"Most LNGCs ordered speculatively" [Shipbuilding]
It has been suggested that more than half of new LNG carrier orders which have been placed this year are 'speculative' ones.   Awilco LNG, a Norwegian LNG carrier operator, has recently released a report, noting that 27 of 42 LNG car...
2018-11-26 08:38:54
"Korea's LNGC heyday expected to last long" [Shipbuilding]
While Korean shipbuilders are dominating global LNG carrier order sales market, it is expected that their iron grip on the market will be maintained for quite a long time.  Korean 'Big3' shipbuilders have won more than 50 orders placed fo...
2018-11-26 08:38:27
KOMEA networking conference resulted in success [Equipment]
With the goal of increasing exports and developing new markets for Korean shipbuilding and offshore equipment providers, the Korea Marine Equipment Association (KOMEA) had 'Conference for Global Network of Korea Marine & Offshore Equipment 20...
2018-11-26 08:37:56
World-Class Product certificate granted [General]
The Ministry of Trade, Industry and Energy (MOTIE) granted World-Class Product certificates on November 23 at Seoul. This year, 59 items from 81 companies were awarded the certificate, of which 34 items of 50 companies were classified as the ...
2018-11-26 08:37:27
HRD Councils collaborate for skill development [General]
Shipbuilding and Maritime Industry Human Resource Development Council and Jeonnam Human Resource Development Council have signed MOU for future collaborations. They explained that while the shipbuilding industry is steadily recovering and the ...
2018-11-26 08:36:54
"Korea to power up smaller yards" [Shipbuilding]
The Korean government’s recently revealed shipbuilding revitalization plan contains ambitious support package for smaller shipyards. The package includes ordering of 140 units of LNG-powered ships during the 2020-2025 period after a pilot pr...
2018-11-26 08:36:22
Korea leading the era of LNG-powered ships [Shipbuilding]
An analyst welcomed the Korean government’s decision to support the shipbuilding industry by ordering LNG-powered ships. Park Moo-Hyun, a researcher at Korea's Hana Financial Investment, commented on November 23 that “the initiative is com...
2018-11-26 08:35:34
Lim to take the consecutive term [General]
Lim Kitack is to serve another four-year presidential office at IMO with the Organization approved his second and the last term on November 22 at London. 40 members of the IMO board approved the reappointment unanimously, and it will be discus...
2018-11-26 08:34:57
Korea sees sharp upturn in NB orderbook [Market Information]
Global newbuilding orderbook recorded 201.2m dwt (77.8m cgt, 3,056 units) at the end of October this year, down by about 7% against a year ago in terms of dwt. Of the current orderbook, 10% in dwt terms is scheduled to be delivered for the rest o...
2018-11-23 16:45:45
Japan sees poor export orders in Oct also [Market Information]
It turned out that Japanese shipyards have seen a slump in their export activities last October also. According to the Japan Ship Exporters' Association (JSEA), their new export ship orders stand at 14 units of a combined 850,000 gt (380,000 cgt)...
2018-11-23 16:45:28
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