Changhong nets Ultramax BC octet [Shipbuilding]
Zhoushan Changhong International Shipyard of China has reportedly been awarded up to eight Ultramax bulkers by its compatriot ICBC Leasing. According to industrial source and foreign press, ICBC Leasing commissioned the Chinese shipbuilder to ...
2018-10-26 08:36:26
IRISL books TK trio at domestic yard [Shipbuilding]
Iran's state-owned Islamic Republic of Iran Shipping Lines (IRISL) turns out to have ordered three tankers from its compatriot SADRA (Iran Marine Industrial Co.).  While the price is unknown, according to industrial source and foreign pre...
2018-10-26 08:35:55
Balearia to refit ferry for LNG [Equipment]
Hamburg-located marine machinery manufacturer Caterpillar Marine recently announced that it is refitting three vessels of Balearia, a Spanish ferry operator, for LNG use. Caterpillar is planning to renovate two MaK 9 M 43 C main engines each s...
2018-10-26 08:35:30
Goseong attracts potential investors [General]
Goseong County signed an investment agreement with the County Council, Samkang M&T, Samkang S&C, and Donghae Township Development Committee. The parties agreed to ▲give the locals priority in hiring ▲build housing facilities in the...
2018-10-26 08:35:02
Korea injects funds into HMM [Shipping]
It turned out that the Korea Development Bank (KDB) has decided to offer financial supports of KRW 1trn (about $878m) for its struggling compatriot shipping major Hyundai Merchant Marine (HMM). According to industrial sources, HMM decided to i...
2018-10-26 08:33:58
Kouan wins Chem TK duo [Shipbuilding]
Chinese private shipbuilder Taizhou Kouan Shipbuilding has won two 17,500 dwt chemical tankers from Norwegian chemical tanker operator Rederiet Stenersen AS. According to industrial source and foreign press, the two companies also signed a dea...
2018-10-26 08:33:28
'Marine Tech Korea 2018' posts highest MOU results [Shipbuilding]
South Gyeongsang Province had a briefing session on October 24 to report results of the Marine Tech Korea 2018.  The meeting aimed to present results of the Marine Tech Korea 2018 and the International LNG Conference 2018, which lasted fr...
2018-10-26 08:32:58
"HMD may find next growth engine in car ferries" [Shipbuilding]
An analyst called close attention for Hyundai Mipo Dockyard’s (HMD’s) dual growth strategy based on its Ulsan yard and Hyundai-Vinashin Shipyard (HVS). Park Moo-Hyun, a researcher at Korea's Hana Financial Investment, drew attention to Han...
2018-10-26 08:32:33
IMO confirms HSFO carriage ban [Shipping]
IMO confirmed its firm intention to ban the carriage of HSFO since March 2020 to prevent the use of HSFO as a marine fuel. The carriage will be only allowed for vessels featuring scrubbers. In Marine Environment Protection Committee recently h...
2018-10-26 08:32:00
Public hearing on 'Smart K-Yard' to be held [Shipbuilding]
A public hearing on development of the 'Smart K-Yard' will be held on October 30 at Samjung Hotel, Seoul, Korea.  The meeting hosted by the Ministry of Trade, Industry and Energy (MOTIE), the Korea Institute for Advancement of Technology ...
2018-10-26 08:31:32
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