Korean Shipyards Look Bullish
South Korea's major shipyards are estimated to have racked up solid profit during the second quarter of the year, aided by the increased delivery of ships, cost…
Keppel to Deliver World's First Converted FLNGV
Keppel Offshore & Marine's (Keppel O&M) wholly-owned subsidiary, Keppel Shipyard Ltd (Keppel Shipyard), will soon deliver the world's first converted Floating Liquefaction…
K Line, MOL, NYK Announce Container Business Merger
Kawasaki Kisen Kaisha (K Line), Mitsui O.S.K. Lines (MOL) and Nippon Yusen Kabushiki Kaisha (NYK) announced the establishment of a holding company and an operating company…
DVB Warns on Shipping Woes
Reuters reported that Germany's DVB Bank warned its 2017 pretax return on equity would likely fall short of its expected range of minus 3 percent to plus 3 percent…
Inspection of Ships of 18 Years or Older in Brazil
The Standard Club has been informed by its local correspondent in Brazil that following recent casualties involving bulk carriers, a series of new inspection requirements have been imposed in Brazilian ports for certain ships that are 18 years or older. Brazilian flagged bulk carriers that have been converted from oil tankers, carrying cargo with a density equal to or greater than 1.78 t/m3, such as iron ore, require inspections from Flag State Control before the commencement of loading.
Cyprus Chamber of Shipping Welcomes New Legislation
The Cyprus Chamber of Shipping has hailed the unanimous decision by MPs to forward for a vote the legislation that will define three new branches of the executive – shipping…
Boskalis Takes New Mega Cutter Helios into Service
Royal Boskalis Westminster N.V. said its new mega cutter Helios was named and christened during a festive ceremony in the port of Rotterdam, the Netherlands. The…
US Navy Christens Littoral Combat Ship Billings
The Navy has christened its newest Freedom-variant littoral combat ship, USS Billings (LCS 15), in Marinette, Wisconsin. The future USS Billings honors the largest city in Montana.
