Chinese yards' orderbook dropped by 31% [Market Information]
Chinese shipyards are continuingly seeing declines in their new order intakes and backlog.  According to the China Association of the National Shipbuilding Industry (CANSI), Chinese shipbuilders' orderbook stands at 80.28m dwt as of July ...
2017-08-18 16:57:07
Tanker demolition exceeds last year's [Market Information]
Demolition volume of tankers is already past 2016 level.  According to the UK ship broker Alibra Shipping, 24% of the tankers weighed in this year have been sold by Greek owners, a sharp rise from their 10% contribution in 2016. The br...
2017-08-18 16:52:42
Japan soars 227% in July export ship deal [Market Information]
In July, Japanese shipbuilders soared with a three-figure yoy increase in ship export deals. This is the 7th consecutive month that they have achieved a better result than the same time period last year.   According to recent statistics fr...
2017-08-18 16:51:28
Korea recovers 1st place in July [Market Information]
The Korean shipbuilding industry beat China and reclaimed the top spot in the global newbuilding competition in July this year.   According to Clarksons Research, Korea ranked first in July with a total of 306,000 cgt (9) in newbuilding or...
2017-08-18 16:49:50
LR joins 'Quadriga' project [Shipbuilding]
LR has joined the Quadriga sustainable shipping project – an initiative from Hamburg-based Sailing Cargo, which aims to build the world’s biggest sailing cargo ship.  The project outlines a plan to build a 170-meter car carrier, capab...
2017-08-18 07:30:28
Safety first as IMO joins NEVA Opening & Program [Shipping]
The International Maritime Organization recently considered a submission on tank container safety made by The Russian Federation to the UN agency’s Maritime Safety Committee. At a June meeting at IMO’s London headquarters, the Committee co...
2017-08-18 07:28:51
Boskalis acquires subsea survey expert gardline [Offshore]
Royal Boskalis Westminster N.V. has recently announced that it has acquired all shares of the Gardline Group (Gardline) as of August 15. The UK based company's main activities include marine geophysical surveys, offshore geotechnical services and...
2017-08-18 07:27:25
DOF Subsea deal award in the North Sea [Offshore]
DOF Subsea has been awarded a contract for Skandi Constructor for Siemens on the Galloper Offshore Wind Farm Project in the North Sea. The contract ensures that the vessel is utilized until the end of the year. Mons S. Aase, CEO, stated, "I am...
2017-08-18 07:23:49
Dresser-Rand to supply equipment for China [Offshore]
The Dresser-Rand business, part of Siemens Power and Gas, was awarded two orders to supply power generation equipment for two projects for CNOOC Limited (China National Offshore Oil Corporation Limited). CNOOC Limited is the client for the Pengla...
2017-08-18 07:22:46
Rolls-Royce nets MTU engine deal [Equipment]
Rolls-Royce and Sanmar Shipyards in Turkey have signed a contract for the delivery of eight MTU Series 4000 engines for four new terminal tugs, including an option for a further four engines. The tugs will each be fitted with two 16V 4000 M73L MT...
2017-08-18 07:21:29
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