Ship export increased in November [Market Information]
The Korean industry exported $51.92bn (yoy 4.5% increase), imported $46.78bn (11.4% increase), earning $5.14bn, recording 82nd consecutive profitable month in November. The Ministry of Trade, Industry and Energy (MOTIE) explained that last Nov...
2018-12-07 16:43:43
GTT won SHI tank design deal [Equipment]
GTT has received an order from the Korean shipyard Samsung Heavy Industries (SHI) for the tank design of a new 174,000 m3 LNG carrier (LNGC), on behalf of the Greek ship-owner Minerva. The tanks of this unit, used for the LNG transportation, w...
2018-12-07 08:48:17
INPEX-ADNOC sign MOU on LNG bunkering [Shipping]
INPEX CORPORATION (INPEX) announced that it has signed a Memorandum of Understanding (MOU) with ADNOC Logistics & Services on LNG bunkering partnership in United Arab Emirates. Under the MOU, INPEX and ADNOC L&S, a wholly-owned subsidiary...
2018-12-07 08:47:44
MAN Cryo developed hydrogen fuel system [Equipment]
MAN Cryo, the wholly owned subsidiary of MAN Energy Solutions, has – in close cooperation with Fjord1 and Multi Maritime in Norway – developed a marine fuel-gas system for liquefied hydrogen. Multi Maritime’s hydrogen vessel design for F...
2018-12-07 08:47:05
Maersk sets net zero co2 emission target by 2050 [Shipping]
Aimed at accelerating the transition to carbon neutral shipping, Maersk announces today its goal to reach carbon neutrality by 2050. To achieve this goal, carbon neutral vessels must be commercially viable by 2030, and an acceleration in new inno...
2018-12-07 08:46:25
EGCSA released critical statement against MPA [Equipment]
A scrubber association EGCSA released a critical statement on MPA’s recent decision to ban open-loop scrubbers on December 4. Following is the full text of the statement: The IMO legislated to introduce a 0.5 % sulphur cap for all shipping v...
2018-12-07 08:46:07
HHLA-Hyperloop establish joint venture [General]
Transporting containers at high speed through a tube to and from the Port of Hamburg – that is the joint vision of Hamburger Hafen und Logistik AG (HHLA) and the US-based research and development company Hyperloop Transportation Technologies (H...
2018-12-07 08:42:39
Samskip readies for Brexit [Shipping]
Two years of pre-Brexit investment in North Sea container shipping services is proving decisive in winning shippers away from cross-Channel ferry routes at a critical time for UK-EU relations, according to leading multimodal operator Samskip. ...
2018-12-07 08:42:10
ClassNK opens new survey office in Italy [General]
Leading classification society ClassNK has opened a new exclusive survey office in Reggio Calabria, Italy with operations beginning 5 December 2018.   Reggio Calabria, located in Southwest Italy, faces the Strait of Messina which crosses t...
2018-12-07 08:41:26
DSME labor union goes on general strike [General]
The Daewoo Shipbuilding & Marine Engineering (DSME) branch of the Korean Metal Workers' Union (KMWU) announced that its entire member workers went on eight-hour strike. The DSME labor union elected a new head last month and resumed wage and c...
2018-12-07 08:40:23
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