Avenir LNG piled LNGC capital [Shipping]
Reference is made to the stock exchange release on 1 October 2018 where Stolt-Nielsen Limited, Golar LNG Limited and Höegh LNG Holdings Limited (collectively the ‘Sponsors’) announced a combined investment commitment of USD 182 million in Av...
2018-11-16 08:43:16
BIMCO adopts 2020 bunker clauses [Shipping]
BIMCO has developed two 2020 bunker clauses that deal with general compliance and the transitional period for an early December release. The Global Marine Fuel Sulphur Clause for Time Charter Parties was approved by the Documentary Committee a...
2018-11-16 08:42:09
Changhong to build six feeders [Shipbuilding]
A Singapore feeder operator X-Press Feeders has ordered six 2,700-teu feeder containerships at Zhoushan Changhong International Shipyard. It is the first order by X-Press Feeders since 2012, and the ships will be classified by DNV GL. Each uni...
2018-11-16 08:41:24
Mystic Invest ordered two polar cruises [Shipbuilding]
Mystic Cruises under a Portuguese investment outfit Mystic Invest has ordered two polar expedition cruise vessels at a compatriot yard WestSea shipyard. According to World Maritime News and sources, the two ships will cost around EUR118m, feat...
2018-11-16 08:41:02
Korea promotes for future talents [Shipbuilding]
The Sector Human Development Council (SHRDC) of the Korea Offshore & Shipbuilding Association (KOSHIPA) has started industry promotion activities with the goal of attracting future talent. Targeting students in elementary, middle, and high...
2018-11-16 08:40:39
"HFO may cause serious problems" [Shipbuilding]
An analyst argued that HFO usage with scrubber might cause serious corrosion problems, leaving LNG as the best option for marine fuel. Park Moo-Hyun, a researcher at Korea's Hana Financial Investment, commented in November 14 report that “re...
2018-11-16 08:40:14
Korea feels warm breeze from Greece [Shipbuilding]
It turned out through statistics that Korean shipbuilding industry has benefitted from an LNG carrier order boom in Greece.   Clarkson Research recently released a report and noted that LNG carrier contracting has been firm in 2018 s...
2018-11-16 08:39:50
DSME revising restructuring plan? [Shipbuilding]
It seems Daewoo Shipbuilding & Marine Engineering (DSME) is reviewing its restructuring plan. DSME CEO Jung Sung-Lip commented in a press conference on November 15 that “while it is true that we had planned to reduce the workforce to 9,0...
2018-11-16 08:39:14
The base effect may make a dent in 2018 [Shipbuilding]
While the Korean shipbuilding is expected to enjoy replacement demands from increasing scrapping activity, the base effect may drag its order intake by 2% at $21.4bn, according to a recent report. During the 2020-2022 period, the industry is expe...
2018-11-16 08:38:49
GTT won HHI tank design [Equipment]
GTT has received a order notification from the Korean shipyard Hyundai Heavy Industries (HHI), concerning the tank design of a new 174,000 m3 LNGC, on behalf of Greek ship-owner Thenamaris. GTT will realise the design of the tanks of the vesse...
2018-11-15 08:41:43
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