'Ship prices showing steady improvement' [Market Information]
The Korean shipbuilding industry swept 42% (540,000cgt, 10 units) of the newbuilding orders in August, claiming top place four months in a row. According to Clarksons Research, Korea is leading the world also in the accumulated numbers. New...
2018-09-14 17:35:26
Japan lowers steel demand from shipbuilders [Market Information]
The Japan Shipbuilders' Association (SAJ) turns out to have lowered its forecasts for steel demand in its compatriot shipbuilding industry.  The association has recently expected that its member shipbuilders will need ordinary carbon stee...
2018-09-14 17:35:03
Korea topped in August NB orders [Market Information]
10 units of 540,000 cgt have been reported contracted at Korean yards last August, sporting a big lead over Chinese (14 units of 320,000 cgt) and Japanese ones (eight units of 180,000 cgt). With this, according to Clarksons Research, Korean ya...
2018-09-14 17:34:42
Norway’s largest oil pipeline now in place [Offshore]
Last week Norway’s largest and longest pipeline, laid by the vessel Saipem Castorone, reached the Johan Sverdrup field in the North Sea. Late last week the last pipe of what is now Norway’s longest and largest oil pipeline was installed ri...
2018-09-14 07:20:27
Ice-Breaking LNG Carrier named Vladimir Vize [Shipping]
Mitsui O.S.K. Lines, Ltd. (MOL; President & CEO: Junichiro Ikeda) announced that on 11 September, a naming ceremony for an ice-breaking LNG carrier, which was jointly ordered by MOL and China COSCO Shipping Corporation Limited (China COSCO Sh...
2018-09-14 07:20:05
TOP Ships announces financing of two NBs [Finance]
TOP Ships Inc. (the “Company”), an international owner and operator of modern, fuel efficient "ECO" tanker vessels currently focusing on the transportation of petroleum products, announced today that it has obtained non-binding credit committ...
2018-09-14 07:19:37
Snow Dragons fire up SAILOR 100 GX data link [Equipment]
Cobham SATCOM equipment has been specified for two high-profile Chinese polar research vessels, one of which is heading back to the Arctic for a ninth voyage of discovery with around 100 scientists on board, this time to investigate radioactivity...
2018-09-14 07:18:03
Chevron launches 2020-compliant lubricants [Shipping]
Chevron Marine Lubricants has developed a brand-new range of cylinder lubricants compatible with virtually all available global sulphur cap 2020 compliance options. As the global shipping industry prepares for the arrival of the global sulphur...
2018-09-14 07:17:40
Largest ever OWF opens [Offshore]
The world’s largest operational offshore wind farm, Walney Extension, will be officially opened today at a ceremony in Barrow in the north-west of England. Walney Extension, which is owned by Ørsted and its partners PFA and PKA, is the first p...
2018-09-14 07:17:09
MHI Vestas nets large scale offshore farm [Offshore]
MHI Vestas Offshore Wind will supply 90 of its flagship V164-9.5 MW turbines for the 860 MW project, its largest MW project to date. MHI Vestas celebrates financial close with innogy at the 860 MW Triton Knoll Offshore Wind Farm, confirming th...
2018-09-14 07:16:21
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