Even as drillship orders are drying up, orders for floating LNG (FLNG) vessels and commercial ships would augur well for Samsung Heavy Industries (SHI), analysts believe. The second-biggest ...
FLNG and commercial ships bode well for SHI
Sainty Marine posts $292m loss in 2014
Shenzhen-listed shipbuilder Sainty Marine sank to losses of CNY1.8 billion (USD292 million) in 2014 on huge asset impairment that resulted from its loans extended to shipbuilder Nantong Mingde Heavy ...
China VLCC buys two used VLCCs for $165m
China VLCC, a joint venture between China Merchants Energy Shipping (CMES) and Sinotrans&CSC, has bought two second-hand VLCCs from Sinokor Merchant Marine for a total of USD165 million, bringing ...
HHI’s prospects bright despite Q1 loss
Hyundai Heavy Industries (HHI) could still turn a profit for 2015 even as restructuring costs resulted in a loss of KRW138.8 billion (USD129 million) in the first quarter. The result was worse than ...
Dispatches No. 242
Posted on: Wednesday, April 29th, 2015 By: Szymanski Last Week: 20 April Geneva: Workshop on Saving Lives and Countering Migrant Smuggling – James Kellet, ALLMODE representing InterManager 22 April ...
Rickmers worries for Maersk crew’s safety
Rickmers Shipmanagement is "seriously concerned" about the crew of the Maersk Line container ship it manages, which is being detained by Iran near the port city of Bandar Abbas. US authorities ...
New Zealand Company Fined for Crewman Death
By MarEx 2015-04-29 00:36:29 Talleys Group has been fined $48,000 and ordered to pay $35,000 in reparation to the family of a crewman killed after falling nearly 7m on the fishing vessel Capt MJ ...
Nautilus International denounces Sewol captain’s life sentence
Nautilus International, the trade union and professional organisation for maritime professionals, has denounced the life sentence handed down to the Sewol ferry captain on 28 April. Lee Jun-seok, 69, ...
Subsea Hardware Spending Ups and Downs
By Wendy Laursen 2015-04-28 23:22:10 Statoil CEO Eldar Sætre recently stated that over the last ten years, the cost of subsea developments has increased by 250 percent. According to analysts ...
People Power and the Contract of the Century
By Wendy Laursen 2015-04-28 19:38:19 The European Parliament voted to adopt a regional EU regulation on the monitoring, reporting and verification of individual ship CO2 emissions on Tuesday. The ...
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