Wärtsilä ship design chosen for fishing vessel [Shipbuilding]
The technology group Wärtsilä will provide the ship design, as well as the main engine and other propulsion equipment, for a new state-of-the-art fishing vessel. The ship will be built at the Balenciaga shipyard in Spain for Castlehill, the Fra...
2019-01-23 08:28:32
Jajangmyeon served in Hyundai community service [General]
Hyundai Heavy Industries (HHI), Hanmaum Food, and Ulsan Dong District Social Welfare Center signed an agreement for ‘Hanmaum Jajangmyeon Day’ on January 21 to share the free meal of Jajangmyeon with the local community. According to the ag...
2019-01-23 08:27:57
Largest crude carrier owner identified [Shipping]
The owner of the largest crude carrier fleet of the world is identified: John Angelicoussis of Greece. Banchero Costa reported that Angelicoussis has 86 large crude carriers including VLCC, Suezmax, and Aframax ships. Sovcomflot is ranked i...
2019-01-23 08:27:10
First Korean SOFC Symposium met experts [General]
Korea held “2019 1st Korean SOFC Symposium” during January 18-19 at BEXCO, Busan, inviting around 165 experts of the solid oxide fuel cell industry and the academy. The event was arranged by The Korean Ceramic Society with support from the...
2019-01-23 08:26:46
LNGC/TK showing uptrend momentum [Shipbuilding]
The newbuilding prices of tanker and LNG carrier segment are showing an uptrend early this year. Choi Kwang-Sik, a researcher at Hi Investment & Securities, commented on January 21 that LNGC newbuilding price has climbed from $182m to $184...
2019-01-23 08:20:50
Japanese ship export drew a heavy-tail graph in 2018 [Shipbuilding]
It turned out that Japanese yards’ orderbook had shrunk in 2018 compared to 2017. They took new export orders for 20 ships of 1.3m gt, 470,000-cgt in December 2018, which is yoy 154% increase in terms of gt. The Japan Ship Exporters' Associa...
2019-01-23 08:20:21
OZ's composite lashing bar wins T.A. from ABS [Equipment]
After developing composite (fiber reinforced material) lashing bar for the first time in the world with its in-house filament winding technology, and attaining approval in principle (AIP) from the Korean Register of Shipping (KR) last August for ...
2019-01-23 08:19:47
Werften takes over Neptun Ship Design [Shipbuilding]
German shipbuilder MV Werften has acquired the largest ship design company in its country Neptun Ship Design. Peter Fetten, Managing Director at MV Werften, said, "We welcome the acquisition and the new, experienced colleagues in our team." St...
2019-01-22 17:03:18
Reshuffle expected in China's state businesses [Finance]
The Chinese government is to carry out a large-scale reshuffle program including merger, strategic alliance and spin-off towards its compatriot state-owned companies. The State-owned Assets Supervision and Administration Commission of the Stat...
2019-01-22 15:56:24
Lamprell sees $71m loss last year [Finance]
Before releasing its 2018 business results on March 21, Lamprell, a manufacturer of onshore and offshore drilling production facilities, has recently announced that the company of the United Arab Emirates (UAE) is expected to post about $235m of ...
2019-01-22 15:26:36
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