Ship value to gain momentum from the end of 2019 [Market Information]
Intelligence provider for marine asset value, VesselsValue recently released its forecast for future vessel value change by 2022, in bulker, tanker, containership, and gas carrier segments. Overall, the agency predicted that the value would hit b...
2019-05-10 16:25:17
Korean shipbuilding export expanded in April [Market Information]
Data show that in April, Korea exported $48.86bn (2.0%↓) of goods and services, importing $44.74bn(2.4%↑). Korea’s trade profit accounts to $4.12bn, making April an 87th consecutive month in profit. The Ministry of Trade, Industry and En...
2019-05-10 16:24:34
The Philippines to develop shipbuilding standard [Shipbuilding]
The Maritime Industry Authority (Marina) and the Department of Trade and Industry (DTI) of the Philippines are to jointly develop shipbuilding and ship-repairing quality/safety standards. Two government bodies are to organize a joint technical...
2019-05-10 16:00:15
Sakha envisioning shipbuilding cooperation with Korea [Shipbuilding]
Delegates from the Sakha Republic of Russia has recently visited the Korean shipbuilding industry and academy to seek opportunities for future cooperation. Daewoo Shipbuilding & Marine Engineering (DSME), Hyundai Heavy Industries (HHI), Korea...
2019-05-10 15:34:49
Qatar’s big move may increase LNGC benchmark [Shipbuilding]
Qatar’s massive LNG carrier shipping might cause overall newbuilding price increase, sources said. The gas giant country recently has sent a letter to yards requesting for plans for up to 80 units of LNGCs worth over hefty $15bn. The grand p...
2019-05-10 14:48:30
HHI delivers next-gen smart LNG carrier [Shipbuilding]
Hyundai Heavy Industries (HHI) has successfully delivered a next-generation smart LNG carrier to an owner. SK Shipping received the delivery of the 180,000-cbm ship, Prism Agility, which features HHI’s INTEGRICT Smartship Solution (ISS) and ...
2019-05-10 14:25:19
Danfoss participating in Jeju decarbonization [Photo News]
Today, Danfoss South Korea signed a memorandum of understanding (MOU) with the Shipowners Association of Chuja Island and the Shipowners Association of Offshore Drift Grill Net of Jeju island in conjunction with the 6th International Electric Veh...
2019-05-10 14:21:49
Danfoss participating in Jeju decarbonization [Equipment]
Today, Danfoss South Korea signed a memorandum of understanding (MOU) with the Shipowners Association of Chuja Island and the Shipowners Association of Offshore Drift Grill Net of Jeju island in conjunction with the 6th International Electric Veh...
2019-05-10 14:12:10
Anadarko agrees to be acquired by Occidental [Offshore]
Anadarko Petroleum Corporation (NYSE: APC) announced that it has entered into a definitive merger agreement with Occidental Petroleum Corporation under which Occidental will acquire all of the outstanding shares of Anadarko for consideration cons...
2019-05-10 10:52:20
Anadarko hinting Mozambique LNG update [Offshore]
Following a meeting Tuesday, the President of Mozambique His Excellency Filipe Nyusi and Anadarko Petroleum Corporation Chairman and CEO Al Walker announced plans for Mozambique LNG to make an important announcement during a celebratory event on ...
2019-05-10 10:48:54
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