Costamare decides to invest in scrubber [Shipbuilding]
Costamare has recently announced through its 3Q business results reporting that the US-listed Greek shipowner secured pre and post delivery financing for construction of five 12,690 teu containerships which will be hired by Taiwanese containershi...
2018-10-29 08:22:57
Fredriksen adding LNGCs at HHI? [Shipbuilding]
The industry heard that John Fredriksen is exercising options he held at Hyundai Heavy Industries (HHI) for LNG carriers. According to foreign media and the industry, Fredriksen’s Seatankers Management is poised to exercise an option for two...
2018-10-29 08:22:34
IEA calls for more LNG carriers [Shipping]
International Energy Agency (IEA) under OCED warned against LNG carrier shortage. An LNG carrier is an expensive vessel incorporating gas-related technologies, and its newbuilding orders have been based on long-term charter agreements for 10-3...
2018-10-29 08:22:08
Ulsan renovates for the offshore wind industry [Offshore]
Ulsan, suffered from shipbuilding slump for years, is now envisioning a new era of prosperity with the offshore wind industry. The Korean government is investing a total of KRW352.5bn in the development of offshore wind cluster in Ulsan, which...
2018-10-29 08:21:37
STX Engine foray into Tanzania [Shipbuilding]
STX Engine is making an entry in the Tanzanian market establishing a local subsidiary STX Saekyung Ltd jointly with Saekyung Construction. Two companies were selected as preferred bidders in a tender for slipway construction and engineering by...
2018-10-29 08:20:24
58% of global orderbook all delivered by 2019 [Market Information]
Global newbuilding orderbook recorded 202m dwt (77.8m cgt, 3,058 units) at the end of September this year, which is 6% lower compared to a year ago in terms of dwt. Of the current orderbook, 58% in dwt terms is scheduled to be delivered by the en...
2018-10-26 16:57:06
NB orders see 'dwt down, cgt up' [Market Information]
The global shipbuilding industry scored a total of 738 units, 57.6m dwt (21.1m cgt) of newbuilding orders from January to September this year, representing a 10% year-on-year decline in dwt terms on an annualized basis, but a 5% y-o-y increase in...
2018-10-26 16:56:48
WFW advises Höegh LNG on K-Sure backed HHI FSRU [Finance]
Watson Farley & Williams (“WFW”) advised Höegh LNG Ltd (“Höegh LNG”) on the US$200m debt financing for its ninth floating storage and regasification unit (“FSRU#9”) (tbn “Höegh Gannet”)  currently under construction at...
2018-10-26 08:45:39
Hunter Group appointed as Senior Technical Advisor [General]
Hartree Maritime Partners LLC have appointed Hunter Group ASA as their Senior Technical Advisor. Hunter Group ASA will provide technical newbuild supervision services in respect of Hartree’s four VLCC vessels to be constructed at Daewoo Shipbui...
2018-10-26 08:44:48
MOL introduces NAPA FI [Shipping]
Mitsui O.S.K. Lines, Ltd. (MOL; President & CEO: Junichiro Ikeda) announced its decision to equip 80 of its operated bulkcarriers with a new service called NAPA Fleet Intelligence with Noon Report (NAPA FI) developed by NAPA Ltd. (President: ...
2018-10-26 08:41:12
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