Wartsila on Friday reported a 51% drop in quarterly operating profit, as demand for its ship technology and power plants slumped due to the coronavirus outbreak
EU antitrust regulators have again halted their investigation into world No. 1 shipbuilding group Hyundai Heavy Industries’ merger with Daewoo
Seoul - Samsung Heavy Industries (SHI) is developing innovative methods to facilitate smart shipping by undertaking thorough research across their multiple research centres in Geoje, Daeduk and Pangyo in Korea. According to a statement issued by the company, the aim is not only to transform Samsung's shipyard at Geoje into a smart shipyard
Tel Aviv - Israel Shipyards announced July 9 the delivery of two OPV-45 Offshore Patrol Vessels to an African navy. The agreement to supply the ships was signed in order to provide significant protection against the increasing threat of piracy in the region. The agreement includes ongoing support and training of the technical and operational teams
Seoul - Global new orders of ships fell to a historic low in the first half of the year amid the coronavirus pandemic, industry sources said Tuesday. In the January-June period, global new shipbuilding orders totaled 5.75 million compensated gross tons (CGTs)
Seoul - South Korea’s Hyundai Heavy Industries Co. said on Tuesday that it will merge shipbuilding and offshore & engineering divisions to streamline its mainstay business to survive coronavirus pandemic that has dampened global demand. According to the world’s largest shipbuilder, it will merge its shipbuilding and offshore operations July 1
Seoul - Daewoo Shipbuilding & Marine Engineering (DSME) announced on June 8 that it has won an order for two 360,000-square-meter LNG-barges from a Russian client for about 901.3 billion won. An LNG-barge is a floating LNG terminal in the sea. It is a facility that receives and stores LNG from icebreaking LNG carriers at sea and unloads it onto regular LNG carriers
Dubai - There has been a slow and cautious easing of restrictions in ship recycling sectors across the Indian subcontinent markets as certain yards get back to work in Alang and a few vessels waiting for special permissions in Bangladesh have finally been allowed to beach this week.
Hamburg will be much less busy this September after it was announced that SMM, the leading international maritime trade fair, has been postponed to 2-5 February 2021 in response to the coronavirus pandemic and its global impact
Seoul - South Korea ranked second to China in terms of shipbuilding orders for the second straight month, industry data showed Wednesday. Daewoo Shipbuilding & Marine Engineering Co. and others won orders totaling 230,000 compensated gross tons (CGTs) to build eight ships in April, trailing far behind Chinese shipbuilders that bagged 730,000 CGTs in orders to build 38 vessels
German shipyard Meyer Werft’s Finnish subsidiary on Tuesday started statutory talks to lay off up to 450 of its roughly 2,000 employees because of a hit to business from the coronavirus pandemic
Genova - Several of Europe’s leading shipbuilders have announced plans to slowly resume operations after more than a month of disruptions. During the peak of the coronavirus, shipbuilders in Italy, France, Spain, and Germany were each forced to suspend operations
Trieste - Vard signed a new contract for the design and construction of one Service Operation Vessel (SOV) for Ta San Shang Marine, a joint venture between MOL and Ta Tong Marine (TTM)
Seoul - Korean shipbuilders are reportedly outrun by Chinese rivals in a race to win a 1.35-trillion-won order for six 23,000-TEU super-large container carriers from German shipping company Hapag-Lloyd. Chinese shipbuilders beat technologically superior Korean competitors with advanced technology
Bruxelles - European shipbuilding and ship equipment association SEA Europe is calling for government aid to help the industry weather the COVID-19 downturn, citing temporary shutdowns, order cancellations - particularly for new cruise ships - and project delays
These vessels are scheduled to be delivered from mid-2022. This deal is considered to be amongst Yangzijiang’s largest orders in value, according to the group’s CEO Ren Letian
Milano - Italian shipyard Fincantieri has not offered any concessions to head off EU antitrust concerns about its planned bid for France’s Chantiers de l’Atlantique, giving regulators no choice but to block the deal, people familiar with the matter said last week. A veto by European Competition Commissioner Margrethe Vestager would deal a serious blow to Italy
Seoul - China, Japan and Singapore are pushing for mergers in the shipbuilding industry with a business combination review going on for Hyundai Heavy Industries and Daewoo Shipbuilding & Marine Engineering, which are the two largest shipbuilders in the world
Marzo mese di refitting, saranno ben 5 le navi da crociera che entreranno in bacino questo mese per rifarsi il look. Per qualcuna sarà solo un leggero lifting, mentre per altre l’intervento sarà più invasivo e richiederà un fermo nave di diverse settimane
French global defense contractor Naval Group has had a 3 billion euros of order intake in 2019, +44% compared to 2018, including 3 billion internationally, taking the order book to 15 billion euros
EU antitrust regulators have set a new July 9 deadline for their decision on world No. 1 shipbuilding group Hyundai Heavy Industries’ $1.8 billion merger with Daewoo
Global ship deliveries have been hit as yards in China struggle to get fully back to work as a result of the coronavirus outbreak, with one shipbuilder saying it could not deliver two vessels
Danish-based consultancy Knud E. Hansen has designed a 212-metre RoPax ferry with a large battery bank to power it while dockside, allowing for zero emissions in port. The vessel can transport up to 700 passengers and 390 cars
Samsung Heavy Industries Co., a major shipyard in South Korea, had its net losses widened in the fourth quarter from a year earlier due to one-off costs
The technology group Wärtsilä has been selected to provide the complete system design and full equipment scope for two new 9300 DWT self-discharging bulk carriers featuring hybrid propulsion
Croatia's DIV Group, which owns the Brodosplit shipyard in Split, is set to buy Kleven Verft, a Norwegian shipbuilding company specializing in the construction of offshore and cruise vessels
The technology group will supply Chantiers de l‘Atlantique, France, a comprehensive package of integrated solutions designed to support and enhance the efficiency and environmental sustainability of two cruise vessels
Dutch shipyard Damen made the only feasible offer to build Germany’s new multi-role warship MKS 180 in an alliance with its Bremen-based partner Luerssen
Deliveries to Hong Kong soared around 375 percent in 2019 compared with 2018. Singapore was another important market for local shipbuilders as their sales to the city state stood at $38.8 million
The combined target of Hyundai Heavy Industries Co., Hyundai Samho Heavy Industries Co. and Hyundai Mipo Dockyard Co. remains unchanged from last year.
Hyundai Mipo Dockyard said in a regulatory filing that it aims to clinch deals worth $3.65 billion this year
Italian state-owned shipbuilder Fincantieri (FCT.MI) won a contract worth approximately $1.3 billion from the U.S. Navy to build four ships for Saudi Arabia
South Korea's top shipyard Hyundai Heavy Industries Group told Yonhap news agency that its two affiliates have clinched two deals worth 340 billion won (262,6 million euros) in total to build six vessel
All six vessels will be capably capable of transporting 174,000 cubic meters of LNG, and will be delivered to the respective owners starting from the second half of 2022
Shanghai - Design aims to maximize capacity with aft-mounted membrane fuel tank
Genoa - The shiplift is a submersible platform that allows the maxi yacht to be lifted from the water and moved to the ground in the yard with a system of trolleys on rails and completed by 5 workstations.
Islamabad - The steel cutting ceremony of two warships being built for Pakistan Navy in China was held at Hudong Zhonghua (HZ) Shipyard on Saturday, says to a press released by the Pakistan Navy’s Directorate General Public Relations. The two warships are the Type 054 A/P frigates
Geoje - Park Chol-hee was working a holiday shift at Samsung Heavy Industries’Geoje shipyard on Labor Day in 2017 when a giant crane collided with another and crashed to ground, killing six people, including Park’s younger brother
Shanghai - Fabrizio Ferri, CEO of the Chinese branch of Fincantieri in Shanghai, has won the Magnolia Silver Award for his contributions to the city’s booming cruise liner industry. Fincantieri and China State Shipbuilding Corporation joined forces to build the first big cruise ship in China dedicated to Chinese passengers
Ho Chi Minh - A typical modern LNG ship is approximately 300 meters long, 43 meters wide and has a draft of about 12 meters, according to The International Group of Liquified Natural Gas Exporters (GIIGNL)
Henderson - Global shipbuilder Austal has entered the new fiscal year with a $4.9 billion order book, up from $3 billion last year, with 58 vessels under construction or scheduled. Austal chief executive David Singleton called it the aluminium shipbuilder’s best year ever
Trieste - The launching ceremony of “Silver Moon”, the second of three new ultra-luxury cruise ships that Fincantieri is building for Silversea Cruises took place yesterday at the Ancona yard. The vessel will enter the ship owner’s fleet in 2020
Seoul - These vessels will be delivered by January 2022.
La Spezia - Intermarine, a subsidiary of the industrial group IMMSI, announces that it has been delivered to the Italian Navy an UNPAV unit (High Speed Multi-Purpose Vessel), called “Angelo Cabrini”. The ship, delivered in line with the timing of the schedule is the first of a wide multiple order consisting of two units
Seoul - Saudi Arabian tanker giant Bahri is set to order very large crude oil carriers (VLCCs) from a large-scale shipyard being developed in the King Salman Complex by International Maritime Industries (IMI) at Ras Al-Khair, with the vessels being built at the dockyard of Hyundai Heavy Industries (HHI) in South Korea
Dubai - The ongoing (and seemingly unending) decline being witnessed in the sub-continent markets showed no signs of slowing this week, with some truly pitiful performances seen from all locations. An analysis by GMS
Istanbul - Data compiled from the Transport and Infrastructure Ministry reveal that Turkey has taken significant, eye-catching steps in maritime transport, a strategic sector for global trade. One of the important initiatives was the revival of maritime transport with the removal of excise duty
Seoul - The five local banks exposed to the troubled Hanjin Heavy Industries and Construction Philippines (HHIC-Phil) are exploring a two-pronged approach to recoup their funds, an official from Rizal Commercial Banking Corp. (RCBC) said.
Seoul - Daewoo Shipbuilding & Marine Engineering Co., a major South Korean shipyard, said Thursday it has secured an order to build a very large crude carrier (VLCC) for an Omani shipper.
Genoa - Fincantieri and Naval Group signed the Alliance Cooperation Agreement, which sets out the operational terms for the incorporation of a 50/50 owned joint venture.
Oslo - South Korea and Norway have agreed to strengthen ties in hydrogen energy and shipbuilding areas with the summit between the two countries’ heads of state serving as an opportunity to pursue future partnerships.
Seoul - As previously reported, Hyundai’s affiliate Hdac Technology operates the HDAC Coin cryptocurrency and recently announced it would commercialize a new blockchain-as-a-service (BaaS) solution
Moscow - “The Ural together with its sisters are central to our strategic project of opening the NSR to all-year activity,” Alexey Likhachev, Rosatom’s chief executive, was quoted saying.
Lima - Israel Shipyards Ltd. and SK Group member,a leading shipbuilding and repair company for the naval and commercial marine markets - presents its advanced solutions for seaborne interdiction and prevention of terrorist and illegal activities for navies, law enforcement and HLS forces, at SIDEF 2019
Mangalia - On 15 May 2019,Damen Shipyards Group and De Beers Marine Namibia participated in a special steel cutting ceremony to mark the beginning of construction on a new offshore vessel. In February 2019, De Beers Marine Namibia awarded a contract to Damen to build a new crawler diamond recovery vessel
Cairo - Egypt on Friday formally received a third submarine of the fourit has been promised, as part of a deal with Germany that has caused considerable controversy in Israel. A ceremony held at the shipyards of shipbuilding company Thyssenkrupp in the city of Kiel was attended
Seoul - South Korean shipbuilders came in second worldwide in terms of new orders in the first quarter of the year, industry data showed Monday.
Beijing - China is building the world’s largest liquefied natural gas carrier with a capacity of 270,000 cubic metres to cope with the rising demand for the clean fuel in the nation, said a top shipbuilder. Shanghai-based Hudong-Zhonghua Shipbuilding (Group) has joined hands with DNV-GL for construction of the carrier
Zagreb - Croatian shipbuilder Uljanik said on Monday that Kuwait’s Livestock Transport & Trading Company has cancelled the contract for construction of a livestock carrier.
Seoul - The new chief of Daewoo Shipbuilding & Marine Engineering Co. said Monday that the company needs to secure more orders by gaining price competitiveness.
Zagreb - Croatian police on Tuesday arrested former executive officers the Uljanik Group, the country’s biggest shipbuilding company.
Seoul -South Korea’s major shipbuilders are planning to recruit new workers despite the ongoing belt-tightening mode on hopes that the industry is on track towards recovery.
Kerch - Canada, the United States and the EU have imposed new sanctions on Russian entities in response to the Kerch Strait incident, including three shipyards. The sanctions are a response to the encounter between Russian border forces and three Ukrainian Navy vessels at Kerch Strait in November
Houston - A storage tank fire on the Houston Ship Channel on Sunday has spread to seven petrochemical storage tanks, forcing residents in the suburb of Deer Park, Texas, to stay indoors on Monday, but no evacuations or injuries were reported.
Moscow - Russia will build a total of seven ships and four submarines for its Navy in 2019, minister of Defense Sergei Shoigú said Tuesday: “The naval construction program … foresees in 2019 the construction of four submarines – three nuclear and one diesel-electric – and the repair of seven warships and auxiliary ships”
Genoa - Genova Industrie Navali (GIN), a holding company established in 2008 by two historic Genoese shipyards, T. Mariotti and San Giorgio del Porto, both founded in 1928, is today one of the most important players in the shipbuilding and ship repair sector.
Genoa - Fincantieri would have reached a preliminary agreement to take over a share of the Mariotti naval in Genoa.
Milan - A crane collapsed at an Italian offshore oil platform run by energy group Eni on Tuesday, injuring two people.
Since the start of the 2008 crisis, Italian shipowners have sold over 100 ships, about a quarter of the national fleet. The crisis has hit hard all over the world, with knock-on failures.
Seoul - Daewoo Shipbuilding & Marine Engineering Co., a major South Korean shipyard, said Monday it has received a US$380 million order to build two liquefied natural gas-carrying ships.
Ancona - The launch ceremony of “Seven Seas Splendor”, the second extra-luxury cruise ship that Fincantieri will realize for the shipowning company Regent Seven Seas Cruises, brand of the Norwegian Cruise Line Holdings Ltd (NCLH) group, took place at the Ancona plant
Genova - The launch ceremony of “Scarlet Lady” took place at the Genova Sestri Ponente plant, the first of four cruise ships commissioned by Fincantieri from Virgin Voyages, a brand of the Virgin Group. Now the interior design phase will begin
Riva Trigoso - “We have created a number one company in the world and we will not allow it to be broken.”
Lisboa - Recently the “Jose Duarte”, the first hopper dredger entirely built at a Portuguese yard, started its first mining job in Lisbon. The trailing suction hopper dredger has been built in Portugal for a Portuguese dredging company
Seoul - “We expect the Philippine economy to remain among the strongest-growing in Asia-Pacific in 2019, but asset quality could face further tests as the global economic backdrop grows less favourable, with mid-tier banks likely to be more at risk than the large players” .
London - Babcock will facilitate a six-week routine maintenance on the 65,000-tonne carrier, the UK’s largest ever warship.
Seoul - Hyundai Heavy Industries Co., the world’s largest shipbuilder by sales, said Friday that it has bagged a US$130 million deal to build two oil carriers.
Seoul - Daewoo Shipbuilding is aiming to win $8 billion worth of new orders this year, up 10 percent from last year’s order target of $7.3 billion.
Zagreb - Economy Minister Darko Horvat and Uljanik shipbuilding group chairman of the board Emil Bulić said on Friday two serious partners were interested in the group and that they were conducting due diligence, with Horvat hopeful that two more partners would express interest by January 25
Shanghai - China recently started construction of an export version of one of its advanced warships and will deliver it to Pakistan as part of a major arms deal, according to China State Shipbuilding Corp, a large State-owned defence contractor
Seoul - South Korea’s Hyundai Heavy Industries Group said Thursday its three arms are seeking to secure combined deals worth US$15.9 billion this year in the shipbuilding segment. The combined target of Hyundai Heavy Industries Co., Hyundai Samho Heavy and Hyundai Mipo Dockyard Co. marks a 20.7% rise
Genoa - Between 1 January and 31 December there were 1,893,643 single users, that is to say “real” people, who consulted MediTelegraph, 179% more than the twelve months of 2017.
With a gross tonnage of over 153 thousand tons and a length of 323 meters, MSC Seaview is the largest and most technologically advanced ship ever to be designed and built in Italy.
Ulsan - Port city Ulsan mirrors South Korea’s economic, social challenges. After huge shipbuilding job losses, auto workers fear their turn.
Shanghai - China’s anti-graft agency has fired the general manager of state-owned China Shipbuilding Industry Corp (CSIC) and expelled him from the Communist Party after an investigation found he had accepted bribes and abused his power
Marseille - Containerships has taken delivery of its first LNG-fueled container ship, the “Containerships Nord”. The 1,400 TEU vessel was built at Wenchong Shipyard, China, and three sister vessels are scheduled for delivery in the first half of 2019
Marinette - The future USS St. Louis was christened and launched on Saturday. The Lockheed Martin-led shipbuilding team launched the Littoral Combat Ship (LCS 19) into the Menominee River at the Fincantieri Marinette Marine Shipyard
Seoul - A shipowner in the Oceania region placed the order to Daewoo Shipbuilding amid growing demand for LNG ships in the market.
Zagreb - Workers from the biggest Croatian shipbuilding group Uljanik started yet another mass strike on Monday. This is the fourth major strike this year in the company that is facing financial problems and uncertain future
Saint-Nazaire - French shipyard Chantiers de l’Atlantique, formerly known as STX France, has boosted its production capacity by 30% having inaugurated the extension of the pre-assembly area. The construction work on the extension was launched in July 2017
Seoul - The deal raised to 10 the number of very large crude carriers that Hunter Tankers has ordered from Daewoo Shipbuilding this year.
Paris - It confirms its status as the world’s leading event in the sector.
Paris - The alliance between Italy and France goes on.
Ottawa - Canada has chosen a BAE Systems and Lockheed Martin-led team as the “preferred bidder” for a potential contract worth more than $45 billion to build new frigates for the Royal Canadian Navy. The two major defense contractors had pitched a proposal centered on BAE’s Type 26 Global Combat Ship design
London - The European Commission, national experts and stakeholders meet on 3 October to discuss the implementation of the regulation.
Piraeus - Ship owners are seemingly in the hunt for more newbuildings, after a mid-summer lull of activity brought ordering activity to a year-to-date low. In its latest weekly report, shipbroker Allied Shipbroking noted that “the past couple of weeks has shown a more aggressive attitude”
Berlin - The ships are to enter service in the mid-2020s, and will be capable of attacking targets on land and underwater and giving aerial protection to other vessels.
St. Petersburg - Another of Russia’s new-line nuclear icebreakers is running afoul of construction deadlines in a delay that will likely force older ones to operate longer. The hull of the “Arktika”, one of Russia’s three LK-60 nuclear icebreakers, was floated in 2016 at the Baltic Shipyard in St. Petersburg
Moscow - Russian shipyard Zvezda Shipbuilding Complex is to build the country’s first LNG-fuelled tankers under an order from Sovcomflot for two Aframax newbuilds. The 114,000dwt ships will feature dual-fuel propulsion using LNG as the primary fuel
Trieste - Workers of Croatia’s largest shipyards halt their strike on Friday after receiving delayed wages for July, Croatian television N1 reported.