DSME gives attention to security of LNGC technology [Shipbuilding]
Daewoo Shipbuilding & Marine Engineering (DSME) is said to have recently asked all parties involved in the construction of 15 Arc7 ice-breaking LNG carriers for the Yamal project not to disclose the relevant technology details.  Accor...
2019-05-10 08:45:39
Korea's Efloat achieves new development [Offshore]
Efloat has recently announced that the Korean engineering company has developed concrete pontoon-based floating solar power generation system for the first time in the world.  Efloat has carried out research & develop works for four y...
2019-05-10 08:45:01
Kim chosen as 'Engineer of the Korea Award' [General]
Kim Jong-joon, chief researcher at Hyundai Heavy Industries (HHI), has won the 'Engineer of the Korea Award' for his work in developing and commercializing automatic system for manufacturing the very large aluminium tank of cryogenic LNG carrier ...
2019-05-10 08:43:58
HHI labor union to call strike [General]
The labor union of Hyundai Heavy Industries (HHI) announced on May 8 that it will call a two-hour strike on May 16 against the management's decision on a physical division.  The union will also hold a rally to deal with the physical divis...
2019-05-10 08:43:07
"Korea has advantage amid recovery trend" [Shipbuilding]
While a recovery trend is seen in global shipbuilding industry with demands risen for natural gas, Korea is likely to be the most competitive in LNG carrier order sales market.   The POSCO Research Institute (POSRI) of Korea has rece...
2019-05-10 08:42:37
Ship value to gain momentum from the end of 2019 [Shipbuilding]
Intelligence provider for marine asset value, VesselsValue recently released its forecast for future vessel value change by 2022, in bulker, tanker, containership, and gas carrier segments. Overall, the agency predicted that the value would hit b...
2019-05-10 08:41:46
Chinese yards join hands for small bulker newbuildings [Shipbuilding]
Jiangsu Dajin Heavy Industry, a subsidiary of Shanghai Bestway Marine, is cooperating with Yangzijiang Shipbuilding (Holdings) Group (YZJ) for the construction of two 8,000-dwt bulkers it won from Aston, Russia’s largest foodstuff trader. So...
2019-05-09 15:21:38
New Times scoring winning streak [Shipbuilding]
New Times Shipbuilding of China is recording a streak of newbuilding contracts since the beginning of the year. Italian ship broker Banchero Costa reported that H-Line Shipping has ordered two 208,000-dwt Newcastlemax bulkers at the yard for d...
2019-05-09 15:06:28
Algoma exercised option at YZJ [Shipbuilding]
Canadian shipowner Algoma Central has announced that it exercised an option for an Equinox Class bulker at Yangzijiang Shipbuilding (Holdings) Group (YZJ). The Seawaymax newbuilding, with 226m of length and 24m of width, would be built with th...
2019-05-09 14:53:47
KOSEP to order first 90K LNG-powered ship [Shipbuilding]
Korea South-East Power (KOSEP) is poised to order Korea’s first 90,000-dwt LNG-powered coal carrier in a tender. Sources told that KOSEP would order the ship within May and HSHI, HMD, Daehan, STX are mentioned as possible contractors. The...
2019-05-09 14:22:49
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