- — DSME eyes bumper Q4, likely to meet annual order target for this year
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at 10/23/20 3:00pmSouth Korea’s Daewoo Shipbuilding & Marine Engineering (DSME) is expected to meet its annual order target thanks to a winning streak in the second half. DSME reportedly is near signing a contract with Japanese shipping firm Iino Lines to build one 91,000-cubic-meter Very Large Gas Carrier (VLGC) plus an option to build another VLGC vessel, ...
The post DSME eyes bumper Q4, likely to meet annual order target for this year first appeared on Hellenic Shipping News Worldwide.
- — DSME Receives ABS AiP for Floating Storage Power Plant Design
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at 10/21/20 11:00amABS has granted Approval in Principle (AiP) to Daewoo Shipbuilding & Marine Engineering (DSME) for an innovative floating storage power plant LNG cargo handling system. The system is designed as an all-in-one energy supply facility that can receive, store and regasify LNG, then generate and supply electricity and natural gas at the same time. A ...
The post DSME Receives ABS AiP for Floating Storage Power Plant Design first appeared on Hellenic Shipping News Worldwide.
- — India: Customs duty, cargo support to be used to boost local shipbuilding, repairs
- at 10/20/20 3:00pm
The government plans to use a mix of duty restrictions on small vessel imports and the prevailing cargo support policy in a multi-pronged strategy to grow the local shipping, ship building and repairs industry. The Customs duty paid on the import of vessels will be fully refunded if the vessel is replaced by a new ...
The post India: Customs duty, cargo support to be used to boost local shipbuilding, repairs first appeared on Hellenic Shipping News Worldwide.
- — GTT: Information about the KFTC investigation
- at 10/20/20 3:00am
As part of the investigation concerning GTT’s commercial practices with the Korean shipyards, the Korea Fair Trade Commission announced on Saturday that a hearing of the case is scheduled on October 21st 2020. This follows the issuance from the Korea Fair Trade Commission of a confidential Examiner Report. The Examiner Report sets out the preliminary ...
The post GTT: Information about the KFTC investigation first appeared on Hellenic Shipping News Worldwide.
- — DSME Books 2 Tril. Won Order for 6 LNG Carriers from European Client
- at 10/20/20 3:00am
Daewoo Shipbuilding & Marine Engineering (DSME) has recently won a two-trillion-won order for six LNG carriers. The latest order, which is valued at 2.03 trillion won, was placed by a European client. It is the largest single order for the Korean shipbuilding industry in 2020. The order elevated DSME’s cumulative order achievement rate from 21 ...
The post DSME Books 2 Tril. Won Order for 6 LNG Carriers from European Client first appeared on Hellenic Shipping News Worldwide.
- — Mitsubishi Shipbuilding receives BV approval for new LNG fuel system
- at 10/19/20 3:00pm
Mitsubishi Shipbuilding Co., Ltd., a part of Mitsubishi Heavy Industries (MHI) Group, has been granted a new approval in principle (AIP) *1 by Bureau Veritas (BV), a world leader in testing, inspection, and certification. The approval is for a liquefied natural gas (LNG) fuel gas supply system (FGSS) for marine four-stroke dual fuel engines*2. The ...
The post Mitsubishi Shipbuilding receives BV approval for new LNG fuel system first appeared on Hellenic Shipping News Worldwide.
- — Damen signs with Vletterlieden for multi-purpose Stan Tug 1004
- at 10/19/20 3:00pm
Damen Shipyards Group has recently signed a contract with Corps van Vletterlieden for a Stan Tug 1004. The company will use the Stan Tug for a wide range of tasks, including mooring, supply, crew transfer and diving support, in the Port of IJmuiden in the north of the Netherlands. Having signed the contract on October ...
The post Damen signs with Vletterlieden for multi-purpose Stan Tug 1004 first appeared on Hellenic Shipping News Worldwide.
- — DG Shipping to be the national authority for ship recycling
- at 10/18/20 3:00pm
The Central government has notified the Director General of Shipping as the national authority for recycling of ships under the Recycling of Ships Act, 2019. The national authority of ship recycling will be set up in Gandhinagar, Gujarat. The location of the office will benefit the ship recycling yard owners situated in Alang, Gujarat which ...
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- — Samsung Heavy Industries: Artic LNG Orders Missed
- at 10/16/20 3:00pm
SHI’s sluggish order performance continued in 3Q20. While losses are believed to have narrowed in 3Q20, it is yet too early to confirm overall business environment improvement. Investor patience is required until 2Q21, when Qatar LNG-related orders are anticipated. Maintain Hold: Order performance still weak SHI’s 2020 YTD orders total only US$1bn (-76% y-y). Of ...
The post Samsung Heavy Industries: Artic LNG Orders Missed first appeared on Hellenic Shipping News Worldwide.
- — Korea Shipbuilding & Offshore Engineering clinches W140b of orders
- at 10/16/20 11:00am
Korea Shipbuilding & Offshore Engineering, the shipbuilding holding company of Hyundai Heavy Industries Group, announced Friday that the company has secured 140 billion won of new deals from overseas companies. The Korean shipbuilder plans to deliver a 40,000 cubic-meter liquid petroleum gas carrier to a Singaporean firm and two product carriers to its Liberian contractor, ...
The post Korea Shipbuilding & Offshore Engineering clinches W140b of orders first appeared on Hellenic Shipping News Worldwide.
- — DG Shipping notified as National Authority for Recycling of Ships
- at 10/15/20 3:00pm
The government has notified Director General of Shipping as National Authority for Recycling of Ships, an official statement said on Thursday. DG Shipping is designated as apex authority under the Recycling of Ships Act, 2019 for the ship recycling industry of India and the office of the national authority will be set up in Gandhinagar, ...
The post DG Shipping notified as National Authority for Recycling of Ships first appeared on Hellenic Shipping News Worldwide.
- — Bracing for an oil and gas spending rebound in 2021, Chinese yards outcompete Asian rivals on costs
- at 10/15/20 3:00pm
Offshore investments are expected to rebound from 2021 and oil and gas operators will be looking for yards to build new facilities, with 40% of these contracts expected to be floating production storage and offloading (FPSO) units in the next five years. While higher, budgets will be quite cost-wary and among Asian rivals, Chinese yards ...
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- — Bracing for an oil and gas spending rebound in 2021, Chinese yards outcompete Asian rivals on
- at 10/15/20 3:00pm
Offshore investments are expected to rebound from 2021 and oil and gas operators will be looking for yards to build new facilities, with 40% of these contracts expected to be floating production storage and offloading (FPSO) units in the next five years. While higher, budgets will be quite cost-wary and among Asian rivals, Chinese yards ...
The post Bracing for an oil and gas spending rebound in 2021, Chinese yards outcompete Asian rivals on first appeared on Hellenic Shipping News Worldwide.
- — DSME expected to sign on $1-bn wind turbine installation vessel contract
- at 10/15/20 3:00am
South Korea’s Daewoo Shipbuilding & Marine Engineering (DSME) is expected to sign on a contract worth up to $1 billion with Monaco’s Scorpio Bulkers Inc. to build offshore wind farm vessels within this year. After DSME and Scorpio Bulkers in July signed a letter of intent for a wind turbine installation vessel construction contract, sources ...
The post DSME expected to sign on -bn wind turbine installation vessel contract first appeared on Hellenic Shipping News Worldwide.
- — Bright outlook at Gibdock as bookings remain solid
- at 10/15/20 3:00am
Ship repair activity at Gibdock has continued to be rock solid, despite uncertainties through the first three quarters of 2020 relating to Covid-19 and Brexit. Occupancy levels remain high, contracts continue to be agreed and scheduled dry dockings are already booked into 2021, the Gibraltar-based yard reports. “The outlook is set fair,” says Richard Beards, ...
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- — Keppel strengthens offerings in gas solutions with delivery of its first LNG carrier
- at 10/14/20 3:00pm
Keppel Offshore & Marine (Keppel O&M) has successfully delivered its first newbuild Liquefied Natural Gas (LNG) carrier, Avenir Advantage to Avenir LNG Limited (Avenir LNG). The LNG carrier also functions as an LNG bunkering vessel (LBV), making it the first in South East Asia to do so. It is the first of two such vessels ...
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- — Seven people linked to shipbuilding firm Keppel Fels charged with corruption offences
- at 10/14/20 3:00pm
Seven people linked to Singapore shipbuilding firm Keppel Fels were charged with multiple corruption-related offences on Wednesday (Oct 14) morning. Alvin Lim Wee Lun,40, who was working as a yard manager at Keppel Fels, was charged with 46 counts of conspiring with two other individuals to obtain bribes to advance the business interests of multiple ...
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- — Occupational safety of ship breaking workers
- at 10/14/20 3:00am
Traumatic deaths and injuries have become part of the work life of the ship breaking workers in Sitakunda. By dismantling around 47.20 per cent of world vessels, Bangladesh became the world’s top destination for retired ships. A report ‘Review of Maritime Transport 2019′ by the United Nations Conference on Trade and Development (UNCTAD) revealed that ...
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- — DSME Clinches US$1.8 Bil. Order for 6 LNG Carriers from European Client
- at 10/13/20 3:00pm
Daewoo Shipbuilding & Marine Engineering (DSME) has been awarded an order to build six liquefied natural gas (LNG) carriers valued at US$1.8 billion. DSME announced on Oct. 12 that it has received the order from a European shipping company, without disclosing its name. Industry insiders say that the client is highly likely to be Novatek, ...
The post DSME Clinches US.8 Bil. Order for 6 LNG Carriers from European Client first appeared on Hellenic Shipping News Worldwide.
- — Damen Fast Crew Supplier 2710 receives an approval in principle from ABS
- at 10/13/20 7:00am
Damen Shipyard’s Group Fast Crew Supplier 2710 has received an approval in principle from ABS. This is an important step towards Damen’s next generation CTV (Crew Transfer Vessel) being used to support the developing US offshore wind industry. To achieve the approval, Damen has modified the design of its standard FCS 2710 to meet the ...
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- — Korea’s shipbuilding industry picks up thanks to Greece
- at 10/12/20 3:00pm
On recent orders from Greek shipping companies, South Korea’s shipbuilding industry regained the No. 1 spot from China in the third quarter of this year, data showed. According to UK-based market research firm Clarksons Research, Greece placed orders for 18 ships worth 589,421 compensated gross tonnage from Korean shipbuilders this year, accounting for 20.7 percent ...
The post Korea’s shipbuilding industry picks up thanks to Greece first appeared on Hellenic Shipping News Worldwide.
As of 10/26/20 12:51am. Last new 10/23/20 3:39pm.
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