Understanding of 'rogue waves' [General]
UK researchers made a significant breakthrough in the research of ‘rogue waves,’ enormous surface waves suddenly appearing, which are extremely dangerous for ships. Global Core Research Center for Ships and Offshore Plants (GCRC SOP) recen...
2019-03-19 08:29:29
Law reform called for LNG bunkering [Shipping]
Experts called for policy reformation to nurture LNG bunkering business in Korea. In ‘Policy Forum for Korean LNG Bunkering’ which was held at Seoul on March 14, an expert at the Korea Legislation Research Institute said that LNG bunkering...
2019-03-19 08:28:02
New VLCCs are carrying gasoil cargoes [Shipping]
A number of VLCCs recently completed construction at Asian yards are carrying petroleum products while their maiden voyage, it is reported. Reuters reported quoting market researcher Vortexa that the year 2019 is witnessing a recording level o...
2019-03-19 08:27:29
Dae Sun wins eco-friendly boxship duo [Shipbuilding]
Dae Sun Shipbuilding & Engineering announced on March 18 that the Korean shipbuilder has won two 1,000-teu containerships from its compatriot Namsung Shipping and Pan Continental Shipping by one unit each.  The newbuilds Dae Sun build...
2019-03-19 08:26:42
3rd try for Sungdong sale scheduled in April [Finance]
The deadline for submitting Sungdong Shipbuilding & Marine Engineering's rehabilitation plan has been extended again as the sale of the Korean debt-stricken shipbuilder is repeatedly delayed. The current process of stalking-horse bidding will...
2019-03-18 16:28:42
Capacity reduction leads to rising NB prices [Shipbuilding]
BRS has recently forecasted that newbuilding price will constantly increase over the forthcoming years against a backdrop of a short supply of shipbuilding facilities. Amid a restructuring process in shipbuilding industry, according to the Fre...
2019-03-18 15:58:38
MOTIE had talks with local equipment providers [Equipment]
The Ministry of Trade, Industry and Energy (MOTIE) had the discussion meeting of shipbuilding equipment industry in Busan Metropolitan City and South Gyeongsang Province on March 15 at the Gyeongsangnam-Do Provincial Government Building, Changwon...
2019-03-18 15:29:31
184% up in Japan's ship export deliveries [Shipbuilding]
Japanese shipbuilders have seen a 20% year-on-year decrease in their new orders for exports last February, with a total of 13 vessels (710,000 gt, 280,000 cgt) awarded.   Last month, according to the Japan Ship Exporters' Associati...
2019-03-18 14:39:09
Maersk secures financing for NB boxships [Finance]
Maersk Line turns out to have secured lease financing for the construction of a total of 13 feeder containerships.   According to industrial source and TradeWinds, the Danish international container shipping company raises money from...
2019-03-18 14:11:18
TEN secures charter for two LNGCs [Shipping]
TEN, Ltd (“TEN” or the “Company”) (NYSE:TNP) announced new charters for two LNG carriers, the Neo Energy and the Maria Energy to significant international energy concerns for an aggregate period of 36 months. The total gross revenues from...
2019-03-18 11:04:58
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