Washington State Ferries releases acquisition plan [Shipbuilding]
More than half of Washington State Ferries’ 23-vessel fleet is scheduled to be retired by 2040. The ferry system needs 16 new vessels in the next 20 years, including 13 ferries to replace vessels due for retirement and three additional vessels ...
2019-01-07 08:28:18
Navigare made debut move with SHI LNGC [Shipbuilding]
It turns out that a Danish investor Navigare Capital Partners has ordered one LNG carrier at Samsung Heavy Industries (SHI) last December. The company’s Managing Partner Henrik Ramskov revealed in a recent interview with TradeWinds that the ...
2019-01-07 08:27:02
Naviga8 denies orders at a Chinese yard [Shipbuilding]
Navig8 Group of the UK denied market speculations saying it has ordered tankers at New Times Shipbuilding of China. Some sources have told that the Group has recently ordered four 50,000-dwt PCs at the yard to bring up the total MR tanker tall...
2019-01-07 08:26:38
Fewer bulkers & more tankers retired in 2018 [Shipbuilding]
Statistics found that 2018 saw a low dismantling activity in the dry bulk segment due to recovering bulker market. TradeWinds cited Ed McIlvaney’s data saying around 546 units of dry cargo or miscellaneous ships were sent to breaking beaches...
2019-01-07 08:26:13
CMG integrating yard assets [Shipbuilding]
China Merchants Group (CMG) is said to have integrated Jinling Shipyard and Jiangdong Shipyard into its China Merchants Heavy Industry (CMHI) after acquiring them. According to foreign media and industry, the former owner of the yards, Sinotra...
2019-01-07 08:25:47
[2019 New Year's Address] KOMERI President Kong [General]
The Korea Marine Equipment Research Institute (KOMERI) president Kong Gil-Young emphasized the ‘mutual growth’ in his new year speech. “The offshore industry is still sunk in the long recession, and the shipping industry is facing anothe...
2019-01-07 08:25:26
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