Korea's NB order rally starts [Market Information]
Korean shipbuilding industry has seen continued new order spree even during summer vacation (from late July to early August).  For the cited period, Hyundai Heavy Industries (HHI) reportedly won 1+1 179,000 cbm LNG carriers from Greece's ...
2019-08-16 16:47:32
Japan tripled ship completed in July [Market Information]
Japanese shipbuilders were awarded 16 vessels of a combined 557,000m gt (270,000m cgt) for exports in July 2019, down by 4.7% year-on-year in gt terms. By ship type, the newbuilds include 15 bulkers and one tanker.   According to the Japan...
2019-08-16 16:47:08
Evergreen reveals $1.7bn expansion plan [Shipbuilding]
Taiwan’s Evergreen Marine recently revealed a business expansion plan to secure 23,000-teu boxships through newbuilding and chartering agreements.   The company announced that it would order 5-6 23,000-teu boxships at $145-160m apiece, t...
2019-08-16 16:37:49
Huangpu Wenchong won its first gas carrier [Shipbuilding]
CSSC-affiliated Huangpu Wenchong Shipbuilding (HPWS) has secured the company’s first gas carrier contract.   TradeWinds reported that a Chinese shipowner Tianjin Southwest Maritime (TSM) has ordered a 9,500-cbm multipurpose gas carrier a...
2019-08-16 15:14:16
Qatar starts the newbuilding marathon at last [Shipbuilding]
Qatar has started the long-waited massive LNG carrier newbuilding project, sources said.   TradeWinds and other sources said that shipowners had received SOI(Solicitation Of Interest) at the end of July, and all interested owners need to s...
2019-08-16 14:57:55
Korea hurries to help domestic equipment makers [Equipment]
The Korean government is to start an aid program for marine equipment manufacturers as soon as possible.   The Ministry of Trade, Industry and Energy (MOTIE) said on August 12 that R&D support program worth KRW6bn would start right awa...
2019-08-16 14:10:06
Seadrill forms JV with Gulf Drilling International [Offshore]
“Seadrill Limited ("Seadrill" or the “Company) refers to the announcements made on May 1, 2019 in connection with the award of  drilling contracts by Qatar Petroleum to Gulf Drilling International (“GDI”). Seadrill and GDI have en...
2019-08-16 10:54:11
MODEC issued a project bond [Offshore]
MODEC, Inc. ("MODEC", Head Office: Chuo-ku, Tokyo; President and CEO: Yuji Kozai) announced that an affiliate of MODEC has issued a project bond in the international capital markets outside Japan to refinance a Floating Production Storage and Off...
2019-08-16 10:52:23
Major contract award to Rosenberg Worley AS [Offshore]
Vår Energi AS has awarded an EPCI (Engineering, Procurement, Construction and Installation) contract to Rosenberg Worley AS in Stavanger, Norway. The contract encompasses the lifetime extension of the Jotun floating production storage and offloa...
2019-08-16 10:51:15
S/C for LNG cruise held at Meyer Werft [Shipbuilding]
With the symbolic steel cutting ceremony at MEYER WERFT, work has begun on the next cruise ship for AIDA Cruises. Like the AIDAnova that was delivered at the end of 2018, this ship will be fitted with a particularly environ-mentally friendly liqu...
2019-08-16 10:50:46
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