HSHI wishing a good year [Photo News]
Around 120 from Hyundai Samho Heavy Industries (HSHI) and subcontractors including HSHI CEO Yoon Moon-Gyun climbed Mt. Seungdal-san located in Muan, Jeonnam, Korea. They sent up balloons, wishing safety and prosperity in 2018. Writing by Jim...
2018-01-08 10:15:08
Carnival Corporation to Launch New Ships in 2018 [Shipping]
Carnival Corporation & plc (NYSE/LSE: CCL; NYSE: CUK), the world's largest leisure travel company, announced on January 4 that it will launch four new cruise ships in 2018 across four of its 10 leading global brands – Carnival Cruise Line, ...
2018-01-08 07:22:53
PG Flow Solutions appoints CEO [Equipment]
Liquid handling and pump expert PG Flow Solutions announced on January 4 that it has promoted chief operating officer (COO) Steve Paulsen to the role of chief executive officer (CEO). Steve Paulsen (46) succeeds Roy Norum (62), who moves into ...
2018-01-08 07:20:05
K Line: 2018 New Year Message [Shipping]
The following is an excerpt from the New Year’s speech made by "K" Line president Murakami on January 4: To everyone of the "K" Line Group, I extend my very sincerest wishes for a Happy New Year. As we enter 2018, I would like to take this o...
2018-01-08 07:18:07
NYK: New Year's Message from the President [Shipping]
The following is an excerpt from the New Year’s speech made by NYK president Tadaaki Naito as business opened for 2018 at the company’s head office in Tokyo. Excerpt from the speech: I would like to wish everyone a happy new year. At th...
2018-01-08 07:16:33
HHI wins VLGC trio from Kuwait? [Shipbuilding]
It is known that the Kuwait Oil Tanker Company (KOTC), a Kuwait's state-owned tanker operator, and Hyundai Heavy Industries (HHI) signed a letter of intent (LOI) for the construction of three very large gas carriers (VLGCs).  According to...
2018-01-08 07:15:44
Korean shipyards ask for financial supports [Finance]
After revealing large-scale plans to increase capital by issuing new stocks at the end of 2017, Korean shipbuilders are asking for supports from the government and financial world as they need huge sums of money with the goal of repaying debts in...
2018-01-08 07:15:03
Scrubber selection makes slow progress [Equipment]
It turned out that the number of ships equipped with scrubbers is 240 only as of the beginning of December, 2017.  While the introduction of the International Maritime Organization's (IMO's) SOx emission limitations leaves less than two y...
2018-01-08 07:14:38
"2018's boxship orders to up slightly" [Shipbuilding]
It turned out that new containership orders increased sharply last year, and the upturn is expected to continue this year slightly but surely. According to Alphaliner, last year's boxship contracts stood at 671,641 teu, up by 139.5% against 28...
2018-01-08 07:12:49
Hankuk Carbon inks deal with Hudong [Equipment]
Hankuk Carbon of Korea announced on January 3 that it has pencilled in a contract worth KRW 5.8bn (approximately $5.46m) with Hudong-Zhonghua Shipbuilding, a Chinese large-sized shipbuilder, to supply cryogenic insulation materials for the contai...
2018-01-08 07:12:21
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