Korean ship exports decrease [Shipbuilding]
The Korean industry exported $46.91bn (0.2% year-on year decrease), imported $41.87bn (0.3% y-o-y decrease), earning $5.04bn, recording 98th consecutive profitable month in March.  The Ministry of Trade, Industry and Energy (MOTIE) asse...
2020-04-08 09:13:22
Korean 'Big 3' sees poor NB orders [Market Information]
It turned out that accumulated total value of orders won by domestic ‘big 3’ shipyard is $1.6bn from January to March 2020, achieving just 5% of their annual target. According to industry sources, it is 53% less than the previous year...
2020-04-08 09:10:39
Korean 'Big 3' sees poor NB orders [Shipbuilding]
It turned out that accumulated total value of orders won by domestic ‘big 3’ shipyard is $1.6bn from January to March 2020, achieving just 5% of their annual target. According to industry sources, it is 53% less than the previous year’...
2020-04-08 09:08:23
Global LNGC price in downward trend [Shipbuilding]
Amid a decline in shipowner's newbuilding enquiries, as well as poor progress in natural gas development projects, the price of LNG carrier is showing a downward trend.  Regarding the price of one 174,000 cbm LNG carrier (with two-stroke ...
2020-04-08 09:04:04
VARD secures contract for one stern trawler [Shipbuilding]
VARD announced on April 1 that it has singed a new contract for the design and construction of one stern trawler with P/F Akraberg, a subsidiary of Framherji in the Faroe Islands. The contract value is in excess of NOK 500 million. The new ves...
2020-04-07 09:32:48
MAN's dual-fuel engines accumulate 1m operating hours [Equipment]
MAN Energy Solutions announced on April 2 that its portfolio of two-stroke, dual-fuel engines has accumulated 1 million operating hours.The milestone comes on the back of the 300 engines/6.3 GW sales the company recently announced for the segment...
2020-04-07 09:28:38
ABS to improve remote surveys [Equipment]
ABS announced on April 1 that vessel owners believe ABS remote surveys improve their operational efficiency, would like more surveys offered remotely and believe a remote survey can be as effective as a physical attendance survey. That is the ...
2020-04-07 09:22:54
Kongsberg implements its new tugboat project [Equipment]
Kongsberg Maritime announced on April 2 that it has taken another bold step in the implementation of its market-leading strategies for autonomous, sustainable shipping thanks to the company’s involvement in an ambitious new tugboat project. ...
2020-04-07 09:19:22
Inmarsat offers discount on calling service [General]
Inmarsat announced on April 2 that in a direct response to the COVID-19 pandemic and its impact on seafarer well-being, Inmarsat has formalised a sweeping 50% discount for crew voice calling services available for up to 40,000 ships for three mon...
2020-04-07 09:16:08
VIKING supplies PPE to Serica Energy [Equipment]
Following a competitive tender process, leading safety product manufacturer and service provider VIKING Life-Saving Equipment recently announced that it has won a three-year contract to supply personal protective equipment (PPE) to Serica Energy,...
2020-04-07 09:13:43
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