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Korea cranked up ship export by 47% in May
[Market Information]
May saw a decline in Korean export due to weak semiconductor sales. Korea Customs Service (KCS) said on June 17 that Korea exported $45.9bn in May, which is a yoy 9.5% decrease. Car (13.5%), ship ( 46.8%), and home appliance (24.0%) marked ...
2019-06-21 16:23:44
HMD is the fastest ship assembler in the world
[Shipbuilding]
Hyundai Mipo Dockyard (HMD) set the world record for ship construction. Sources said that the yard is ready to deliver three 1,809-teu boxships to Korea Marine Transport (KMTC) in two weeks. The shipbuilder had already delivered three ships so...
2019-06-21 14:54:56
STX attracting Greek owners
[Shipbuilding]
Golden Energy Management of Greek shipowner Victor Restis has signed LOI with STX Offshore & Shipbuilding (STX O&S) for up to four MR tanker newbuildings, sources said. TradeWinds reported that two parties are discussing 2+2 50,000-dwt...
2019-06-21 14:43:22
SHI nets partnership with Zvezda
[Shipbuilding]
After a competition with compatriot yards, Samsung Heavy Industries (SHI) finally has scored the partnership with Zvezda Shipbuilding Complex (SSC Zvezda) of Russia for joint development of LNG carriers in Arctic area. TradeWinds reported that...
2019-06-21 14:13:46
Frontline buys resale ships
[Shipping]
Frontline Ltd. (the “Company” or “Frontline”) (NYSE:FRO) is pleased to announce that it has acquired a scrubber-equipped VLCC resale under construction at Hyundai Samho Heavy Industries (“HSHI”) expected to be delivered in May 2...
2019-06-21 10:22:06
KS Energy cancels rig order at ZPMC
[Offshore]
The Board of Directors (the “Board”) of KS Energy Limited (the “Company”, and together with its subsidiaries, the “Group”) refers to the Previous Announcements and the circular to shareholders dated 03 October 2014 in relation to the ...
2019-06-21 10:21:07
ABS to Class First ‘Tri-fueled’ Vessel for Harvey Gulf
[Shipbuilding]
ABS has been selected to class two Offshore Supply Vessels (OSV) being retrofitted with a battery/converter system by Harvey Gulf International Marine. The Harvey Energy will become the first ABS-classed dual fuel and battery vessel and the fi...
2019-06-21 10:17:51
Naval Dome installed advanced security solution
[General]
Naval Dome has adapted its award-winning maritime cyber protection technology for compatibility with port-based systems and naval vessels and rebranded its direct-installation security software to differentiate between the different types of appl...
2019-06-21 08:45:10
Pioneering Spirit lifts Brent Bravo platform
[Offshore]
Allseas’ record-breaking heavy lift and pipelay vessel “Pioneering Spirit” has safely completed the single-piece removal of the 25,000 t Brent Bravo topsides from the North Sea. Completed early Tuesday morning, the operation took approximat...
2019-06-21 08:43:33
VARD taps TMC for Viking Cruises compressors
[Equipment]
VARD has awarded TMC Compressors of the Seas (TMC) to supply the marine compressed air system for two cruise ships the Norwegian shipbuilder is constructing for Viking Cruises. TMC’s scope of work is to deliver a complete marine compressed a...
2019-06-21 08:42:55
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