Korea swept 65% in September [Market Information]
The Korean shipbuilding industry took the global leading position again in September, winning around 65% of the whole orders (2.52m cgt, 75 units) at 1.63m cgt, 28 units. China took 14% of the market share. According to Clarksons Research, Kor...
2018-10-12 16:59:58
Newbuilding Price Index reclaims 130pt level [Market Information]
Newbuilding Price Index by Clarksons reclaimed 130pt level in September 2018, continuing its recovery from July’s 128pt and August’s 129pt. The Index has been showing steady growth since March 2017 when it bottomed at 121pt, and it is in two ...
2018-10-12 16:59:33
FLEX contemplating to buy new LNGC [Shipbuilding]
FLEX LNG Ltd. (the "Company") is contemplating to enter into a transaction (the  "Transaction") for the acquisition of five 5th generation LNG newbuldings  comprising three high-end MEGI LNG carriers currently under construction at ...
2018-10-12 07:30:20
Subsea 7 awarded additional work on VITO [Offshore]
Export pipelines award demonstrates Subsea 7’s strong track record for cost-effective execution in the US Gulf of Mexico. Subsea 7 has increased its planned activity in the Gulf of Mexico region with the award of a second construction contra...
2018-10-12 07:28:46
Star Bulk announces green loan for scrubbers [Equipment]
Star Bulk Carriers Corp. (the "Company" or "Star Bulk") (Nasdaq: SBLK, Oslo: SBLK‐R), a global shipping company focusing on the transportation of dry bulk cargoes announced today that it has entered into a $310 million loan agreement, which inc...
2018-10-12 07:27:50
ICS publishes new Garbage Management Plans [Shipping]
The International Chamber of Shipping (ICS) has recently published a new edition of its ‘Guidance for the Preparation and Implementation of Garbage Management Plans as Required by MARPOL Annex V’. This second edition is intended to help shipp...
2018-10-12 07:25:57
BWTS to newbuild wellboat [Equipment]
Norwegian shipyard Fitjar Mekaniske Verksted has contracted PG Flow Solutions to supply the ballast water treatment system (BWTS) to a wellboat the shipbuilder is currently constructing. Under the contract, PG Flow Solutions will supply its IM...
2018-10-12 07:24:45
BHP uses drone for cargo monitoring [Equipment]
BHP was an early adopter of drones across its mine sites. Now drones are taking flight at BHP’s ocean freight operations, providing enormous safety benefits and efficiency gains. While still in the trial phase, BHP’s Vice President of Mark...
2018-10-12 07:23:06
SeaTwirl signs power deal with Haugaland Kraft [Offshore]
SeaTwirl has signed a deal about selling electricity to Haugaland Kraft. Norway and a site near Haugesund are one of the main alternatives for the installation of SeaTwirl S2. SeaTwirl S2 is under development and is planned to be installed in ...
2018-10-12 07:22:19
UK’s simulation centre to use Wärtsilä equipment [Equipment]
The technology group Wärtsilä has been selected to provide a full scope of marine simulators for a new training facility at Solent University’s Warsash School of Maritime Science and Engineering, located in Southampton, England. Scheduled ...
2018-10-12 07:21:53
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