"Japan can take LNGC pie" [Shipbuilding]
Yasuhiko Kato, Chairman at the Japan Ship Exporters' Association (JSEA), noted that global 2020 sulfur cap and demands for LNG and LPG are new growth opportunities for his compatriot shipbuilding industry. In April this year, according to the ...
2019-06-24 08:12:49
Philippines still seeking owner of Subic yard [General]
When asked about updates on the progress of the takeover of Hanjin Heavy Industries and Construction's (HHIC's) overseas subsidiary HHIC-Phil (Subic Shipyard), recently, Delfin Lorenzana, the Secretary of National Defense of the Philippines, answ...
2019-06-24 08:12:12
"Sungdong can survive" [General]
A committee for protection of shipyard workers' rights to live in South Gyeongsang Province had a press conference on June 20 at the office building of the Gyeongnam Provincial Government, urging the Korean government and the province to come up ...
2019-06-24 08:11:30
Ulsan preps for new marine coop [Equipment]
Small and Medium Enterprises (SMEs) in the Ulsan area are looking to organize a new cooperative. Around 20 company representatives gathered on June 19 to establish set a founding commission to speak for marine and offshore industry players. Th...
2019-06-24 08:10:51
Korea cranked up ship export by 47% in May [Market Information]
May saw a decline in Korean export due to weak semiconductor sales. Korea Customs Service (KCS) said on June 17 that Korea exported $45.9bn in May, which is a yoy 9.5% decrease. Car (13.5%), ship ( 46.8%), and home appliance (24.0%) marked ...
2019-06-21 16:23:44
HMD is the fastest ship assembler in the world [Shipbuilding]
Hyundai Mipo Dockyard (HMD) set the world record for ship construction. Sources said that the yard is ready to deliver three 1,809-teu boxships to Korea Marine Transport (KMTC) in two weeks. The shipbuilder had already delivered three ships so...
2019-06-21 14:54:56
STX attracting Greek owners [Shipbuilding]
Golden Energy Management of Greek shipowner Victor Restis has signed LOI with STX Offshore & Shipbuilding (STX O&S) for up to four MR tanker newbuildings, sources said. TradeWinds reported that two parties are discussing 2+2 50,000-dwt...
2019-06-21 14:43:22
SHI nets partnership with Zvezda [Shipbuilding]
After a competition with compatriot yards, Samsung Heavy Industries (SHI) finally has scored the partnership with Zvezda Shipbuilding Complex (SSC Zvezda) of Russia for joint development of LNG carriers in Arctic area. TradeWinds reported that...
2019-06-21 14:13:46
Frontline buys resale ships [Shipping]
Frontline Ltd. (the “Company” or “Frontline”) (NYSE:FRO) is pleased to announce that it has acquired a scrubber-equipped VLCC resale under construction at Hyundai Samho Heavy Industries (“HSHI”) expected  to be delivered in May 2...
2019-06-21 10:22:06
KS Energy cancels rig order at ZPMC [Offshore]
The Board of Directors (the “Board”) of KS Energy Limited (the “Company”, and together with its subsidiaries, the “Group”) refers to the Previous Announcements and the circular to shareholders dated 03 October 2014 in relation to the ...
2019-06-21 10:21:07
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