DSME appeals against sanctions by KFTC [General]
Daewoo Shipbuilding & Marine Engineering (DSME) turns out to have filed an administrative litigation against sanctions imposed by the Korea Fair Trade Commission (KFTC) on suspicion of violating subcontracting act. The KFTC fined KRW 10.8b...
2019-04-09 08:30:43
PaxOcean finishes 1st scrubber retrofit project [Equipment]
PaxOcean of Singapore is said to have completed its first scrubber retrofit project.  According to foreign press and industrial source, 83,500 dwt bulker 'Ikan Bawal (built in 2012)', which is currently hired by Pacific Carriers on a bare...
2019-04-09 08:30:14
Wisdom Marine raises funds [Shipbuilding]
Wisdom Marine has recently announced that the Taiwanese operator raises about $71m from the sale of bonds and new shares for newbuilding and retrofit projects.  According to foreign press and industrial source, the company is said to rais...
2019-04-09 08:29:48
LGM targets CHN&JPN electric engine markets [Equipment]
LGM, the only provider of electric system for ship in Korea, has recently announced that Ichiro Morino (President of SAKAGAWA Electric) represented Tokushima in the Waterfront Development Association of the Japanese Ministry of Land, Infrastructu...
2019-04-09 08:28:54
Ship exports see uptrend in Mar [Shipbuilding]
The Korean whole industry exported $47.11bn (down by 8.2% year-on-year) and imported KRW 41.89bn (down by 6.7% y-o-y) last March, achieving the 86th consecutive profitable month with a trade balance of $5.22bn.   According to the Min...
2019-04-09 08:28:16
"Up to 80 LNGs needed in China" [Shipbuilding]
It is forecasted that demands for 60-80 additional LNG carriers will be created in China which is one of the largest LNG import countries.  Shu Binglin, General Manager at China LNG Shipping (International) Co (CLSICO), attended the 'LNG2...
2019-04-09 08:27:41
China bags DF cement carriers [Shipbuilding]
Baltrader Capital of Germany has ordered two cement carriers at a Chinese yard, it is said. TradeWinds and other sources reported that Fujian Southeast Shipbuilding is to build the two ships for delivery from end-2020. The ships would be op...
2019-04-08 16:27:46
HSD Engine nets deal from DSME [Equipment]
HSD Engine announced through a regulatory filing on April 5 that the company and Daewoo Shipbuilding & Marine Engineering (DSME) have signed a provisional deal for marine engines. The value of the contract is KRW29.5bn, which accounts for ...
2019-04-08 15:50:51
Equinor expressed interest in Ulsan offshore wind [Offshore]
Equinor of Norway is expressing active interest in the proposed Ulsan floating wind farm project. Ulsan Metropolitan City announced that delegates from Equinor visited the city hall on April 3 to arrange preparations for an MOU, which would of...
2019-04-08 15:47:00
Big 3 expecting positive 1Q results [Shipbuilding]
Korean financial intelligence FnGuide estimated Hyundai Heavy Industry (HHI)’s Q1 operating profit to be KRW8.2bn. HHI logged KRW28.9bn of operating profit in Q3, 2018 thanks to changing orders in the offshore segment, however, Q4 recorded KRW2...
2019-04-08 15:40:12
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