China National Offshore Oil Company (CNOOC) has awarded 16 billion yuan ($2.42 billion) worth of contracts to build 12 liquefied natural gas tankers, the largest of their kind in the country, the company said on Thursday. China is the world’s largest buyer of the super-chilled gas, while CNOOC is...
https://www.hellenicshippingnews.com/chinas-cnooc-awards-2-4-bln-lng-tanker-building-contracts/
The umbrella union in the shipbuilding industry, which consists of workers at eight different shipbuilders, declared that it joined the ongoing strike at Hyundai Heavy Industries. The move is because of a serious shortage of workers. “During the past recession, the companies laid off a large number...
https://www.hellenicshippingnews.com/s-korea-strikes-expanding-in-shipbuilding-industry/
C-Job Naval Architects have designed a brand new class of liquid hydrogen tanker that will revolutionize the renewable energy market. The tanker concept, developed in partnership with LH2 Europe, is a critical element in realizing a green end-to-end liquid hydrogen supply chain. “Hydrogen will be...
QatarEnergy’s previous order for around 100 liquefied natural gas (LNG) carriers collectively worth $19.2 billion ― which had once been regarded as a great win ― has become a major headache for Hyundai Heavy Industries (HHI), Daewoo Shipbuilding & Marine Engineering (DSME) and Samsung Heavy...
https://www.hellenicshippingnews.com/qatars-order-for-lng-carriers-feared-to-be-poisoned-chalice/
A surge in demand for liquefied natural gas tankers has left South Korea’s shipbuilding industry scrambling for workers after shedding half its work force during an earlier slump, spurring the government to step in amid fears that Chinese rivals could fill the gap. The Justice Ministry on April 19...
Efficient hydrodynamic rudder system for ammonia fueled boxships Full spade rudders with asymmetric leading edge and bulb in the wake of the propeller to further enhance flow along the rudder and reduce turbulence, will enable considerable fuel savings for the six new 7,100 TEU container vessels that Asiatic Lloyd aims to take in operation from …
The post Dalian Shipyard orders rudders for six Asiatic Lloyd container vessels from Damen Marine Components first appeared on Hellenic Shipping News...
KSOE reported 1Q22 (K-IFRS) consolidated revenue of KRW3.91tn (+6.1% YoY) and operating loss of KRW396.4bn (turn to red YoY; -10.1% OPM). Both revenue and the operating loss were far below the market consensus. In fact, the loss even exceeded our estimate, which was 10x higher than the consensus....
https://www.hellenicshippingnews.com/ksoe-1q22-review-another-earnings-shock/
Hyundai Heavy Industries (HHI) is facing a range of daunting tasks as it tries to emerge from its years-long business slump, according to industry officials, Wednesday. The shipbuilder is grappling with government probes into its safety records following the recent death of a subcontracted worker...
https://www.hellenicshippingnews.com/hyundai-heavy-grapples-with-series-of-daunting-tasks/
Arab Ship Shipbuilding and repair Yard (ASRY) signed a Memorandum of Understanding with ONEX Shipyards Greece with the aim to jointly collaborate on knowledge and experience sharing in the sector of maritime repair, technology, optimization, modernization and to explore future business opportunities. This came during the signing ceremony of the MoU which took place virtually …
Ulstein has launched a vessel concept capable of making the vision of zero emission cruise operations a reality. Named ULSTEIN THOR, the 149m 3R (Replenishment, Research and Rescue) design will feature a Thorium Molten Salt Reactor (MSR) to generate vast amounts of clean, safe electricity. This...