3rd try for Sungdong sale scheduled in April [Finance]
The deadline for submitting Sungdong Shipbuilding & Marine Engineering's rehabilitation plan has been extended again as the sale of the Korean debt-stricken shipbuilder is repeatedly delayed. The current process of stalking-horse bidding will...
2019-03-18 16:28:42
Capacity reduction leads to rising NB prices [Shipbuilding]
BRS has recently forecasted that newbuilding price will constantly increase over the forthcoming years against a backdrop of a short supply of shipbuilding facilities. Amid a restructuring process in shipbuilding industry, according to the Fre...
2019-03-18 15:58:38
MOTIE had talks with local equipment providers [Equipment]
The Ministry of Trade, Industry and Energy (MOTIE) had the discussion meeting of shipbuilding equipment industry in Busan Metropolitan City and South Gyeongsang Province on March 15 at the Gyeongsangnam-Do Provincial Government Building, Changwon...
2019-03-18 15:29:31
184% up in Japan's ship export deliveries [Shipbuilding]
Japanese shipbuilders have seen a 20% year-on-year decrease in their new orders for exports last February, with a total of 13 vessels (710,000 gt, 280,000 cgt) awarded.   Last month, according to the Japan Ship Exporters' Associati...
2019-03-18 14:39:09
Maersk secures financing for NB boxships [Finance]
Maersk Line turns out to have secured lease financing for the construction of a total of 13 feeder containerships.   According to industrial source and TradeWinds, the Danish international container shipping company raises money from...
2019-03-18 14:11:18
TEN secures charter for two LNGCs [Shipping]
TEN, Ltd (“TEN” or the “Company”) (NYSE:TNP) announced new charters for two LNG carriers, the Neo Energy and the Maria Energy to significant international energy concerns for an aggregate period of 36 months. The total gross revenues from...
2019-03-18 11:04:58
German bank provides ship financing for two ships [Finance]
KfW IPEX-Bank is providing EUR 16.43 million to Royal Arctic Line A/S to finance two additional transport vessels. In November 2018, KfW IPEX-Bank concluded a pre- and post-delivery financing for two similar vessels for the Greenland shipping com...
2019-03-18 10:56:10
Borr Drilling secures rig employments in Mexico [Offshore]
Borr Drilling Limited (“Borr” and the “Company”) announced that one of its subsidiaries, in partnership with OPEX Perforadora S.A. de C.V., has received an official award from Petroleos Mexicanos (“PEMEX”) for the delivery of offshore...
2019-03-18 10:11:04
Naval Dome cyber protection got employment [Equipment]
Totem Plus has signed a licence agreement with Naval Dome for use of its award-winning maritime cyber security software across a range of its advanced automation and navigation solutions.  Under the agreement, Totem Plus is licensed to in...
2019-03-18 08:30:41
Mawani presents plan for port improvements [Shipping]
The Saudi Ports Authority (Mawani), as part of a ‘qualitative leap’ in its management methods and operational performance, has announced plans to increase the productivity and competitiveness of the Kingdom’s ports. The plan calls for an ag...
2019-03-18 08:29:44
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