shipbuilding

CGR’s agreement for LNG bunkering vessel’s construction

CGR Arctic Marine along with Wuzhou Shipbuilding and Merchant Ship Design & Research Institute (SDARI) inked an agreement for the design and establishment of a 6.000 cbm LNG bunkering vessel. Through the construction of the LNG-bunkering vessel, CGR Arctic Marine aims to expand its operations in southeast Asia and South America.

Rapid growth in shipbuilding’s patent application

According to the “Advanced Manufacturing Shipbuilding Application” report published by KETmaritime, a rapid growth was seen in shipbuilding’s patent application. The study analyzes the recent use and future potential of ‘new-age’ technology, involving 3D-scanning, 3D-printing, robotics, virtual and augmented reality.

China reveals the allegedly “world’s largest” shipbuilding group

China officially announced the launch of the “China Shipbuilding Group”, which the country’s state broadcaster commented as the world’s largest shipbuilder, as Reuters reports. Specifically, the launch of the group was firstly reported by the China Central Teelvision (CCTV). 

DSIC to construct COSCO’s first LNG-powered VLCC

Dalian Shipbuilding Industry (DSIC), North China-based shipyard, will construct the first LNG powered VLCC for Cosco Shipping Energy Transportation. The VLCC is amongst the four VLCCs Cosco Shipping Energy Transportation ordered earlier.

HHI issues regulatory application in the EU for DSME merge deal

As Yonhap reports, Hyundai Heavy Industries Group issued an application to the European Union, waiting for approval for its proposed takeover of local Daewoo Shipbuilding and Marine Engineering Co. The company informed that the submission will be reviewed by anti-trust authorities at the European Commission, expecting the results of their call in 2020. 

South Korea placed first in shipbuilding orders for October

According to Yonhap news agency, in October, South Korea regained its first position in global shipbuilding orders, followed from the country’s dominance in the LNG carrier sector. This is the first time in 2019 that South Korea signed over 1 million CGTs in monthly orders.

Shipbuilding social partners urge for protection of European industry

On 8 November, European social partners for the maritime technology sector, industriAll Europe and SEA Europe, met in Brussels for their annual plenary meeting. The parties reflected on the year since the launch of their joint manifesto: Maritime Technology: A Strategic Sector for Europe, expressing their disappointment about the lack of action from EU policy makers and missing sectoral strategy for the maritime technology sector.

China approves merger of shipbuilding giants

Following contradictory statements, China announced Friday the merger of the country’s two state-owned shipbuilding giants, China State Shipbuilding Corp (CSSC) and China Shipbuilding Industry Co (CSIC), in a move expected to boost competitiveness of Chinese shipbuilding industry.

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