Krk LNG terminal got FID [Offshore]
In accordance with planned deadlines for the construction of the floating LNG terminal on the Island of Krk, a final investment decision was adopted on 31st January 2019. The final investment decision on the construction of the floating LNG te...
2019-02-18 08:32:37
Sungdong's $1.24bn overdue bond written off [Shipbuilding]
It turned out that the overdue bonds of Korean corporations decreased sharply last December including those of Sungdong Shipbuilding & Marine Engineering, KRW 1.4trn (about $1.24bn), which was written off.   Korean companies saw ...
2019-02-18 08:25:51
HHI union calls for vote on strike & tentative agreement [Shipbuilding]
The Hyundai Heavy Industries (HHI) branch of the Korean Metal Workers' Union (KMWU) announced on February 14 that it will hold votes through a general meeting scheduled on February 20 on both the strike and wage and collective negotiation. &...
2019-02-18 08:25:32
SBM likely to place more speculative FSPO order [Offshore]
SBM Offshore, the world's largest FPSO provider, is expected to place an additional order for the hull of 'Fast4Ward' FPSO.  According to a foreign media outlet, SBM Offshore already booked a total of two FPSO hulls at Shanghai Waigaoqiao...
2019-02-18 08:25:08
"HHI-DSME merger would bring the LNGC price up" [Shipbuilding]
A major market player predicted that the acquisition of Daewoo Shipbuilding & Marine Engineering by Hyundai Heavy Industries (HHI) would bring up the LNG carrier newbuilding price further. GasLog CEO Paul Wogan recently commented that "Hav...
2019-02-18 08:24:39
Korea ranked No.2 in NB orders [Market Information]
While the growth of new order intakes in global shipbuilding industry slows down in January 2019, prices of vessels in which Korean shipyards have strength (including LNG carrier) continuingly rise.   According to Clarkson Research, ...
2019-02-15 16:58:05
CSL-Hartmann order more BC from China [Shipbuilding]
A 50:50 joint venture (JV), which was established by Canadian dry bulk shipping company CSL Group and Hartmann-led HJH Shipmanagement, seems to have exercised an option to construct a bulker at China.  After ordering 1+1 40,000 dwt bulker...
2019-02-15 16:47:10
Philippines expressed intention to buy HHIC-Phil [General]
The Philippine Government has officially expressed its intention to buy HHIC-Phil, Hanjin Heavy Industries and Construction’s shipyard in Subic. The authority is planning to acquire the yard for its Navy’s sake, it is understood. For start...
2019-02-15 16:46:07
ZPMC forms a new subsidiary in Fuzhou [General]
Shanghai Zhenhua Heavy Industries (ZPMC) is establishing a new subsidiary in Fuzhou, Fujian province, China. The new company, to be called ‘Zhenhua Heavy Industries Fuzhou Construction,’ would contribute to ZPMC’s expansion into the ocea...
2019-02-15 15:57:51
Sinokor behind HMD’s sextet this time [Shipbuilding]
Sinokor Merchant Marine is pointed out as the orderer behind six MR PCs recently ordered at Hyundai Mipo Dockyard (HMD). TradeWinds and sources told that Sinokor is the orderer of 4+2 50,000-dwt PCs HMD had announced on January 28. The reports...
2019-02-15 14:53:56
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