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Ship Repair
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Major Southeast Asian yards see some hope but are still struggling
MMHE, Sembcorp Marine continue to bleed in 2018 however
Coatings weigh heavier on contracts
Shipowners need to question shipbuilders’ choice of vessel coatings because builders will almost always pick the cheapest product that claims to meet the owner’s requirements
Sembcorp Marine wins $166m FPSO contract from Teekay
The project is scheduled to be completed by July 2020
Keppel replenishes orderbook with LNG projects as contracts start to come in
The orderbook is also recovering, with value of year-to-date new contracts already surpassing the total amount for 2017
Viewpoint: Scrubbing up nicely
BIMCO, along with paint and coating manufacturers, ship operators and companies engaged in hull cleaning hope that by the autumn of 2019 a standard for the underwater cleaning of ships’ hulls that is safe, efficient and environmentally sustainable will be in place
Canada imposes 25% tariffs on steel imports
The tariffs will be in place for 200 days while the Canadian International Trade Tribunal determines whether final safeguards are warranted
Globus Maritime improves performance on higher charter rates
The dry bulk operator evaluates vessel acquisition and disposals as well as debt refinancing to increase its net asset value
Ardmore Shipping to equip 18 vessels with Optimarin ballast water systems
Irish tanker operator to buy 36 systems from Norwegian supplier Optimarin for undisclosed consideration, with some headed for retrofit
Surge of scrubber orders as owners take the plunge
Time is running out for shipowners to install exhaust gas cleaning systems. A surge of orders is limiting installation capacity but smaller manufacturers may still have space, says DNV GL’s head of environmental certification
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