This is how a decade changed global orderbook
The global shipbuilding orderbook has changed drastically in the past 10 years, according to Clarksons. Clarksons reported that as of the beginning of April, the global orderbook has 3,202 units of 81.2m gt of ships, which is the lowest since ...
Damen Shipyards Group reports net loss for 2018
Damen Shipyards Group has posted a net loss of 17 million euro for 2018. This is the first time in 15 years that the Dutch shipbuilder has announced losses. Damen reports that its financial situation stems from a sustained period of difficulty in...
Japan objects to HHI-DSME deal
Japanese shipbuilding industry has stated its objection to Hyundai Heavy Industries' (HHI's) acquisition of Daewoo Shipbuilding and Marine Engineering (DSME). Yasuhiko Katoh, Chairman of the Japan Shipbuilders' Association (SAJ), had a press b...
Radiance to invest $2bn in Pakistani shipping
Global Radiance Group, a shipbuilding and marine service outfit of Singapore, has decided a $2bn investment on the shipping and shipbuilding industries of Pakistan. Sources quoted Abdul Lateef Siddiqui, Managing Director of the group, saying t...
China too wants some share of the LNG pie
Shandong Marine Energy, a sister company of Shandong Shipping, is poised to enter the LNG business with the backing of Korean and Japanese companies. Sources told that Bao Jianying, Chairman of Shandong Marine Group, recently met Lee Seong-geu...
ICBCFL orders 81K BC quartet
ICBC Financial Leasing (ICBCFL), an affiliate of the Industrial and Commercial Bank of China (ICBC), seems to have ordered four Kamsarmax bulkers from its compatriot shipbuilder. According to broker industrial source and foreign press, ICBCFL ...
Branding 'Korean e-navigation' goes on
The Korean Register of Shipping (KR) pushes ahead with the 'Korean e-navigation' project from 2016 to 2020 with the budget of KRW 130.8bn (approximately $115m), with the goal of strengthening Korean marine traffic safety by introducing e-navigati...
HHI Group trio's new orders tumbled by half
The three shipbuilding affiliates of Hyundai Heavy Industries (HHI) Group saw a sharp year-on-year decrease in new orders they won in the first quarter. From January to March this year, HHI was awarded new orders worth $666m, down by 33....
Hyundai LNG Shipping orders VLGC at HHI
Hyundai LNG Shipping Company (HLS, the Company), South Korean owner of 10 LNG Carriers, has placed an order at Hyundai Heavy Industry for the construction of 1+1 84,600cbm Very Large Gas Carrier(VLGC). The vessel will be delivered in 3Q 2020 f...
European yards started 'Code Kilo'
Major European yards has started 'Code Kilo,' a project to develop a digital platform for yards to share vessel information. The project is being developed by EUROYARDS, a group of Chantiers de l’Atlantique, Naval Group, Damen Shipyards Grou...
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