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Ship Repair
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MISC benefits from improved tanker earnings as first-half profit jumps 44%
Better supply conditions are expected in the second half of the year as vessels are taken out of service for scrubber retrofits and rising US exports boost tonne-mile demand
Retrofit congestion will fuel cape rates, say owners
The high volume of scrubber installations is causing problems at yards where dry dock times are escalating as owners rush to hit 2020 deadlines. Some vessels are sitting idle for 60 days in yards
Lay-offs start at Harland and Wolff
Temporary unpaid lay-offs imposed by administrator in effort to provide more time to look for commercial solution for troubled engineering firm
Heavy impairments knock Star Bulk second-quarter results
Star Bulk has plans to have 81 scrubber towers installed by the end of September this year and 104 by the end of December
ULCs go for scrubber retrofits
Four vessels owned by CMA CGM and MSC have been reported out of service since last month. All four are in the process of installing exhaust gas scrubber systems
Belfast yard Harland and Wolff to enter administration
Norwegian owners Dolphin Drilling fail to find buyer and BDO is called in to act as administrator, ending 158 years of shipbuilding history
High scrubber uptake fails to lift earnings as retrofits ramp up
Scrubber uptake is accelerating as owners and operators focus on retrofitting the largest dry bulk vessels and tankers, where fuel costs comprise a greater proportion of operating costs
Sembmarine heads for LNG carrier repair record
The yard group is on track to redeliver 46 LNG tankers in 2019, up from 41 during the previous year
Indonesian shipyard accident kills four
The shipyard accident is the second involving gas poisoning in just over two months, following another in China at the end of May
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