Samsung wins cable-laying vessel [Offshore]
Dutch maritime services provider Royal Boskalis Westminster said on Wednesday it had ordered a cable-laying vessel from Samsung C&T Corporation in order to service a €20m ($28.2m) contract to lay two 150 kV underwater power cables of about 5 km in ...
2011-05-26 06:42:34
Daewoo to ink $9bn by H1 [Shipbuilding]
Daewoo Shipbuilding & Marine Engineering was forecast to reap less new orders during the second half of the year than in the first half. Bank of America Merrill Lynch said considering the Q1 operating results it raised Daewoo's annual performance ...
2011-05-25 14:13:32
ABS updates BWT advisory [Equipment]
Classification society ABS has released an updated Ballast Water Treatment Advisory to assist industry in understanding and addressing the evolving regulatory regime of ballast water treatment (BWT). The publication provides practical guidance to shi...
2011-05-25 07:58:55
Wartsila inks bio-fuel engines [Equipment]
Wärtsilä's leading engine technology offers flexibility which enables switching of fuels without any interruption in operation should the need arise. This will be the first installation ever where a European commercial shipping operation is...
2011-05-25 07:55:18
ABB innovative power system [Equipment]
ABB, the leading power and automation technology group, on May 23 announced the introduction of a new DC (direct current) electrical system for marine applications. The new system is part of a revival of power solutions using DC electricity, and ...
2011-05-25 07:51:19
Bulker ordering dwindles [Shipbuilding]
In the wake of the largest oversupply of dry bulk carriers in decades, ship owners seem to have ended their almost two-year buying spree. According to new shipbroker reports, newbuilding orders for dry bulk carriers have been dwindling. Based ...
2011-05-25 07:47:37
Japan & Norway sign tech agreement [Offshore]
The Norwegian and Japanese governments have signed a co-operation agreement on maritime technology at Nor-Shipping. Norwegian state secretary Rikke Lind and the Japanese transport minister Hideo Kubota signed the agreement in a special ceremony at...
2011-05-25 07:41:47
Costamare back on growth [Shipping]
Greek containership owner Costamare beat Wall Street’s expectations in the first quarter, posting net income of $17.9m. Adjusted for non-cash and other items, the Greece-based company reported earnings of $0.37 per share for the three-month peri...
2011-05-25 07:37:04
Stena enters LNG sector [Shipping]
Stena Bulk has confirmed that it is the buyer of three LNG carriers from Nobu Su’s TMT. It is paying $700m for the 145,000-cbm Stena Blue Sky (built 2006) and two 174,000-cbm newbuildings. All three ships are ice-classed. The newbuildings ar...
2011-05-25 07:32:20
Asian wins newbuildings [Offshore]
Asian engineering and shipyard group Beng Kuang Marine (BKM) has won a contract for four newbuildings. Singapore-listed BKM said its wholly-owned subsidiary Asian Sealand Engineering will build the four crane barges in a deal worth SGD 28m ($22m)...
2011-05-25 07:27:28
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