DSME shows gain in 1H [Shipbuilding]
Daewoo Shipbuilding & Marine Engineering (DSME) announced through a regulatory filing on August 14 that the Korean shipbuilding heavyweight has made surplus for six consecutive quarters (on a consolidated basis). From January to June this ...
2019-08-14 16:29:14
Japan tripled ship completed in July [Shipbuilding]
Japanese shipbuilders were awarded 16 vessels of a combined 557,000m gt (270,000m cgt) for exports in July 2019, down by 4.7% year-on-year in gt terms. By ship type, the newbuilds include 15 bulkers and one tanker.   According to the Japan...
2019-08-14 16:11:17
Concerns raised for suppliers after HHI's DSME acquisit... [Shipbuilding]
The acquisition of Daewoo Shipbuilding & Marine Engineering (DSME) by Hyundai Heavy Industries (HHI) might endanger the Korean marine equipment manufacturers, said some industry officials at a debate.   The policy discussion was held o...
2019-08-14 15:36:35
US shipowner Diamond want to rebuild MR fleet [Shipbuilding]
Connecticut based shipowner Diamond S Shipping is planning to renew its MR product carrier fleet.   Company CEO Craig Stevenson recently commented in the Q2 earnings call that the full-fledged renewal would start in this year at the latest...
2019-08-14 14:43:51
"Recovery would come gradually" [Shipbuilding]
A prediction came out that the recovery of the global shipbuilding industry would be rather gradual than explosive.   Clarksons CEO Andi Case said that increasing rates would, in turn, increase investors' interest in the shipping market. ...
2019-08-14 14:26:54
Fast-ferry builders choose MAN engines [Equipment]
Prominent Australian shipbuilders, Austal and Incat Tasmania, have ordered a total of eight MAN 16V28/33D STC engines in connection with the decision of the Government of the Republic of Trinidad & Tobago to build one fast ferry at each yard....
2019-08-14 10:24:41
Fredriksen ties with Trafigura for bunkering [Shipping]
John Fredriksen's Frontline Ltd. ("Frontline") (NYSE and OSE: FRO) and Golden Ocean Group Limited (“Golden Ocean”) (NASDAQ and OSE: GOGL) (together, the “Companies”) today announced that they have entered into a non-binding term sheet agr...
2019-08-14 10:23:39
COOEC-Expro form riserless well intervention alliance [Offshore]
China based offshore and subsea solutions company, COOEC Offshore, has formed an alliance with international oilfield services company, Expro. The formal exclusive agreement allows both companies, which are already globally recognised as safe ...
2019-08-14 09:10:13
Mermaid bags subsea deals in ME and Asia regions [Offshore]
Mermaid Maritime Public Company Limited (“Mermaid”) announced that its Middle East and South East Asian business units have recently been awarded subsea contracts with a combined total estimated potential contract value of USD 7.4 million. ...
2019-08-14 08:46:27
Thordon updated seal installation requirements [Equipment]
Thordon Bearings has updated its TG100 seal installation requirements to facilitate cost-effective installation at all shipyards with the release of new instructional videos. Shipyard staff can quickly and easily install the state-of-the-art seal...
2019-08-14 08:43:46
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