November 12th, 20190South Korean owner Polaris Shipping has returned to Shanghai Waigaoqiao for a pair of newcastlemaxes as part of its ongoing fleet renewal program. Polaris has inked a contract for two 210,000 dwt bulkers. The Tier III-fitted ships will deliver in 2021. No price has been revealed for the vessels. In May last year, Polaris made its...
November 7th, 20190Hyundai Oilbank, the refinery arm of Hyundai Heavy Industries, has leased an oil terminal in the southern Vietnamese coastal province of Ba Ria-Vung Tau to expand its presence in the Southeast Asia market. The terminal, situated about 80 km from Ho Chi Minh City, has a capacity 200,000 barrels of petroleum products and it can...
October 28th, 20191BW has returned to South Korean yard Daewoo Shipbuilding & Marine Engineering (DSME) for the construction of two 174,000 cu m LNG carriers. According to Clarksons, the company placed the order for a price of $186.9m each. Delivery of the vessels are scheduled in June and September of 2022. This latest order adds to BW Gas'...
October 16th, 20190Mediterranean Shipping Company (MSC) has signed shipbuilding contracts with South Korean yard Daewoo Shipbuilding & Marine Engineering (DSME) for the construction of five 23,000 teu mega boxships for around $762m in total. The latest order is an option exercised by MSC as part of a 11-ship order made by the company back in...
October 14th, 20190It’s not just South Korea’s shipbuilders who are bidding to profit from Qatar’s latest mega expansion of its LNG supply chains; many of the east Asian nation’s top shipping lines are vying for business too. Yonhap, South Korea’s top newswire, is reporting that an alliance of Korea Line, Pan Ocean, SK Shipping, Hyundai LNG...
October 8th, 20190H-Line Shipping of South Korea is back in the market, sniffing at capesize candidates. H-Line, who is among the biggest players in this segment in South Korea, has offered $16.3m and fixed terms for the 176,000 dwt from Cyprus’s Universal Tanker Management. The deal comes with a three-year time charter attached. Splash understands...
October 8th, 20190John Fredriksen’s Northern Drilling has cancelled the resale contract with South Korea’s DSME for ultra-deepwater drillship West Cobalt. The rig investment company said the cancellation was "due to various reasons including repudiatory breach of contract by DSME". Northern Drilling subsidiary West Cobalt Inc. has made advance...
October 7th, 20190Authorities in Ulsan, one of South Korea’s largest ports, have banned a variety of hazardous cargoes from calling at terminals near a bridge where a dramatic tanker explosion took place eight days ago. In the wake of the huge fire that started onboard the , before moving onto the Bow Dalian tanker moored alongside, a bridge...
September 30th, 20190Nine seafarers were injured when fire broke out on two vessels following an explosion on Saturday morning on chemical tanker moored at the Korean port of Ulsan. The fire that broke out after the explosion spread to another chemical tanker, Bow Dalian, which was moored alongside the Stolt vessel. It was reported that the two vessels...
September 26th, 20191South Korean shipbuilder Samsung Heavy Industries (SHI) and US company Bloom Energy have announced a collaboration to design and develop ships powered by Bloom Energy’s solid oxide fuel cell technology. SHI said it aims to be the first shipbuilder to deliver a large cargo ship for ocean operation powered by fuel cells running on...
