Iridium launches GMDSS services [Equipment]
Iridium Communications Inc. (NASDAQ: IRDM) announced the signing of their Public Services Agreement (PSA) with the International Mobile Satellite Organization (IMSO), which details the conditions for IMSO to act as regulator and maintain oversigh...
2019-04-19 08:29:04
ZIM joins TradeLens platform [Shipping]
ZIM Integrated Shipping Services announced that it has signed on as a member of TradeLens, a blockchain-enabled digital shipping solution jointly developed by A.P. Moller – Maersk (MAERSKb.CO) and IBM (NYSE: IBM). TradeLens uses blockchain t...
2019-04-19 08:27:45
China too wants some share of the LNG pie [Shipbuilding]
Shandong Marine Energy, a sister company of Shandong Shipping, is poised to enter the LNG business with the backing of Korean and Japanese companies. Sources told that Bao Jianying, Chairman of Shandong Marine Group, recently met Lee Seong-geu...
2019-04-19 08:27:02
ICBCFL orders 81K BC quartet [Shipbuilding]
ICBC Financial Leasing (ICBCFL), an affiliate of the Industrial and Commercial Bank of China (ICBC), seems to have ordered four Kamsarmax bulkers from its compatriot shipbuilder. According to broker industrial source and foreign press, ICBCFL ...
2019-04-19 08:26:18
KDB Chairman accused of malpractice [General]
With regard to the sale of Daewoo Shipbuilding & Marine Engineering (DSME), Lee Dong-Gul, Chairman of Korea Development Bank (KDB), has been sued for dereliction of duty. A task force for stopping the sale of DSME announced that it sued Le...
2019-04-19 08:18:20
Branding 'Korean e-navigation' goes on [Shipbuilding]
The Korean Register of Shipping (KR) pushes ahead with the 'Korean e-navigation' project from 2016 to 2020 with the budget of KRW 130.8bn (approximately $115m), with the goal of strengthening Korean marine traffic safety by introducing e-navigati...
2019-04-19 08:17:45
HHI Group trio's new orders tumbled by half [Shipbuilding]
The three shipbuilding affiliates of Hyundai Heavy Industries (HHI) Group saw a sharp year-on-year decrease in new orders they won in the first quarter.  From January to March this year, HHI was awarded new orders worth $666m, down by 33....
2019-04-19 08:17:11
Scrubbers score double in six months [Equipment]
The ships on water or on order with scrubbers have almost doubled to 3,229 units, DNV GL reported. Back in October, there were around 1,700 units of such ships. Data say that among 3,229 ships, 2,372 units were retrofitted, while 857 units are...
2019-04-18 15:58:22
Hyundai LNG Shipping orders VLGC at HHI [Shipbuilding]
Hyundai LNG Shipping Company (HLS, the Company), South Korean owner of 10 LNG Carriers, has placed an order at Hyundai Heavy Industry for the construction of 1+1 84,600cbm Very Large Gas Carrier(VLGC). The vessel will be delivered in 3Q 2020 f...
2019-04-18 15:18:45
L&T fully acquires a shipbuilding subsidiary [General]
Larsen & Toubro (L&T) of India has fully acquired the ownership of its shipbuilding subsidiary, L&T Shipbuilding Limited를. L&T announced on April 11 through a regulatory filing at NSE that the company acquired 3% shares in L&...
2019-04-18 14:37:57
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