May 22nd, 20180Turkish shipowner Yasa Holding is said to have placed an order at South Korean yard Hyundai Mipo for the construction of four 49,000 dwt MR tankers.
Shipbroking sources tell Splash that the price for each vessel is in the region of $35m and delivery is scheduled from 2019.
Yasa Holding operates a fleet of 20 bulkers and six...
May 22nd, 20180At around 0100 hours Korean time this morning the main fire on the car carrier was finally extinguished although the ship continues to smoulder at a dock in Incheon port and is likely to be a complete write-off.
The Hyundai Glovis-controlled Auto Banner car carrier caught fire yesterday morning. The fire started on the 11th...
May 21st, 20180Hundreds of emergency workers rushed to Incheon port on the west coast of South Korea this morning after a major fire broke out on the Hyundai Glovis-controlled car carrier. Thick plumes of smoke are still emanating from the 199 m long ship as Splash’s daily newsletter readied for publication, some nine hours after the blaze...
May 18th, 20180South Korean owner Polaris Shipping has placed an order at China’s CSSC-affiliated Waigaoqiao Shipbuilding for the construction of an 180,000 dwt capesize bulk carrier.
The order is part of Polaris Shipping’s ongoing fleet expansion plan, with another 18 newbuildings under construction at Hyundai Heavy Industry and one under...
May 17th, 20180South Korea’s Hyundai Merchant Marine (HMM) has started working with California-based software company Oracle in order to move its data to the cloud. HMM is working to move its data servers to a cloud-based system by 2020.
HMM and Oracle will also cooperate on applying Internet of Things and blockchain technology to shipping as...
May 16th, 20180South Korean owner Sinokor Merchant Marine has signed shipbuilding contracts with China’s Jinhai Intelligent Manufacturing, formerly Jinhai Heavy Industry, for the construction of up to twenty 208,000 dwt newcastlemax bulk carriers.
Splash understands that the contract includes firm orders for four vessels and options for 16...
May 16th, 20180Hyundai Merchant Marine (HMM) and Singapore terminal operator PSA International are set to acquire 40% and 10% stakes from private equity investment firm IMM Investment.
Following the acquisition, HMM and PSA will each hold 50% stakes in the terminal.
HMM believes the deal could help the company lower cargo handling costs, which in...
May 16th, 20180Endangered Korean yard Sungdong Shipbuilding & Marine Engineering has lost its last newbuild contracts with Kyklades Maritime of Greece nixing a contract for five aframax tankers.
The future of Sungdong, which grew from block manufacturer to become one of the top ten global shipbuilders a decade ago, is in doubt. The government...
May 15th, 20180South Korean owner Shinsung Shipping has placed an order at China’s Jiangsu Dayang Offshore Equipment for the construction of three 2,900 dwt general cargo ships.
The latest order follows Shinsung's order for four 6,500 dwt general cargo ships at the shipyard in December last year.
The delivery of the vessels is scheduled in...
May 4th, 20180Eyal Ofer's Zodiac Maritime has placed an order at South Korean shipyard Hyundai Heavy Industries (HHI) for the construction of four 14,300 teu containerships, confirming a story by Splash last month.
The total value of the contract is $405.6m and deliveries will start from July 2020.
Zodiac currently has another five 11,000 teu...
