG cold insulator manufacturer Hankuk Carbon announced on September 7 that it had signed a contract to provide cryogenic cold insulators for LNG carriers with Samsung Heavy Industries (SHI). The contract lasts from September 6, 2018, to Decem...
2018-09-10 07:18:38
CSIC Leasing inked newbuilding contract [Shipbuilding]
CSIC-affiliated leasing arm CSIC Leasing inked a newbuilding contract for two kamsarmax bulkers with Tianjin Xingang Shipbuilding, it is said. The industry sees that the ships are 82,000-dwt, and will be delivered between late-2019 to 2020. Cl...
2018-09-10 07:17:51
"DSME leads change in ship engine" [Equipment]
While ship technologies are evolving gradually against a backdrop of strong environmental regulations, Daewoo Shipbuilding & Marine Engineering (DSME) will drive innovation within ship engine sector, a Korean industry expert expects.  ...
2018-09-10 07:16:59
Ulsan-KAMUG awarded DfAM pioneers [Equipment]
Ulsan Metropolitan City announced on September 6 that the Ulsan ICT Promotion Agency (UIPA) and Korea Additive Manufacturing User Group jointly held a DfAM (Design for Additive Manufacturing) competition, to award Park Yong-ha at Samsung Heavy In...
2018-09-10 07:16:26
"Multi-level subcontracting is the cause of fatal accidents" [Shipbuilding]
An investigation suggested that the primary cause of Samsung’s crane accident and STX explosion was the multi-level subcontracting. The Investigation committee on Shipbuilding Accidents stated in a report submitted to the Ministry of Employm...
2018-09-10 07:15:47
"Business can’t go on without sacrifice" [Offshore]
Kang Hwan-Goo, Hyundai Heavy Industries (HHI) CEO said in a statement on September 7 that “without sacrifice, it may be impossible to maintain offshore business.” Kang said in the statement that “the offshore division is going through vo...
2018-09-10 07:14:12
Korea topped in August NB orders [Shipbuilding]
10 units of 540,000 cgt have been reported contracted at Korean yards last August, sporting a big lead over Chinese (14 units of 320,000 cgt) and Japanese ones (eight units of 180,000 cgt). With this, according to Clarksons Research, Korean ya...
2018-09-10 07:13:40
Global NB orders reach $40bn [Shipbuilding]
It turned out that, in the first eight months of the year, 623 vessels worth $40bn were ordered globally.  Corrine Png, CEO at Crucial Perspective of Singapore, noted that it represents a 7% year-on-year decline. In value terms, cruise sh...
2018-09-10 07:13:06
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