South Korean shipowner Hyundai LNG Shipping (HLS) has placed an order for the construction of one very large gas carrier (VLGC) at compatriot shipyard Hyundai Heavy Industries (HHI).The South Korean owner of 10 LNG Carriers said in a press release that the 84,600 cbm gas carrier is scheduled for delivery in Q3 2020 for the employment of seven year (+ option) time charter with a global energy
Taiwanese liner Yang Ming Marine Transport Corporation has announced the launch of two new ultra-large container vessels (UCLVs), which were officially named at Imabari shipyard on March 6, 2019.The two ships, YM Warranty and YM Wellspring, have a container capacity of 14,000 TEU and will join the total of 20 UCLVs added to Yang Ming’s fleet since 2015.Yang Ming Marine Transport Corp.
Resulting entity would control about 20 pct of global market; Daewoo shares rally 22 pct; Hyundai Heavy shares fall.Hyundai Heavy Industries, the world's biggest shipbuilding group, has announced a share swap deal worth 2.1 trillion won ($1.98 billion) to take over second-ranked Daewoo and create a global heavyweight controlling over 20 percent of the market.
NETSCo announced the winners of the 2018 Society of Naval Architects and Marine Engineers (SNAME) Student Design Competition held recently during the 2018 SNAME Maritime Convention in Providence, RI. Many interesting designs were devised with over 150 students participating in the competition.
I am proud to announce that we have acquired the assets of Atcomedia and starting in January 2019 we will relaunch the flagship title, Offshore Engineer (OE), a perfect compliment to our media offering, led by Maritime Reporter & Engineering News.OEDigital.com is back online now, and Eric Haun has been promoted as Managing Editor of Offshore Engineer
This month we caught up with Jeong-kie Lee, Chairman and CEO of the Korean Register and also the Chairman of the International Association of Classification Societies (IACS), for his insights on the dominant trends moving the maritime industry into the future.The maritime industry has been challenged, to say the least.
Responders are working to remove fuel from the tanks of a 56-foot commercial fishing vessel that ran aground near California’s Monterey Bay National Marine Sanctuary on Sunday.The grounded vessel, Pacific Quest, is broken up and beached near Seymour Marine Discovery Center in Santa Cruz., with a maximum potential capacity of 1,200 gallons of diesel on board, according to the U.S. Coast Guard.
Al Seer Marine and Rafnar, Icelandic marine technology innovators and designers of the Rafnar Hull, have completed a record-breaking 42-hour circumnavigation of Iceland.This news follows the firms' recent partnership announcement for the licensing of the Rafnar Hull. The challenge of circumnavigating Iceland in a small open RIB was an opportunity for Al Seer Marine to gain firsthand experience
A big drag on Singapore's growth in recent years, the embattled offshore and marine industry, has broken a three-year losing streak. Yet industry executives aren't betting on a return to the glory days anytime soon.The industry, along with a top-class finance sector, has been a key pillar of Singapore's economic transformation into a first world economy since independence from British colonial
There's nothing like New York City for a maritime event, and McAllister Towing and Transportation Co., Inc., one of the historic family-run companies serving the industry for more than 150 years, held a signature ceremony and party last night at Pier 16 in Manhattan with the christening of two tugboats, the Rosemary McAllister and the Capt. Brian A.
McAllister Towing has taken delivery of Rosemary McAllister, the second in a series of four 100’ x 40’, 80 metric ton bollard pull tugboats. The new vessel, the 32nd tractor tug in McAllister’s fleet, was completed at Eastern Shipbuilding in Panama City, Fla.The Rosemary is powered by 3516E Tier IV Caterpillar engines with twin Schottel SRP4000FP units.
The United States on Thursday said it will impose tariffs on aluminum and steel imports from Canada, Mexico and the European Union, reigniting investor fears of a global trade war as Washington's allies took steps to retaliate against U.S. goods.The move, announced by U.S. Commerce Secretary Wilbur Ross in a telephone briefing on Thursday