AVIC wins 2+2 Chem TKs from Germany [Shipbuilding]
AVIC Dingheng Shipbuilding turns out to have won up to four 7,000 dwt stainless steel chemical tankers from GEFO Gesellschaft für Oeltransporte MBH (GEFO), a German operator. According to foreign press and industrial source, the number of the...
2018-12-27 08:15:31
KFTC imposes a record-high fine on DSME [General]
Korea Fair Trade Commission (KFTC) announced on December 26 that the Commission fines KRW10.8bn and issues correction order on Daewoo Shipbuilding & Marine Engineering (DSME) for unfair subcontracting behavior. The Commission is also to repor...
2018-12-27 08:15:05
"DSME completes basic design of next-gen sub" [Shipbuilding]
The Defense Acquisition Program Administration (DAPA) of Korea announced on December 26 that the basic design of Jangbogo–III-class (Batch-Ⅱ) submarine. The vessel features the higher performance than the 'Dosan Ahn Chang-ho', the first un...
2018-12-27 08:14:35
"Russian shipbuilding expected to show upturn" [Shipbuilding]
Russian shipbuilding industry is expected to maintain its growth in 2019 with a help from government and economic recovery.   According to the Korea Trade-Investment Promotion Agency (KOTRA), Russian naval shipbuilding industry accou...
2018-12-27 08:14:08
"LNGC price on the rise" [Shipbuilding]
It seems Korean shipyards are experiencing the beginning of a full-fledged LNGC price markup. Park Moo-Hyun, a researcher at Korea's Hana Financial Investment, said in his December 26 report that “Samsung Heavy Industries (SHI) announced it ...
2018-12-27 08:13:20
DSME closes negotiation with Sonangol [Offshore]
Daewoo Shipbuilding & Marine Engineering (DSME) announced on December 26 through a regulatory filing that the company and Sonangol finally agreed on the delivery of two drillships. DSME had won the drillships from Sonangol back in 2013, wh...
2018-12-27 08:12:39
POSCO installs scrubber in BC [Equipment]
Korean steel giant POSCO started to install scrubber in bulker 'Pan Bona' on December 14 at a Chinese ship repairing yard. During 40 days the bulker is moored at the yard, scrubber installation, routine inspection and engine maintenance works are...
2018-12-27 08:12:11
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