2020 sulphur cap

Hyundai Heavy, KSS Line team up on eco-friendly ship business

South Korean major shipbuilder Hyundai Heavy Industries announced that its newly spun-off company Hyundai Global Services, specializing in providing total marine services, has signed a MoU with compatriot shipping company KSS Line, for entering into eco-friendly ship business.

How China’s environmental regs benefit S. Korean shipbuilders

China’s stringent environmental regulations as part of its efforts to reduce air pollution levels in its major cities is expected to surge demand for LNG carriers as a ship type, lifting prices of newbuildings, Hyundai Heavy Industries CEO Sam H. Ka was quoted as saying.

2019 to be a positive year for South Korean shipbuilders

New shipbuilding contracts which worth a total of 28.46 million CGT will be signed around the world during 2019. In comparison, the amount for 2018 was 28.55 million CGT. Namely, last year, contracts for building LNG carriers increased by 400%, reaching 5.85 million CGT, 76 ships. However, the numbers are expected to be less, going to to 4.08 million CGT and 53 ships.

Cruise ship with scrubbers floated out

Fincantieri announced the float out of the ocean cruise ship “Viking Jupiter”, which was built for Viking. The cruise ship is equipped with scrubbers and has energy efficient engines to meet with strict environmental regulations. The ship will have a gross tonnage of about 47,800 tons, 465 cabins with accommodation for 930 passengers.

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