Analyst: Concerns over DSME undue （2015-04-25）
Daewoo Shipbuilding & Marine Engineering is now the star performer among South Korea's Big Three shipbuilders and concerns over its earnings are undue, said an analyst. Samsung Securities analyst Han Young-soo based his report on a recent visit to the Okpo-based DSME to check on its recent performan... |
MHI wins JX Ocean LPG order （2015-04-15）
Japanese shipbuilder Mitsubishi Heavy Industries has won an order for an LPG carrier from returning compatriot shipowner JX Ocean, which will be built at its Nagasaki shipyard. The 83,000m³ vessel will have an overall length of 230m, beam of 36.6m, depth of 21.65m and is scheduled for delivery in Ju... |
Ocean Yield buys eight chemical tankers （2015-04-02）
Norwegian-listed Ocean Yield says it has agreed to acquire eight chemical carriers for a total of USD307.8 million. At the same time, the investment company has signed 15-year ‘hell and high’ bareboat charters [meaning hire is payable unconditionally] to Navig8 Chemical Tankers. “The first four vess... |
Japanese banks to finance 'K' Line LNG carrier （2015-03-24）
The Japan Bank for International Cooperation (JBIC), Mizuho Bank and Mitsubishi UFJ Trust, and Banking Corporation will provide USD125 million to finance an LNG carrier that Kawasaki Kisen Kaisha (‘K’ Line) is building. ‘K’ Line, Japan’s third biggest shipping company, ordered the LNG carrier at Mit... |
Wärtsilä launches new series of LNG carrier design （2015-03-20）
Wärtsilä has launched a new series of LNG carrier ship designs, a statement of the company said. This series of designs is the latest addition to Wärtsilä's ship design portfolio and an important part of the company's strategic programme themed 'Taking Merchant Shipping into the Gas Age'. The series... |
Franbo Lines' revenue up 32.57% in February （2015-03-12）
Taipei-listed bulk carrier Franbo Lines on 11 March posted a revenue of TWD57 million (USD1.8 million) for this February, up 32.57% year on year (y/y). Its revenue for the first two months of 2015 totalled at TWD120 million, a 14.11% increase y/y. Franbo Lines stated that the drop of Baltic Dry Inde... |
Wintermar to postpone AHTS deliveries （2015-03-11）
Indonesian offshore support vessel owner Wintermar Offshore Marine announced on 11 March that it has postponed the delivery of two out of three anchor handling tug supply (AHTS) ships. The company said the decision was due to the oil shock that has forced oil companies to cut back on exploration and... |
KEXIM to fund HMM's KEPCO Capesizes （2015-03-10）
A fund created by the Export-Import Bank of Korea (KEXIM) will provide financing for four Capesizes that Hyundai Merchant Marine (HMM) is building for an 18-year consecutive voyage charter to Korea Electric Power Company (KEPCO). In mid-2013, HMM had formed a consortium with Pan Ocean to bid for the... |