Imabari Shipbuilding Co., Ltd. and Japan Marine United Corporation (JMU), the two largest shipbuilders in Japan, announced Friday a final agreement for the establishment of the joint venture company, starting from October 2020.
German shipbuilder MV Werften announced immediate suspension of its shipbuilding projects in Wismar, Rostock and Stralsund, amid COVID-19 pandemic.
Chinese shipbuilding group Yangzijiang has secured a contract to build up to 10 vessels worth a total of USD 1.15 billion for Hong Kong-based container shipping firm Tiger Group.
In light of the ongoing COVID-19 outbreak, the Italian-based company, Fincantieri announced that suspends its operations for at least 14 days, to avoid the spread of the disease in its shipyards.
Italian shipbuilder Fincantieri and UAE-based autonomous technology provider Marakeb Technologies signed a Memorandum of Understanding in order to explore global collaboration opportunities in the field of autonomous technology.
Nauticor, Germany-based LNG supplier, entered into a cooperation with manufacturer of special purpose vessels Fr. Fassmer, in newbuilding and retrofitting projects for ships with LNG engines. The two partners aim to generate synergy effects for the commissioning of newbuild or retrofitted vessels, which have been equipped with LNG engines and the respective system components.
A ceremony was conducted in celebration of the keel laying of Rauma Marine Constructions’ newbuilding, NB6002 for Wasaline, on Thursday February 13 at the Rauma shipyard. The new ferry will be the first ever RoPax ferry with a Clean Design class notation. The vessel will have a hybrid power generation system, as well as an electric propulsion system rarely used in car and passenger ferries.
Japan has formally requested WTO dispute consultations with South Korea regarding alleged subsidies provided by the S. Korean government to its shipbuilding industry. Japan’s request was circulated to WTO members on 10 February.
Korean Shipbuilding & Offshore Engineering (KSOE) expects to gain momentum in 2020, following the strengthened emission regulations which will force shippers to replace their old vessels, as Hyundai Heavy Industries’ Senior Vice President reported.
Japan has filed a petition against South Korea with the World Trade Organization, in which it accuses Seoul of providing excessive aid to the domestic shipbuilding industry. Last week, Japan called South Korea to talk regarding the matter based on WTO rules. However, if the negotiation fail, Japan will seek to establish a dispute settlement panel.
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