Colombo focuses on high value-added vessel [Shipbuilding]
Onomichi Dockyard-affiliated Colombo Dockyard has recently revealed its vision for future shipyard operation. The Sri Lanka-based company has had a hard time over the past few years with cancelled orders for new ships and severe competition for n...
2019-03-18 08:25:10
HHI's DSME takeover needs approval from overseas [Shipbuilding]
As for Hyundai Heavy Industries (HHI) Group's takeover of Daewoo Shipbuilding & Marine Engineering (DSME), it is understood that the biggest obstacle is attaining approvals from Korea's rival shipbuilding nations.   The Nihon Kei...
2019-03-18 08:22:29
FPSO market volume stands at $30bn [Offshore]
MarketStudyReport, a global market research institute, has recently released a report called 'FPSO Market 2019 – 2025', forecsting that the volume of new FPSO order sales market will surpass a $30bn level in 2025.  According to the repo...
2019-03-18 08:22:07
PANASIA added a large scrubber deal from MSC [Equipment]
PANASIA recently signed a $100m scrubber retrofit deal for 20 vessels with MSC, whose another 40 ships were booked for similar retrofits back in September 2018. The contracts now cover a total of 60 ships at around $300m. It is said that PANAS...
2019-03-18 08:21:36
Heads at CSSC-CSIC gather together [Shipbuilding]
The merger of China State Shipbuilding Corporation (CSSC) and China Shipbuilding Industry Corporation (CSIC) seems to be picking up steam.  Heads of the two prominent shipbuilders in China met on March 14 at the headquarters of CSSC to di...
2019-03-18 08:21:08
Korea supports expanding employment [Shipbuilding]
The Ministry of Employment and Labor (MOEL) of Korea had this year's first employment policy consultation on March 14 and discussed plans to support shipbuilding regions which experience a labor shortage.  The Korean government plans to s...
2019-03-18 08:20:40
Korea dominated February amid market slowing down [Market Information]
The Korean shipbuilding industry dominated February’s shipbuilding order intake with 90% of market share, while the overall global ordering growth is slowing down. Clarksons Research reported that among 700,000-cgt (15 units) of newbuildings...
2019-03-15 15:15:37
Korean ship exports down in Jan-Feb [Market Information]
Korean ship exports reached KRW 2.011bn and KRW 1.317bn in January and February this year, respectively, down by 17.8% and 46.5% year-on-year.   According to the Ministry of Trade, Industry and Energy (MOTIE) of Korea, such a decline...
2019-03-15 15:15:16
Japanese shipbuilders to use more steel [Shipbuilding]
The Japan Shipbuilders' Association (SAJ) raised its estimation of steel consumption by its member shipbuilders during the 2019 fiscal year (by March 2020) by 3% at 3.18-mt. An official of the Association commented that if the member yards can...
2019-03-15 15:03:00
Saga to order more LNGCs for operations in China [Shipbuilding]
Saga LNG Shipping of Singapore named its 45,000-cbm LNG carrier, Saga Dawn, at China Merchants Heavy Industry (CMHI) Jiangsu shipyard. Saga Dawn is schduled to be delivered in April. It is the first ship with LNT Marine’s A-Box LNG containme...
2019-03-15 14:41:46
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