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Offshore
Shipbuilding
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Market Information
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Reportage/Interview
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Photo News
Korean yards account 28% of 1Q NB orders
[Market Information]
Chinese shipyards ranked No.1 position in 1Q global new order intakes with 2.58m cgt (106 units) awarded, which accounts for 45% of the entire contracting of 5.73m cgt (196 units). Korean shipbuilders came in second place with 1.62m cgt (35 units...
2019-04-12 15:55:29
Ship exports see uptrend in Mar
[Market Information]
The Korean whole industry exported $47.11bn (down by 8.2% year-on-year) and imported KRW 41.89bn (down by 6.7% y-o-y) last March, achieving the 86th consecutive profitable month with a trade balance of $5.22bn. According to the Min...
2019-04-12 15:55:09
MSC still not receiving Jinhai boxship
[Shipbuilding]
MSC has still not received its long-waited Neo-Panamax vessel from financially-troubled Jinhai Intelligent Manufacturing. Sources told that an 11,568-teu boxship MSC Bianca was arrested in China due to the yard’s unpaid debts, even after the...
2019-04-12 15:54:46
HHI starts legal procedure of corporate combination
[Shipbuilding]
Hyundai Heavy Industries (HHI) has started the legal procedure of the corporate combination with Daewoo Shipbuilding & Marine Engineering (DSME). Sources told on April 12 that HHI is to submit corporate combination application in May at th...
2019-04-12 15:21:56
DSME wins submarine trio from Indonesia
[Photo News]
Daewoo Shipbuilding & Marine Engineering (DSME) announced on April 12 that the Korean shipbuilding tycoon has been awarded three 1,400-ton submarines by the Indonesian Navy (TNI-AL) at about KRW 1.16trn (around $1.018bn). Writing b...
2019-04-12 14:20:12
DSME wins submarine trio from Indonesia
[Shipbuilding]
Daewoo Shipbuilding & Marine Engineering (DSME) announced on April 12 that the Korean shipbuilding tycoon has been awarded three 1,400-ton submarines by the Indonesian Navy (TNI-AL) at about KRW 1.16trn (around $1.018bn). Measuring 61m in ...
2019-04-12 14:18:58
No Capesize traded in Q1 S&P market
[General]
Not a single unit of Capsize bulker has been traded in the S&P market during the first quarter of 2019. This is quite distinctive from previous quarters, when the trade of Capesize had been active (Q1 2018, 8 units; Q2, 26; Q3, 23; Q4, 23). ...
2019-04-12 14:09:18
A new order for Chantiers de l’Atlantique
[Shipbuilding]
Royal Caribbean Cruises Ltd. (NYSE: RCL) today announced that it has entered into an agreement with French shipbuilder Chantiers de l’Atlantique to order a fifth Edge-class ship for delivery in the fall of 2024. “Edge class made an immedia...
2019-04-12 11:24:29
Keppel-DNV GL team up to promote LNG fuel
[Shipping]
Classification society DNV GL and Keppel Marine and Deepwater Technology (KMDTech), a subsidiary of Keppel Offshore & Marine (Keppel O&M), announced that they have signed a framework agreement to boost the uptake of liquefied natural gas ...
2019-04-12 10:34:57
China Merchants-Viking ties for cruise venture
[General]
On April 8, Viking® (www.vikingcruises.com) and China Merchants Shekou, representing China Merchants Group, announced they have signed a memorandum of understanding to form a joint venture focused on building a cruise line with worldwide cruise ...
2019-04-12 08:39:55
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