STX Engine-Cummins strengthen partnership [Equipment]
About 10 personnel from STX Engine and Cummins including Kim Jong-wook, Senior Managing Director & Head-Sales at STX Engine, and Peter Jensen-Muir, Executive Managing Director of Cummins Asia Pacific at Cummins South Pacific Pty. Ltd., had a ...
2018-10-30 08:39:42
JP Morgan gains from asset-play [General]
JP Morgan turns out to have made a profit by selling two Capesize newbuilds under construction to ArcelorMittal.   According to TradeWinds and broker industrial sources, it seems that JP Morgan sold two 180,000 dwt bulkers (Hull No. ...
2018-10-30 08:38:59
COSCO loading 30 newcastlemax rally [Shipbuilding]
It seems COSCO Shipping Bulk, a bulker arm of China COSCO Shipping, is poised to order a new newcastlemax series. According to TradeWinds and the industry, the company is planning to up to 30 210K newcastlemax ships at domestic yards to transf...
2018-10-30 08:38:30
HHI aiming KRW1trn goal in naval contract [Shipbuilding]
Hyundai Heavy Industries (HHI) set a goal to earn KRW1trn of yearly revenue by 2022 in special purpose vessel division, which operates naval contracts. Kim Sang-hoon, head of HHI’s special purpose vessel business, recently presented ‘Visio...
2018-10-30 08:37:14
Uljanik may net cruise ship amid turmoil? [Shipbuilding]
Uljanik, being caught in a perfect storm of a liquidity crisis, employee strikes, and cancellations by clients, has heard hopeful news of new cruise orders. Foreign media and the industry said that Scenic Cruises of Australia has an intention ...
2018-10-30 08:36:45
CSBC provides foundations to Orsted [Offshore]
Danish renewable developer Orsted signed a foundation provision deal with CSBC. The company recently announced that it signed the deal to provide Foundation pin-piles for Greater Changhua offshore wind farm located in Changhua, Taiwan with CSB...
2018-10-30 08:33:09
IMO rejects EBP for now [Shipping]
The Korean Register of Shipping (KR) said that EBP (Experience Building Phase) proposed by some member states including Greece and the US had been rejected for now at MEPC 73. IMO has been planning to enforce its new sulfur code from January 1...
2018-10-30 08:32:46
Wartsila's upturn in new orders backed by IMO rules [Equipment]
Wartsila of Finland has recently announced that the company won new orders worth EUR 4.433bn (around $5.05bn) from January to September of 2018, up by 7% against EUR 4.13bn seen during the same period a year ago. For the first nine months of t...
2018-10-30 08:32:20
Sembcorp turns to red despite rising sales [Offshore]
Sembcorp Marine of Singapore has recently announced that its profitability significantly weakened while revenue rising for the third quarter of 2018. Its Q3 revenue recorded 60% y-o-y growth at SGD 1.1672bn (about USD $843.4), while net loss wide...
2018-10-30 08:31:54
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