Korea received the second largest orders in April [Market Information]
The Korean shipbuilding industry followed China’s lead (64%) in April’s shipbuilding order intake with 23% of the market share. Clarksons Research reported that among 1.21m-cgt (40 units) of newbuildings ordered in April 2019, China took 7...
2019-05-17 16:01:29
Navios exercised VLCC option at Imabari [Shipbuilding]
Tanker operator Navios Maritime Acquisition, led by Angeliki Frangou, has exercised a newbuilding option for a 310,000-dwt VLCC it held at Imabari Shipbuilding. TradeWinds and other sources reported that the delivery would take place in 2021. ...
2019-05-17 15:51:03
HHI appealed for support for DSME acquisition [General]
HHI (Hyundai Heavy Industries) is promoting its decision of physical division and the acquisition of DSME (Daewoo Shipbuilding & Marine Engineering) in Ulsan local communities. The company stated that it is distributing promotion materials...
2019-05-17 15:12:58
HHI union fires 2019's first strike [General]
HHI branch of the Korean Metal Workers' Union (KMWU) started a strike on May 16 to express opposition to the management's physical division plan. On the day, HHI union conducted a 4-hour partial strike, organizing a rally in front of HHI's Uls...
2019-05-17 14:37:40
SHI got a legal blow in UK [General]
SHI (Samsung Heavy Industries) announced on May 16 through a regulatory filing that a London arbitration court ordered it to compensate a total of $180m to Ensco Global IV Ltd. SHI had delivered a new drillship (DS-5) in 2011, which it had won...
2019-05-17 13:45:27
SBM Offshore 1Q result posted [General]
SBM Offshore posted its first quarter results on May 16. Bruno Chabas, CEO of SBM Offshore, commented: “SBM Offshore’s performance over the first quarter of 2019 has been on target and our guidance for the full year remains unchanged. O...
2019-05-17 10:23:11
J-ENG and NYK cooperate for biofuel research [Equipment]
Japan Engine Corporation (J-ENG) has announced to cooperate with NIPPON YUSEN KAISHA (NYK Line) to start the research and development of biofuel using a test engine as one of solutions for decarbonization. The biofuel is a fuel derived from or...
2019-05-17 10:19:57
MAN Energy Solutions nets major service agreement [Shipping]
MAN Energy Solutions, Hong Kong has signed a service agreement with Pacific Basin Shipping covering field, workshop and technical services on MAN main engines, generators and turbochargers aboard 111 dry-bulk ships. All of the vessels involved ar...
2019-05-17 08:51:39
MHI names new LNG carrier [Shipbuilding]
Mitsubishi Shipbuilding Co., Ltd., a Group company of Mitsubishi Heavy Industries, Ltd. (MHI) based in Yokohama, held a christening ceremony on May 14th for a next-generation LNG (liquefied natural gas) carrier under construction for TRANS PACIFI...
2019-05-17 08:51:02
Helsinki shipyard acquisition to be finalized in May [Shipbuilding]
The acquisition of Helsinki shipyard will be finalized in May. The parties have agreed on the terms of the transaction on May 9th. In preparation for the closing, Arctech Helsinki Shipyard Oy (AHS) establishes a new company, Helsinki Shipyard ...
2019-05-17 08:50:34
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