Ship construction

DSME, which has 12,700 employees, is looking to reduce its headcount to below 10,000 by year-end

Daewoo Shipbuilding & Marine Engineering said on Wednesday that it has completed the sale of its office building in Seoul’s Jongno district as Hyundai Heavy Industries bounced back to profitability.

Teekay’s Peter Evensen. Credit Teekay

Teekay Offshore Partners, the offshore and marine arm of Teekay Corporation, has terminated orders for two of three accommodation vessels at Singapore-listed COSCO Corporation, the shipbuilding arm of the China COSCO group.

A2SEA boasts cost base equal or lower than that of O&G groups – shown is its Sea Installer.

Most predict that digitalisation will eventually be rolled out, but for the wider maritime industry, simply using data already available brings wide benefits.

The product tanker spot market had undergone a “correction” in the second quarter.

Italian product tanker operator d’Amico International Shipping (DIS) has taken delivery of the first of three vessels due to be completed before the end of the year at the Hyundai Vinashin Shipyard in Vietnam.

Genting Dream will cater to the demands of the burgeoning Chinese middle class

As the first large cruise ship purpose-designed for the premium segment of the fast-growing Asian market, particularly that of China, the 151,300gt Genting Dream was handed over this month by German builder Meyer Werft.

According to CANSI, just 650,000 dwt of orders were placed in September

The slide in newbuilding orders in China continued in September, with new ship orders falling almost 80% year-on-year.


Demand in the offshore market is expected to remain tepid, says Keppel CEO Loh Chin Hua

Keppel Corporation said on Thursday that net profit for the third quarter of 2016 fell 38% year-on-year to SGD225 million (USD161.9 million) amid a challenging environment for the oil and gas sector and the global economy.

LNG carrier hull close-up

Company closes tender to timecharter as many as nine new LNG tankers to haul gas from the United States after failing to win government backing on accepting the conditions set by the two bidding consortia.

Euro notes

French classification society Bureau Veritas saw growth in its marine business brought to a sharp halt in the third quarter as it felt the double impact of downturns in its newbuilding and offshore activities.