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 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.
Most predict that digitalisation will eventually be rolled out, but for the wider maritime industry, simply using data already available brings wide benefits.
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.
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.
The slide in newbuilding orders in China continued in September, with new ship orders falling almost 80% year-on-year.
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.
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.
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.