Global LPG markets began July with a sense of cautious optimism. Seaborne LPG imports were moving back toward seasonal norms, fueled by record export volumes from the US, which helped counter months of disruptions caused by conflicts in the Middle East Gulf. This...

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Germany’s CM Technologies (CMT) has introduced a compact Pressure Drop Test Instrument (PDTI) designed to identify cylinder pressure leaks before the result in increased fuel consumption, costly repairs and ship downtime. During a diesel engine’s compression process,...

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Hanwha Ocean recorded an “earnings surprise” in the second quarter of this year, driven by strong performance in its commercial and special vessel businesses. Hanwha Ocean announced on the 27th that it achieved sales of 5.4332 trillion Korean won and operating profit...

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Daehan Shipbuilding has achieved its largest annual order volume since its founding by securing a large-scale order at the start of the second half of the year. Daehan Shipbuilding announced on July 27 that it signed a construction contract for two Suezmax-class crude...

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The government is reviewing a plan to support the expense of installing domestically made eco-friendly and autonomous-navigation equipment by Korean shipbuilders, according to reports on the 24th. The aim is to support domestic equipment suppliers that are struggling...

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