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Kexim supports KRW 5.2trn to shipyards
[Finance]
The Export‑Import Bank of Korea (Kexim) recently announced that Bang-Mun kyu, the CEO of Kexim, has participated ‘Shipbuilding industry communication meeting’ to seek supported plans and listen to complaints, following visiting Hyundai Heav...
2020-05-29 09:05:54
AET takes delivery of DP2 shuttle tankers
[Shipping]
AET, a leading energy logistics provider, announced on May 26 that it took delivery of Eagle Petrolina, the first of four Suezmax Dynamic Positioning (DP2) Shuttle Tankers purposed built for long-term charter to Petróleo Brasileiro S.A. – Petr...
2020-05-28 09:42:01
Ammonia & hydrogen preferred by shipowners
[Shipping]
ABS announced on May 26 that shipowners see ammonia and hydrogen as the most attractive fuel options for the long term, according to an ABS survey. Nearly 60 per cent of respondents said they viewed hydrogen and ammonia as the most attractive fue...
2020-05-28 09:40:20
MOL & LTW contract to build and charter LNG terminal ship
[Shipping]
MOL (Mitsui O.S.K. Lines, Ltd., Tokyo, Japan) and LTW (LNG Terminal Wilhelmshaven) jointly announced on May 26 that they have signed a contract to build and charter an LNG terminal ship—known in the industry as a Floating Storage and Regasifi...
2020-05-28 09:36:30
Kongsberg acquires additional shares in KONCIV
[Finance]
Through a private placement, Kongsberg Digital announced on May 25 that it has acquired additional shares in NorSea Digital, now KONCIV, together with the private investor Jacob Møller. NorSea remains its largest owner. The company provides digi...
2020-05-28 09:28:40
Duksan joins hands with Magna Mare
[Equipment]
Duksan Industrial recently announced that it has concluded a business development agreement with Magna Mare Co. LTD -- a European led Agency based in Busan, specializing in Business Development and Marketing of Marine Equipment Manufacturers. Un...
2020-05-28 09:26:01
GTMaritime supplies customisable news service
[Equipment]
GTMaritime announced on May 26 that it is introducing a fully-customisable news distribution service for vessel owners and operators helping them keep their crews up-to-date on events unfolding in their home countries as well as offering a select...
2020-05-28 09:17:54
JES assets sold at online auction
[Finance]
The business assets of JES International Holdings have all been sold through an online auction. Since last October, according to industrial source and foreign media outlet, the administrators of the insolvent Chinese shipbuilder have put...
2020-05-28 09:12:34
Imabari to develop ammonia-fueled ship
[Shipbuilding]
Japan's Imabari Shipbuilding hs set up a consortium in order to develop ammonia-fueled vessel. According to industrial source and TradeWinds, the Japanese shipbuilder formed a consortium with its compatriot Mitsui E&S Machinery, Itochu Ene...
2020-05-28 09:11:28
Yara's unmanned boxship project halted
[Shipbuilding]
It turned out that the world's first project for developing autonomous and wholly electric-powered vessel, led by Norway's Yara International, has been put on hold against a backdrop of the 'Covid-19' outbreak, as well as uncertain market circums...
2020-05-28 09:10:19
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