December 13th, 20180A worker’s strike at Daewoo Shipbuilding & Marine Engineering (DSME) has seen operations at a giant dock crane come to a halt for much of this week. Two workers from DSME’s Metal Union gained access to a 40 m high crane early on Tuesday and have not moved since, as part of a protest demanding a pay increase at a time where the...
December 10th, 20180Daewoo Shipbuilding & Marine Engineering (DSME) has bagged another order from one of its most loyal customers.
John Angelicoussis’s Maran Gas Maritime has ordered an LNG carrier at the Korean yard for delivery in the first half of 2021. No price has been revealed although the going rate for this ship type is now in the region of...
December 10th, 20183Japan’s NYK has ordered a pair of 174,000 cu m LNG carriers from Samsung Heavy Industries as part of a long-term contract signed with Total Gas & Power Chartering.
The membrane-type LNG carriers are scheduled for delivery in 2021, and will be operated by Gazocean, a joint venture between NYK and Total.
In October NYK ordered...
December 7th, 20180The world’s largest shipbuilder is still filling out its 2020 slots and is offering deals for ship types it would turn away in the busier times of its heyday.
Hyundai Heavy Industries has agreed to build a pair of suezmaxes for Turkey’s Ciner Group. The ships are due to go on charter to Koch and come with a mid-2020 delivery...
December 7th, 20180The world’s largest fund operator BlackRock has increased its stake in Daewoo Shipbuilding & Marine Engineering (DSME) to 5.57%, becoming the third biggest shareholder in the yard, just behind two Korean banks.
After a massive restructuring in the last couple of years DSME is finally back on track, having secured nearly $6bn in...
December 6th, 20180Cementing a banner few days for South Korean shipbuilders in the LNG domain Hyundai Mipo Dockyard has signed a $77m contract to build a 30,000 cu m LNG carrier for Norway’s Knutsen. The 180 m long, dual fuel ship will be used to supply LNG to Sardinia. The contract comes with an option for one more ship and marks a new design marketed...
December 5th, 20180South Korea’s Daewoo Shipbuilding & Marine Engineering (DSME) has won a $370m deal to build two LNG carriers from an unspecified US owner. The firm ships will deliver in the first half of 2021, and the contract has options for four more ships, which would take the price tag to $1.1bn.
The latest contract takes DSME’s sales in...
November 29th, 20180In a remarkably bullish two-page press release issued today South Korean flagship HMM has claimed it will have a 7% market share on the main east-west container tradelanes by 2021.
HMM said today that it has rebuilt trust with customers after restructuring two years ago and is on course to have a fleet of 1m slots, more than twice the...
November 26th, 20180The European Union may well join Japan’s campaign against state aid being dished out by Seoul to Korean shipbuilders. Japan filed a complaint at the World Trade Organization (WTO) earlier this month after months of complaining about how its neighbour is propping up struggling shipbuilders with hundreds of millions of dollars of...
November 26th, 20180Greek owner Latsco Shipping is moving into the LNG carrier sector with an order for the construction of two LNG carriers at South Korean yard Hyundai Heavy Industries (HHI).
The two 174,000 cu m ships were ordered via Consolidated Marine Management, the technical managers for Latsco. The total value of the contract is about $370m and...
