Korea's 1H ship exports see 2.2% up [Market Information]
It turned out that Korea posted exports of $44.18bn last June, down by 13.5% year-on-year, and imported goods and services worth $40.01bn, representing a 11.1% y-o-y downturn. As a result, the country achieved the 89th consecutive profitable mont...
2019-07-05 16:30:29
China: April recovery weakened in May [Market Information]
The China Association of the National Shipbuilding Industry (CANSI) has recently released statistics on business results domestic shipbuilding industry posted for the first five months of 2019. The data said May’s order intake was improved comp...
2019-07-05 16:30:10
Worker lost life at New Times [General]
A worker died at New Times Shipbuilding. Sources reported on July 5 that three workers, who were setting scaffolds, fell to the ground. A worker, who was severely injured, died in hospital, and the other two are also injured. It was reported t...
2019-07-05 16:22:15
Former CSIC GM got 12 years in prison [General]
Shanghai No 1 Intermediate People’s Court sentenced former CSIC General Manager Sun Bo to 12 years in prison, for bribery and abuse of power. He had been under investigation on suspicion of leaking data of China’s first carrier, and sources s...
2019-07-05 16:05:21
NYK named as the 'greenest liner' [Shipping]
Environment research group CDP recently listed and ranked the business readiness for a low-carbon transition of 18 biggest liners in the world. Among 18 companies whose market cap reaches a total of $62bn, NYK of Japan claimed the top placed, ...
2019-07-05 15:29:07
JP Morgan behind four TKs at HMD [Shipbuilding]
Sources said that JP Morgan is behind four 25K types 2 chemical tankers ordered at Hyundai Mipo Dockyard (HMD). Speculations had said in May that Dubai’s Tristar Group placed the order through its subsidiary, Eships. TradeWinds reported that...
2019-07-05 15:08:26
Ulsan delegates visited CIP at Denmark [Offshore]
Ulsan trade mission led by Mayor Song Cheol-ho visited the port facility at Esbjerg Municipality, and CIP headquarter in Denmark during June 28-29. The delegates visited the port and massive offshore wind farm there on June 28 before they have...
2019-07-05 14:49:39
EIB support RoPax newbuilding [Finance]
The European Investment Bank has signed a EUR 70 million loan with Kvarken Link Oy, a special purpose vehicle jointly owned by the municipalities of Umeå in Sweden and Vaasa in Finland, to acquire a new ferry to transport passengers and vehicles...
2019-07-05 10:20:58
Boskalis floats Carnival cruise with BOKA [Shipbuilding]
Royal Boskalis Westminster N.V. (Boskalis) has been awarded a contract by Carnival Cruise Line to lift cruise ship Carnival Vista out of the water onto the BOKA Vanguard and transport it to a shipyard facility for a dry docking operation. This is...
2019-07-05 10:17:36
Inmarsat introduces two new satellites [Shipping]
Inmarsat, the world leader in global mobile satellite communications, is to introduce two new satellite payloads dedicated to the Arctic region in a partnership with Space Norway, and its subsidiary Space Norway HEOSAT. The new Global Xpress (...
2019-07-05 08:25:06
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