Croatia to face Uljanik risks [General]
The Minister of Finance of Croatia Minister of Finance of Croatia Zdravko Maric recently commented that the country might end up costing HRK4.2bn (around $651m) due to the guarantee it granted to Uljanik shipyard. The number accounts for about 1....
2018-10-23 08:05:01
Norway Fosen embraces NES [Shipbuilding]
Rissa-based Fosen Yard of Norway recently acquired Nordseewerke Emden Shipyard (NES), a bankrupted yard in Germany. According to foreign media, Fosen bought 51% shares in NES. Fosen revealed that the company and Deutsche Industrieanlagen, the ...
2018-10-23 08:04:28
AVIC sliding under CMHI [Shipbuilding]
It seems Chinese government is pushing a merger between China Merchants Heavy Industry (CMHI) and AVIC International Ship Development. According to sources, State-owned Assets Supervision and Administration Commission (SASAC) is gathering two ...
2018-10-23 08:03:26
Del Monte orders its first boxship [Shipbuilding]
Del Monte, a North American food production and distribution company, turns out to have booked its first containerships at CSSC-affiliated Huangpu Wenchong Shipbuilding (HPWS). According to broker industry and foreign press, the two companies ...
2018-10-23 08:02:37
Ulsan welcomes lifting restrictions on HHI [Shipbuilding]
Ulsan Metropolitan Council, the local council of Ulsan Metropolitan City, Korea, has welcomed a court granting an injunction on October 19 for which Hyundai Heavy Industries (HHI) applied regarding lifting restrictions on bids for naval projects....
2018-10-23 08:01:53
"Korea to heal shipbuilding industry" [Shipbuilding]
The Korean government is expected to come up with a plan for enhancing the vitality of domestic shipbuilding and equipment industries shortly. Sung Yun-mo, Minister of Trade, Industry and Energy of Korea, visited the work area of Panasia, a Ko...
2018-10-23 08:01:26
GreenShip wraps two-day dialogue [General]
GreenShip Forum took place during October 18-19 at Busan with 400 participants and 22 speakers from 19 countries around the world. Hosted by the Ministry of Trade, Industry and Energy (MOTIE) of Korea and arranged by The Korea Marine Equipment...
2018-10-23 08:00:55
Offshore drillers hit their stride by 2020 [Offshore]
While it is expected that global offshore market will hit its stride by 2020 as the brent crude oil is traded at over $80 per barrel, oil & gas drilling players are looking forward to market recovery. Early 2016 when the oil prices dipped ...
2018-10-23 08:00:04
MPA signs MOU for 3D printing tech [General]
The Maritime and Port Authority of Singapore (MPA) signed two Memoranda of Understanding (MoU) for Additive Manufacturing (AM), also known as 3D printing, at the 6th Global AM Summit held on 17 and 18 October 2018 at the Changi Exposition Centre....
2018-10-22 07:14:44
Project Forward and Wartsila ready for 2020 [Equipment]
The Project Forward initiative led by Athens-Based Arista Shipping, with Wärtsilä as one of the participants, demonstrates that with LNG as fuel, an advanced hull design, and highly efficient propulsion machinery, it will be possible to meet th...
2018-10-22 07:13:16
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