53% upturn in Korean NB deliveries [Market Information]
It emerged that a total of global shipyard output from January to July 2019 stood at 821 vessels of a combined 59.7m dwt (19.8m cgt), representing a 13% year-on-year upturn in dwt terms.  For the first seven months this year, according to...
2019-09-20 16:09:30
Samkang M&T quotes non-compliance in Iran [General]
Samkang M&T announced on September 19 that the construction and fabrication for ISOICO (Iran Shipbuilding & Offshore Industries Complex Co) worth KRW444.9bn have not take place. “The expiry date has arrived before an agreement is mad...
2019-09-20 15:53:52
VLEC market on growth track [Shipbuilding]
In addition to ever growing LNGC and VLGC market, the market for Very Large Ethane Carrier (VLEC) is also emerging on horizon. At Gastech 2019 event in Houston, Texas, ABS reported that up to 40 units of VLEC newbuildings may emerge in a year....
2019-09-20 15:15:15
SHI might win another FPSO in the year [Offshore]
Among three bidders in the FPSO tender for Bonga South West-Aparo (BSWA) Samsung Heavy Industries (SHI) is being pointed out as potential winner thanks to its local JV yard and manufacturing base. Sources said that Royal Dutch Shell has receiv...
2019-09-20 14:58:22
Jiangnan adds three DF VLGCs [Shipbuilding]
Tianjin Southwest Maritime (TSM) has ordered three additional newbuildings of dual fuel VLGC at Jiangnan Shipyard. A source said that TSM had ordered 1+1 86,000-cbm VLGCs earlier this year, and exercised the option in August. TradeWinds and...
2019-09-20 13:54:45
Wärtsilä foresees a lower result for 2019 [Equipment]
In the Wärtsilä Half Year Report, demand was expected to be soft for both the Marine and the Energy business. However, order intake in the third quarter has been weaker than expected. The group has undertaken a review of the major projects w...
2019-09-20 10:24:09
Smit Lamnalco to work on Coral Sul FLNG [Offshore]
Smit Lamnalco secured a 10-year fixed term contract with Coral FLNG to provide integrated marine services to the first Mozambique and worldwide deepwater Floating Liquefied Natural Gas (FLNG) facility, the Coral Sul FLNG, now under construction w...
2019-09-20 09:02:27
Kongsberg provides equipment to megayacht [Equipment]
Valued at more than NOK 190 million, KONGSBERG’s most extensive ‘Full Picture’ delivery for an expedition cruise ship, Innovation, also encompasses the supply and integration of propulsion equipment including the new ELegance azimuth pod sy...
2019-09-20 09:00:33
IMI sings VLCC order with HHI and Bahri [Shipbuilding]
International Maritime Industries (IMI) announced today they had signed a Vessel Purchase Agreement (VPA) with Bahri, a global leader in logistics and transportation and a subsequent sub-contract agreement with long-term partners Hyundai Heavy In...
2019-09-20 08:58:24
LNG-fueled tug undergoes LNG Bunkering in Kobe [Shipping]
Mitsui O.S.K. Lines, Ltd. (MOL; President & CEO: Junichiro Ikeda) announced that it has participated in the LNG bunkering trial at the Port of Kobe today, organized by the Kobe City Port and Harbor Authority, and carried out bunkering on the ...
2019-09-20 08:57:28
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