Skangas provides LNG to Gothia Tanker Alliance [Shipping]
Skangas entered into an agreement with parts of the Gothia Tanker Alliance to supply liquefied natural gas (LNG) as fuel. The new agreement comprises current as well as new vessels with LNG propulsion soon to come. The main Swedish shipping co...
2018-11-01 08:26:31
CSICL saw revenues and profits jump by Q3 [Shipbuilding]
China Shipbuilding Industry Co Ltd (CSICL), the Shanghai-listed company of China Shipbuilding Industry Corp, saw net profit jump by 28% during the first nine months of 2018. The state-owned shipbuilding company's net profit totalled CNY 1.42bn...
2018-11-01 08:25:46
GTT revenues rise with orderbook edging up as well [Equipment]
GTT has achieved a 7.1% year-on-year rise in its revenues totalling €184 million for the first 9 months of 2018. Revenues from newbuilds totalled €173m while services' sales reached €11m. GTT’s orderbook, which contained 89 units at...
2018-11-01 08:25:20
Kleven to build advanced expedition cruise [Shipbuilding]
A Norwegian cruise operator Hurtigruten recently signed MOU with a compatriot yard Kleven Verft for a hybrid expedition cruise. Foreign media reported that Kleven Verft has been building two hybrid cruises for Hurtigruten (MS Roald Amundsen an...
2018-11-01 08:24:54
CSL building new dry dock [Shipbuilding]
Cochin Shipyard Ltd (CSL), the largest private yard in India is building a new dry dock to increase its capacity for high spec vessels. The dock, which will be the third dry dock of CSL, will feature a 600t gantry crane and two 75t LLTT cranes...
2018-11-01 08:24:33
AVIC won two TKs [Shipbuilding]
AVIC Dingheng Shipbuilding of China recently won two new tankers from GEFO shipping-group of Germany. According to foreign media and the industry, the two 7,500-dwt will be delivered respectively in October and December 2020. The industry h...
2018-11-01 08:24:08
HHI HiBallast acquired USCG TA [Equipment]
Hyundai Heavy Industries (HHI) HiBallast acquired type approval from USCG. USCG confirmed on October 26 that HHI’s BWMS solution HiBallast acquired its type approval through Marine Safety Center. It is 11th USCG type approval in the world, a...
2018-11-01 08:23:38
"Scrubber may not be the solution" [Equipment]
Voices are rising against the scrubber, which has been one of the prominent solutions for IMO’s 2020 sulfur cap. Park Moo-Hyun, a researcher at Korea's Hana Financial Investment, said that “(a researcher) need to check out the actual insta...
2018-11-01 08:23:14
HHI Q3 results boosted by C/O from offshore plant [Shipbuilding]
Hyundai Heavy Industries announced an improved business performance in the third quarter of this year. The world's largest shipbuilding company revealed on Wednesday that it posted revenues of KRW 3.24trn (USD 2.74bn) and operating profit of K...
2018-11-01 08:22:47
SHI incurred KRW127.3bn loss in Q3 [Shipbuilding]
Samsung Heavy Industries (SHI) announced its Q3 result on October 31 through a regulatory filing, stating KRW1.3138trn of revenue and KRW127.3bn of operating loss. Its Q3 revenue experienced 2.4% (KRW32.8bn) of decrease compared to Q2 due to f...
2018-11-01 08:21:58
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