January ship export showed bumpy start [Market Information]
Korean export is slowing down in January due to a slow start in the semiconductor and shipbuilding industries. Korea Customs Service (KCS) announced on January 21 that by January 20, 2019, Korea exported $25.7bn of goods and services, which is...
2019-01-25 16:32:11
"Greek owners and LNGCs are 2018 icons" [Market Information]
It turned out that LNG carrier orders and Greek shipowners' newbuilding rally relieved the pressure on scarce orders in shipbuilding industry last year.  In 2018, according to Clarksons Research, newbuilds of 77m dwt were ordered, down by...
2019-01-25 16:31:56
Japanese ship export drew a heavy-tail graph in 2018 [Market Information]
It turned out that Japanese yards’ orderbook had shrunk in 2018 compared to 2017. They took new export orders for 20 ships of 1.3m gt, 470,000-cgt in December 2018, which is yoy 154% increase in terms of gt. The Japan Ship Exporters' Associa...
2019-01-25 16:31:39
SHI suffered $365m loss in 2018 [Finance]
Samsung Heavy Industries (SHI) announced its 2018 business results on January 25 through a regulatory filing, revealing KRW 5.2651trn of revenue and KRW 409.3bn (about $365m) of operating loss. The Korean shipbuilding heavyweight's 2...
2019-01-25 16:18:10
BSC mulling on a large newbuilding project [Shipbuilding]
Bangladesh’s state-run operator Bangladesh Shipping Corporation (BSC) is reviewing a plan to order 26 units of tankers and bulkers to renew its fleet, it is understood. Foreign media and industry sources told that the company had already ord...
2019-01-25 16:09:11
OSC hints more newbuildings coming [Shipbuilding]
After its recent newbuilding shopping at Daewoo Shipbuilding & Marine Engineering (DSME), Oman Shipping Company has hinted other round of newbuilding orders. In a media interview, CFO and acting CEO of the company Michael Jorgensen said th...
2019-01-25 15:56:00
The ban on scrubbers may favor LNG bulkers [Equipment]
Spreading ban on Open-Loop scrubbers may end up benefitting LNG-powered bulkers, an analyst said. Park Moo-Hyun, a researcher at Korea's Hana Financial Investment, said through a January 24 report that a total of 11 countries has already intro...
2019-01-25 15:09:33
UAE introduces a ban on Open-Loop scrubbers [Equipment]
UAE is poised to ban Open-Loop scrubbers in Port Of Fujairah, A port authority official commented to a media that Port Of Fujairah has decided to ban Open-Loop scrubbers, and ships will have to use LSFO when 2020 regulations go into action. ...
2019-01-25 14:11:04
KR SCF Archive Center awarded ISO 27001 cert [General]
KR SCF Archive Center of the Korean Register of Shipping (KR) was awarded ISO 27001 certification, an information security standard. KR SCF Archive Center is a cloud-based archiving system established in 2015 for SCF or Ship Construction File....
2019-01-25 13:54:16
McDermott awarded EPC contract by BP [Offshore]
McDermott International, Inc. (NYSE: MDR) announced a significant contract award by BP Trinidad & Tobago, LLC (bpTT) for the engineering, procurement and construction (EPC) of the Cassia Compression Platform, located 35 miles (57 kilometers) ...
2019-01-25 11:37:59
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