Korea topped NB orders in Feb [Market Information]
Global shipbuilding industry saw a total of 1.74m cgt, 45 units of newbuilding orders in February 2018, representing a 39% downturn against a month ago.  According to Clarkson Research, Korea took 0.91m cgt among the total, which accounts...
2018-03-09 15:37:00
Korea occupied 42% of total 2017 orders [Market Information]
2017 saw 43.1m gt (21.5m cgt, 1,297 units) of ships ordered, which is 2.3 times more than 2016, according to IHS interim data. It seems global major shipping companies trying to take advantage of attractive ship price had driven the order hike...
2018-03-09 15:36:35
Fewer ships delivered in January [Market Information]
In January, global yards had delivered a total of 152 units, 12m dwt (4.2m cgt) of ships, which is 30.6% decrease in terms of dwt from last year’s 244 units, 17.3m dwt. Estimated total delivery of 2018 is 78.8m dwt, which is also yoy 19% dec...
2018-03-09 15:36:10
Two-digit growth of Korean ship export [Market Information]
In February, Korea exported $44.88bn, which is yoy 4.0% increase. The import was $41.57bn, which means yoy 14.8% increase. Korea posted a trade surplus of $3.31bn in February, which is 73rd  consecutive month of profit. February stand fir...
2018-03-09 15:35:39
GTT & Dongsung develop 'LNG Brick' fuel tank [Equipment]
With the rise in the use of LNG as a fuel, the marine industry requires new cryogenic storage solutions which are both compact and easy to install. To answer this demand, GTT has developed the LNG Brick® technology and announces the end of its t...
2018-03-09 07:23:52
Alfa Laval wins GREEN4SEA Technology Award [Equipment]
Alfa Laval was among the recipients of the third annual GREEN4SEA Awards, which recognize outstanding performance in fostering environmental excellence and sustainable shipping. At the awards ceremony on 6 March, Alfa Laval PureBallast was announ...
2018-03-09 07:21:13
Partnership creates one-stop-shop for oil spill response [Offshore]
Norwegian suppliers Framo, Maritime Partner, Norbit Aptomar, and NorLense have come together to create the OSRV (Oil Spill Recovery Vessel) Group to offer a complete oil spill response solution.  “Our aim is to be a one-stop-shop where ...
2018-03-09 07:20:35
Kongsberg advances ‘Simulation as a Service’ [Equipment]
Norway's Kongsberg Digital has signed the British Columbia Institute of Technology (BCIT) as a pilot-customer for the cloud-based application of the sophisticated K-Sim simulation technology.  BCIT will be among the first to offer simulat...
2018-03-09 07:18:17
Vard wins two more luxury expedition cruise vessels [Shipbuilding]
Vard announced the contracts for the design and construction of two luxury expedition cruise vessels for French cruise company PONANT.   VARD’s close working relationship with PONANT dates back to the contracts for the construction of a ...
2018-03-09 07:16:47
ClassNK reorganized itself with new leaders [General]
ClassNK announced the following three items decided at the meetings of the Council and Board of Directors held on 6 March 2018.   [ClassNK Executive Officers Election, 6 March 2018] ClassNK’s currently serving Executive Officers have be...
2018-03-09 07:15:46
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