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DSIC builds big recycling yard
[Equipment]
China’s largest state-owned shipbuilder, Dalian Shipbuilding Industry Co, is expanding its services into the recycling sector, with construction underway to create the world’s largest green dismantling facility. The move will see DSIC become a...
2011-06-17 07:08:53
Greek shipowners to survive
[Shipping]
Greek shipowners are well placed to survive any default on their country’s sovereign debt in the months ahead, according to top shipping dealmakers. But the knock-on effects will inject a further degree of unpredictability into an already-troubl...
2011-06-17 06:58:21
NOL newbuilds look 'cheap'
[Finance]
Neptune Orient Lines looks to have secured its latest batch of newbuildings at a cheaper price than laid down by its rivals for similar ships, DBS says. Singapore-listed NOL splashed $1.54bn on a series of fresh orders and upgrades, it was announ...
2011-06-17 06:53:00
Newbuild orders to top $100bn
[Shipbuilding]
Investment in newbuildings could rise by 10% this year on the back of robust demand for containerships and LNG vessels, Deutsche Bank forecasts. Analyst Sanjeev Rana made the prediction as it emerged demand for both box and gas ships has helped p...
2011-06-17 06:46:27
Chinese build more, win less orders
[Shipbuilding]
Chinese shipbuilders are building more ships this year than in last year. China's Ministry of Industry & Information Technology announced of late that the country's shipyards have built 25.07m dwt of newbuildings during January-May period, up 6% o...
2011-06-16 12:33:02
Sinopacific inks 63K BC's
[Shipbuilding]
China's Yangzhou Dayang Shipbuilding, an affiliated yard of China’s Sinopacific Shipbuilding Group, has won an order for four 63,000-dwt bulkers from a European shipowner. The newbuildings will be classed by French classification society BV. ...
2011-06-16 12:16:20
MAN launches new engine
[Equipment]
With the market launch of its new, two-stage-turbocharged MAN 18V48/60TS engine, MAN Diesel & Turbo is continuing the expansion of its product portfolio with a low-emission, stationary, medium-speed diesel engine. This new engine was designed to offe...
2011-06-16 08:44:55
Fincantieri names new Marinette CEO
[General]
Chuck Goddard has been named President and CEO for Marinette Marine Corporation, effective immediately, Fred Moosally, President and CEO of the shipyard's parent Fincantieri Marine Group announced. Mr. Goddard comes to Marinette with thirty years ...
2011-06-16 08:42:57
Knud E. books ferry design order
[Equipment]
In partnership with Fleetway, Inc., Denmark's Knud E. Hansen A/S recently signed a contract with the Government of Newfoundland and Labrador in Canada for the basic design of a series of six ferries for operation on the intra-provincial south shore r...
2011-06-16 08:39:57
Hyundai eyes new yard in Nigeria
[Offshore]
Hyundai Heavy Industries is considering setting up a new shipyard in Nigeria where a state government claims a preliminary deal has already been penned. The South Korean behemoth signed a memorandum of understanding with Bayelsa State Government ...
2011-06-16 08:37:34
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