Wisdom welcoming Japanese bulker orders [Shipbuilding]
Wisdom Marine, a Taiwanese bulker operator, has ordered an additional kamsarmax bulker at Japan Marine United (JMU), it is said. According to foreign media and the industry, the Tier III 82,400-dwt newbuildings cost around $34m apiece, without...
2018-11-05 08:31:20
Hantong won 209K bulker series [Shipbuilding]
It is understood that Oldendorff Carriers of Germany has ordered a new newcastlemax series at Jiangsu Hantong Ship Heavy Industry (HT) of China. According to TradeWinds and industry sources, the contract was signed a few months ago for four 20...
2018-11-05 08:30:46
Evergreen choose Chinese yard for boxships [Shipbuilding]
Evergreen Marine Corp of Taiwan recently signed LOI with Chinese state-run Jiangnan Shipyard for construction of a series of feeders. According to TradeWinds and multiple sources, two parties are pursuing a $224m deal for 4+4 2,500-teu contain...
2018-11-05 08:30:18
JMU sees 82% up in operating profit [Shipbuilding]
Japan Marine United (JMU) has continued stable business results this year.  The Japanese shipbuilder has recently announced that it logged revenue of JPY 129.7bn (about $1.15bn), operating profit of JPY 10.2bn and net profit of JPY 6.2bn ...
2018-11-05 08:29:54
STX awarded LR AIP for LNG-fueled MR tanker [Shipbuilding]
On November 2nd, Korea's STX Offshore & Shipbuilding secured an Approval in Principle (AiP) for its LNG-fueled MR tanker design from Lloyd's Register (LR). LR has reviewed basic drawings of the 50,000-dwt LNG fueled MR tanker design from S...
2018-11-05 08:27:50
TMS books two more LNGCs [Shipbuilding]
TMS Cardiff Gas led by George Economou turns out to have ordered additional one LNG carrier from Samsung Heavy Industries (SHI) and Hyundai Samho Heavy Industries (HSHI), respectively.  The Greek company has booked two more 174,000 cbm ve...
2018-11-05 08:27:20
"Need to prepare for 2019 rebound" [Shipbuilding]
Recent research indicates output in Korean shipbuilding industry will hit a low in 2018, before rebounding from 2019.  BNK Financial Group-affiliated BNK Finance Research Institute has recently forecasted through a report called 'trends a...
2018-11-05 08:26:55
Korea likely to see 30% down in 2018 NB deliveries [Market Information]
It turned out that a total of global shipyard output from January to September 2018 stood at 980 vessels of a combined 64.3m dwt (23.7m cgt), representing 24% and 16% year-on-year downturn in dwt and cgt terms, respectively. In full year 2018, sh...
2018-11-02 16:16:58
Wärtsilä divests its pumps business [Equipment]
The technology group Wärtsilä has divested its pumps business to Solix Group, a Scandinavian investment company with offices in Copenhagen, Denmark and Malmö, Sweden. Wärtsilä Pumps has belonged to the Wärtsilä Marine Solutions organisatio...
2018-11-02 08:49:28
ABS awards AIP for MARIC DF newcastlemax [Shipbuilding]
ABS granted Approval in Principle (AIP) to the Marine Design & Research Institute of China (MARIC) for a novel Dual Fuel Design for a 210,000 DWT Bulk Carrier. MARIC, a subsidiary company of China State Shipbuilding Corporation group, is d...
2018-11-02 08:48:55
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