Green ship gets evern greener [Equipment]
Energy Observer, the first hydrogen-powered vessel aiming to achieve energy self-sufficiency, with zero greenhouse gas and fine particle emissions, has been equipped with Oceanwings® wingsails. This hybrid propulsion system consisting of a compo...
2018-12-17 08:41:23
MOL interested in LNGC at DSME [Shipbuilding]
Japanese operator Mitsui O.S.K. Lines (MOL) is poised to make a newbuilding order on the back of a fresh LNG charter deal (5-7 years). According to TradeWinds and industry sources, MOL will soon sign a long-term charter deal for an LNG carrier...
2018-12-17 08:36:15
MHI commissioned to build VLGC duo [Shipbuilding]
Mitsubishi Heavy Industries (MHI) has won two additional 83,000 cbm very large gas carriers (VLGCs) from JX Ocean, the affiliate of Japanese energy company JXTG Group.  According to TradeWinds and industrial source, the two newbuilds whic...
2018-12-17 08:35:51
Navantia investing in the yard improvement plan [Shipbuilding]
Spanish state-run shipyard Navantia is planning to invest EUR95m (around $103.6m) a year to upgrade its yard facilities from 2019 to 2022. Industry sources told that most of the investment would go to digital transformation of the production p...
2018-12-17 08:35:26
Indian operator to retrofit the fleet [Shipping]
Great Eastern Shipping (GE Shipping), a Shipping company of India is planning to invest up to $50m to retrofit its fleet for the next four years. The company CFO and Executive Director Shivakumar commented in an interview that it is spending a...
2018-12-17 08:34:56
DSME about to win Indonesian subs [Shipbuilding]
While Moon administration is strengthening reciprocal ties with ASEAN countries, the industry is expecting a $1bn submarine deal to be materialized soon. The submarine export contract, which includes three 1,400t units, is worth around KRW1.2t...
2018-12-17 08:34:29
"Korea to support over 60 NBs in 2019" [Shipping]
Minister of Oceans and Fisheries Kim Young-choon has recently noted that the number of new ships the Korean government will order in 2019 will reach a 60 level, up against this year.  During a press conference held on December 13, he comm...
2018-12-17 08:34:07
Korea helps car and shipbuilding sectors [Finance]
The Korea Credit Guarantee Fund (KODIT), Korea Technology Finance Corporation (Kibo) and Shinhan Bank have joined hands in order to help their compatriot automobile and shipbuilding equipment providers. The three parties has announced that the...
2018-12-17 08:33:42
Can 2018 NB orderbook see y-o-y growth? [Shipbuilding]
International newbuilding orderbook recorded 203.5m dwt (78.9m cgt, 3,098 units) at the end of November this year, representing a slight downturn against a year ago. Of the current orderbook, 53% in dwt terms is scheduled to be delivered in 2019....
2018-12-17 08:33:17
"Need to take note of Capesize, LNGC and MR1" [Shipbuilding]
VesselsValue has recently announced its analysis on the demand and supply of three ship types which are worth paying attention to next year.  The analysts of VesselsValue, a shipping vessel database service, pointed Capesize bulker, large...
2018-12-17 08:29:02
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