Korea dominated February amid market slowing down [Market Information]
The Korean shipbuilding industry dominated February’s shipbuilding order intake with 90% of market share, while the overall global ordering growth is slowing down. Clarksons Research reported that among 700,000-cgt (15 units) of newbuildings...
2019-03-15 15:15:37
Korean ship exports down in Jan-Feb [Market Information]
Korean ship exports reached KRW 2.011bn and KRW 1.317bn in January and February this year, respectively, down by 17.8% and 46.5% year-on-year.   According to the Ministry of Trade, Industry and Energy (MOTIE) of Korea, such a decline...
2019-03-15 15:15:16
Japanese shipbuilders to use more steel [Shipbuilding]
The Japan Shipbuilders' Association (SAJ) raised its estimation of steel consumption by its member shipbuilders during the 2019 fiscal year (by March 2020) by 3% at 3.18-mt. An official of the Association commented that if the member yards can...
2019-03-15 15:03:00
Saga to order more LNGCs for operations in China [Shipbuilding]
Saga LNG Shipping of Singapore named its 45,000-cbm LNG carrier, Saga Dawn, at China Merchants Heavy Industry (CMHI) Jiangsu shipyard. Saga Dawn is schduled to be delivered in April. It is the first ship with LNT Marine’s A-Box LNG containme...
2019-03-15 14:41:46
Panasia completes scrubber retrofit work [Photo News]
Panasia announced on March 6 that the first one of 95 SOx scrubber retrofit projects the Korean marine equipment manufacturer secured from TMS Group, which is led by Greek owner George Economou, last July has successfully been completed. ...
2019-03-15 14:14:01
Ningbo Xinle scores two chemical tankers [Shipbuilding]
Italian owner Amoretti Armatori Group has ordered two chemical tankers at Ningbo Xinle Shipbuilding of China. Foreign media and sources reported that Ningbo Xinle had started the construction of two 4,500-dwt tankers in 1H 2019 for delivery in...
2019-03-15 14:06:28
Iran eyeing VLCC constructions in Korea [Shipbuilding]
Iran is drawing a plan to order 10 VLCCs in order to keep its crude export flowing amid US sanctions, it is said. Sources told that Iran is in discussion with the Korean shipbuilding industry, however, the progress is sluggish due to the sanct...
2019-03-15 13:50:09
DSME delivered Sonangol drillship [Offshore]
Daewoo Shipbuilding & Marine Engineering (DSME) has signed the delivery of one drillship out of two units which were ordered by Sonangol, the company announced on March 15. The delivery would provide the company with around KRW460bn of liq...
2019-03-15 13:29:18
MSC confirms luxury ships order with Fincantieri [Shipbuilding]
MSC and Fincantieri announced the signing of the final contracts for the construction of four luxury cruise ships. Pierfrancesco Vago, Executive Chairman of MSC’s Cruises Division, said: “With this now firm order, MSC is entering a new seg...
2019-03-15 11:21:26
Anthony Veder expands fleet with 30,000-cbm LNGC [Shipbuilding]
Anthony Veder expands her fleet with a 30,000 cbm liquefied natural gas (LNG) carrier that is currently being constructed by Zhejiang Xinle Shipbuilding in Ningbo. The vessel will be finished under supervision of Anthony Veder and will be operati...
2019-03-15 11:01:44
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