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GTT to design Hudong-Zhonghua's boxship fuel tank
[Equipment]
GTT has received an order notification from Chinese shipyard Hudong-Zhonghua Shipbuilding, for the design of the LNG Fuel tank as part of the full retrofit of MV SAJIR, an Ultra Large Container Vessel with a capacity of 15,000 TEU[1], on behalf o...
2019-04-18 08:34:59
North Korea sets up shipbuilding ministry
[Shipbuilding]
North Korea turns out to have recently had the 14th Supreme People's Assembly and set up a new ministry that is in charge of shipbuilding. The reason why it is established, as well as details of the ministry, is unknown. It is estimated that, ...
2019-04-18 08:27:12
KT SAT-POS SM join hands for ICT technology
[Shipbuilding]
KT SAT announced on April 16 that the Korean satellite service provider signed a business agreement with its compatriot ship management company POS SM for cooperation in ship ICT project and technology. On the day, the two Korean companies agr...
2019-04-18 08:26:41
Sanko resumes newbuilding move in seven years
[Shipbuilding]
Sanko Line of Japan announced that it had ordered a Kamsarmax bulker at a compatriot yard on April 5. The ship, which would be delivered in Q4 2020, would be a size of 82,000-dwt, featuring a scrubber system. TradeWinds reported that Tsuneishi...
2019-04-18 08:26:00
KR puts spur to hydrogen ship technology
[Equipment]
In line with the road map for ramping up the hydrogen economy released last January by the Korean government, the Korean Register of Shipping (KR) is to accelerate the development of hydrogen ship technology with the goal of achieving sustainable...
2019-04-18 08:25:36
HMD bags 25K PC sextet
[Shipbuilding]
Tristar Group announced on April 16 that the Dubai-based energy shipping company ordered six 25,000 dwt oil and chemical tankers from Hyundai Mipo Dockyard (HMD). The IMO Type 2 newbuilds are slated for delivery from May 2020 until...
2019-04-18 08:24:54
MOF ready to grant pro-environment aids
[Finance]
The Ministry of Oceans and Fisheries (MOF) of Korea announced that the ministry selected the beneficiaries of its ‘2019 environmental marine equipment aid program.’ According to the statement, 16 shipping companies’ 113 ships and 12 s...
2019-04-17 15:55:07
Ideas gathered for economical LNG retrofit
[Equipment]
Nanyang Technological University (NTU) of Singapore, DNV GL, and Shell have jointly held a contest for more economical LNG retrofit for ships, to select winners recently. The contest named as ‘Low-Cost LNG Retrofit (LCLR) Challenge’ was jo...
2019-04-17 14:33:21
Spring has come to MR tanker segment
[Shipbuilding]
MR tanker market is gradually improving ahead of 2020 sulfur cap. Choi Kwang-Sik, a researcher at Hi Investment & Securities, reported that a gradual increase in demand and a moderate tonnage growth have supported the market prospect for M...
2019-04-17 14:08:39
Scorpio Bulkers announces more S&LB deal
[Finance]
Scorpio Bulkers Inc. (NYSE:SALT) (“Scorpio Bulkers,” or the “Company”) announced today that the Company has agreed to sell and leaseback six Ultramax vessels (SBI Antares, SBI Bravo, SBI Hydra, SBI Leo, SBI Lyra and SBI Maia) to AVIC Inte...
2019-04-17 11:05:54
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