"2019 will be the year of acceleration" [Shipping]
LNG fuel advocate group SEA/LNG announced 2019 outlook: Looking Back 2018 saw a sea-change in attitudes and actions towards Liquefied Natural Gas (LNG) as a marine fuel. By March, of the 94 cruise ships on the global order-book, 18 under ...
2019-01-21 08:31:23
ADNOC reduces fuel consumption by 23% [Shipping]
ADNOC Logistics & Services (ADNOC L&S), the marine and logistics subsidiary of the Abu Dhabi National Oil Company (ADNOC), announced that it has reduced fuel consumption and carbon emissions by 23% across a fleet of 27 vessels. The ‘...
2019-01-21 08:28:35
USC plans to set up ship propulsion system plant [Equipment]
United Shipbuilding Corporation (USC), the largest state-owned shipbuilding group in Russia, plans to set up a new ship propulsion system plant this year.  According to industrial source and foreign media outlet, USC wants to establish th...
2019-01-21 08:27:37
Sinokor behind DSME’s first prize [Shipbuilding]
It seems Sinokor Merchant Marine is behind the four VLCCs Daewoo Shipbuilding & Marine Engineering (DSME) has sold first in 2019. DSME has announced on January 14 that it won four VLCCs worth around $365m from an Oceanian owner. TradeWi...
2019-01-21 08:27:10
Norwegian operator to build hybrid BC [Shipbuilding]
A Norwegian shipping company Kare Misje & Co is trying to build hybrid bulker, it is said. Sources told that the company is in discussion with Norwegian, Chinese, and Dutch shipbuilders for 4,500-5,000 dwt dual fuel bulkers. It seems the o...
2019-01-21 08:26:45
Japan to power fishing ships with hydrogen [Shipbuilding]
Japan Fisheries Research and Education Agency (FRA) is planning to develop fishing boats powered by hydrogen fuel cells with Japanese carmaker, Toyota. Local media reported that FRA is to start the design of the ship in the fiscal year 2019 fo...
2019-01-21 08:26:21
Sembcorp won first FSRU conversion job [Offshore]
Sembcorp Marine of Singapore is about to commence its first FSRU conversion of an existing LNG carrier. The industry and foreign media reported that 127,000-cbm LNG carrier Dwiputra, which is built in 1994 and operated by MOL, was moved to Sem...
2019-01-21 08:25:56
Nomura: SHI would achieve 2019 target [Shipbuilding]
A global investment outfit predicted that Samsung Heavy Industries (SHI) would be able to achieve its 2019 order intake target, $7.8bn. Nomura Securities said that “SHI revealed its 2019 performance guidance on January 10 at KRW7.1trn of rev...
2019-01-21 08:24:39
"77m dwt ordered, 80m dwt delivered in 2018" [Market Information]
The global shipping market saw an overall recovery trend last 2018. Steve Gordon, Managing Director of Clarksons Research, noted through the '2018 Shipping Market Review' that there were improvements in most part of the market, saying, "ClarkSea ...
2019-01-18 16:24:02
DSIC wins 10 85K BCs [Shipbuilding]
It turned out that Chinese financial leasing company AVIC International Leasing has placed an order at its compatriot state-owned Dalian Shipbuilding Industry (DSIC) for 10 Post-panamax bulkers.  According to industrial source and forei...
2019-01-18 16:04:13
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