Gyeongnam sets to meeting for DSME matters [General]
South Gyeongsang Province (Gyeongnam) government has arranged a meeting to discuss the merger of Daewoo Shipbuilding & Marine Engineering (DSME) on March 4, inviting mayors and local industry leaders. The participants agreed that the acqui...
2019-03-05 15:53:19
'Korean giants may achieve 2019 goals' [Shipbuilding]
Another encouraging prediction came out for Korean giant yards. Nomura Securities reported that the Newbuilding Price Index recorded 130.44 in January. The Japanese outfit also said that the price of LNG carriers has risen gradually for the pa...
2019-03-05 14:56:31
Maran to put XDF engine at its new LNGCs [Equipment]
It seems XDF propulsion systems would run the two 174,000-cbm LNG carriers Daewoo Shipbuilding & Marine Engineering (DSME) is building for Maran Gas of Greece. TradeWinds and other sources told that Maran Gas has an option to change the pr...
2019-03-05 14:16:29
YZJ net profit up by 17% in 2018 [Shipbuilding]
The revenue of Yangzijiang Shipbuilding (Holdings) Group (YZJ) recorded CNY23.24bn (around $3.47bn) in 2018, which was yoy 21% growth. YZJ also stated through an SGX regulatory filing that its 2018 net profit was CNY3.624bn, which was yoy 17% ...
2019-03-05 13:53:03
Fincantieri and Viking sign for two newbuildings [Shipbuilding]
In the context of the agreement announced in March 2018 for the construction of 6 ships, Fincantieri and Viking signed the contracts for the first 2 units, which will be delivered respectively in 2024 and 2025. In partnership with the shipowne...
2019-03-05 11:22:19
NYK orders new wood-chip carrier [Shipbuilding]
NYK has concluded a long-term contract with Mitsubishi Paper Mills Limited for a new wood-chip carrier to be built by Oshima Shipbuilding Co. Ltd. The ship will be able to load 4.3 million cubic feet of wood chips and will contain the following f...
2019-03-05 11:18:47
Oil discovery from Visund in the North Sea [Offshore]
Equinor has, together with partners Petoro, ConocoPhillips and Repsol, made an oil discovery from the Visund A platform in the Telesto exploration well in the North Sea. The resources are estimated at 12-28 million barrels of recoverable oil. ...
2019-03-05 10:44:32
"LNG does offer pathway to IMO 2050" [Shipping]
SEA/LNG, the multi-sector industry coalition aiming to accelerate the widespread adoption of liquefied natural gas (LNG) as a marine fuel, believes LNG is a viable pathway to meet the International Maritime Organisation (IMO)’s 2050 Greenhouse ...
2019-03-05 08:48:27
Incat Crowther designing Ro-Pax ferry for Taiwan route [Shipbuilding]
Incat Crowther announced a project to design a 1000-passenger high speed ro-pax ferry to operate between mainland China and Taiwan. To be built by AFAI Southern Shipyard, the Incat Crowther 113 design will be operated by Fujian Strait Shipping...
2019-03-05 08:47:28
Pukyong Univ. chooses GE DP system [Equipment]
Pukyong National University (PKNU) has chosen GE’s Power Conversion business to provide the SeaStream Dynamic Positioning (DP) system for their training vessel for fisheries industry training. GE’s SeaStream DP will enable the ship to perform...
2019-03-05 08:46:45
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