Korean ship export slowed down in May [Market Information]
Korea logged $50.98bn (yoy 13.5% increase) of export result, with $44.25bn of revenue (12.6% increase) and $6.73bn of profit (76th consecutive month) in May. According to the Ministry of Trade, Industry and Energy (MOTIE) of Korea, Korea expor...
2018-06-08 16:50:25
Korea expects 38% decrease in delivery [Market Information]
Global shipyard output stood at 475 ships of a combined 30m dwt (11.9m cgt) in the four months. In the full year 2018, according to Clarkson Research, deliveries are forecast to reach 79m dwt, representing a 19% y-o-y decline compared to 2017...
2018-06-08 16:50:04
DSME bags Posidonia newbuilding orders [Shipbuilding]
Daewoo Shipbuilding & Marine Engineering has succeeded in securing newbuilding orders during Posidonia exhibition in Greece, again. The Korean shipbuilder signed a contract with Alpha Gas S.A. of Greece to build one LNG carrier, which ...
2018-06-08 11:53:12
Inmarsat Research Programme offers unique maritime IoT insig... [Equipment]
Original research commissioned by Inmarsat suggests that the maritime industry is more amenable to adopting analytic, management and operational tools applied through the Internet of Things (IoT) than many commentators have supposed.   The...
2018-06-08 07:19:14
MHI-COSCO join forces for new scrubber design [Equipment]
Mitsubishi Heavy Industries, Ltd. (MHI), with regards to its rectangular scrubber for large vessels, jointly developed by their group companies, Mitsubishi Shipbuilding Co., Ltd. (Mitsubishi Shipbuilding), and Mitsubishi Hitachi Power Systems, Lt...
2018-06-08 07:18:08
Saipem awarded offshore contract in ME [Offshore]
Saipem has been awarded a Pipeline Project in the E&C Offshore sector in the Middle East worth approximately 1.3 billion USD. The contract involves Engineering, Procurement, Construction and Installation (EPCI) activities associated to two...
2018-06-08 07:17:18
LR granted AIP to new bulker design [Shipbuilding]
Presentation of the Approval in Principle (AiP) to Shanghai Waigaoqiao Shipbuilding Co., Ltd (SWS) was made in a ceremony at the LR stand, 4.201, at Posidonia 2018. SWS and LR have agreed to jointly develop an LNG dual-fuelled Newcastlemax 210...
2018-06-08 07:15:51
FueLNG orders South East Asia’s first LNGBV [Shipping]
FueLNG, a joint venture between Keppel Offshore & Marine Ltd (Keppel O&M) and Shell Eastern Petroleum (Pte) Ltd, has placed an order with Keppel Singmarine Pte Ltd, a subsidiary of Keppel O&M, to build the first Liquefied Natural Gas ...
2018-06-08 07:15:02
ABB Turbocharging Service Point opnes at Cypprus [Equipment]
ABB Turbocharging and Multimarine Services Ltd (MMS) have agreed an ABB Turbocharging Service Point will open at the MMS shipyard facility at Limassol Port, Cyprus, for ultimate convenience for customers. The deal confirms the creation of the ...
2018-06-08 07:14:05
Wärtsilä-Wilhelmsen sign maintenance deal [Equipment]
The technology group Wärtsilä and Norwegian Wilhelmsen Ship Management, a Wilhelmsen group company, have signed a 5-year agreement covering the maintenance of exhaust gas cleaning systems installed in three vessels managed by Wilhelmsen Ship Ma...
2018-06-08 07:13:02
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