Korean yards account 28% of 1Q NB orders [Shipbuilding]
Chinese shipyards ranked No.1 position in 1Q global new order intakes with 2.58m cgt (106 units) awarded, which accounts for 45% of the entire contracting of 5.73m cgt (196 units). Korean shipbuilders came in second place with 1.62m cgt (35 units...
2019-04-10 08:20:00
"NB boom expected based on environmental regulation" [Shipbuilding]
An industry expert expect that there will be a new order boom soon against a backdrop of strengthening global maritime regulations. Finn Engelsen Jr, Managing Director at Grieg Shipbrokers Group said through an interview with TradeWinds, "We a...
2019-04-10 08:19:36
DSME acquisition faces consolidated opposition [General]
Multiple labor organizations, unions, and political parties united to raise opposition against the acquisition of Daewoo Shipbuilding & Marine Engineering (DSME) by Hyundai Heavy Industries (HHI). On April 8, the Federation of Korean Trade...
2019-04-09 16:42:55
PFLNG2 to start in Q1 2019 [Offshore]
Petronas’ second FLNG PFLNG Dua would be deployed in Q1 2020. Sources quoted Wan Zulkiflee, CEO of Petronas, revealing that in LNG2019 conference at Shanghai, China. Last year, the industry heard that PFLNG Dua would start work around Jul...
2019-04-09 15:38:22
VEB.RF loading massive injection in Zvezda [Finance]
Russia’s state-run development bank VEB.RF is poised to grant massive financing to the country’s Far East yard, Zvezda Shipbuilding Complex (SSC Zvezda). TradeWinds and other industry sources quoted VEB.RF Deputy Chairman Nikolai Tsekhomsk...
2019-04-09 15:11:38
KR holds cybersecurity seminar at Sea Asia [General]
The Korean Register of Shipping (KR) is holding a seminar at Sea Asia 2019 in Singapore (April 9-11) on cybersecurity. The seminar takes place at the exhibition’s KR booth during April 9-10, examining main issues of cybersecurity in the mari...
2019-04-09 14:42:27
CMHI awarded 1+3 FPSO hulls [Offshore]
China Merchants Heavy Industry (CMHI), an affiliate of China Merchants Group (CMG), has officially won 1+3 'Fast4Ward' FPSO hulls from the world's largest FPSO provider SBM Offshore. With the latest order, CMHI under China Merchants Industry H...
2019-04-09 14:36:23
KOMEA&KOTRA event coincides with Sea Asia 2019 [Equipment]
The Korea Marine Equipment Association (KOMEA) and the Korea Trade-Investment Promotion Agency (KOTRA) jointly hold “Korea Marine Day 2019” event at Marina Bay Sands, Singapore, on April 10, coinciding with Sea Asia 2019 exhibition. The Ma...
2019-04-09 14:13:47
Scorpio in S&LB deal for two BCs [Shipping]
Scorpio Bulkers Inc. (NYSE:SALT) (“Scorpio Bulkers,” or the “Company”) announced that it has agreed to sell and leaseback two Ultramax vessels (SBI Libra and SBI Virgo) to an unaffiliated third party.  Upon completion, which is estim...
2019-04-09 11:16:35
DNV GL in 3D-printing JIP in Singapore [General]
DNV GL has been appointed as the lead researcher of the first phase of a new Singapore-based program to study the feasibility of additive manufacturing (AM), or 3D printing, in the maritime industry. In a Joint Industry Program (JIP) initiated by...
2019-04-09 11:15:03
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[Interview: Danfoss Group] "NB market to be recovered"