End of single-skin VLCC looming [Shipping]
Single-hulled VLCCs will finally move out of the market by the end of this year. Just a handful of single-skinned VLs have secured spot work in 2011 and with rates squeezed the ships will soon disappear, Charles Weber predicts. "Over the past thr...
2011-04-06 07:29:27
RINA maintains growth [Finance]
Italy's verification, certification and ship classification group RINA had a satisfactory year in 2010, maintaining growth despite the difficult global climate. Turnover in 2010 grew by 2.5% to EUR 205m ($291m) from EUR 200m the previous year. EB...
2011-04-06 07:12:09
Ordering focused on boxships [Shipping]
Shipowners are active in ordering new boxships but still relatively quiet in bulker and tanker sectors. Clarksons reports in its latest weekly report, “As we move into the second quarter of the year the newbuilding market continues to remain act...
2011-04-06 07:04:51
Eco-friendly floating port unveiled [Offshore]
A blueprint for a new "floating port" in Scotland has been set out. The transhipment facility consisting of a large storage vessel fitted with cranes, which could be built at Scapa Flow in the Orkney Islands, would be the “greenest” terminal ...
2011-04-06 06:53:21
SBM contracts out FPSO topside [Offshore]
Singapore’s Dyna-Mac Holdings has won an order worth around $40 million to supply topside modules for a floating production, storage and offloading (FPSO) vessel with production capacity of 100,000 barrels a day of oil and storage capacity for 1.3 ...
2011-04-06 06:42:24
Daewoo may buy KLC JVs [Shipbuilding]
South Korea's Daewoo Shipbuilding & Marine Engineering is rumoured to be acquiring 50% shares in DK Maritime and KLDS Maritime from Korea Line Corporation (KLC), which has gone into court receivership. The two companies where Daewoo is in talks to...
2011-04-05 22:09:52
Korea nurtures shipbuilding workers [General]
There are growing demands for skilled shipbuilding workers since new orders in the shipbuilding and offshore plant segments have been increasing. To supply workforce to the industry, a free training is to be held in South Jeolla Province. The...
2011-04-05 22:08:31
Hyundai Mipo completes new plant [Equipment]
South Korea's Hyundai Mipo Dockyard started full-swing operation of its fourth off-site plant in the city of Ulsan as soon as it held a launching ceremony for the newly built plant yesterday. The new plant consists of ship block assembly yard, be...
2011-04-05 22:07:49
Weihai yards seek for development [General]
Weihai-based shipyards in Shandong province, China, have been showing a steady growth. Their production management is quite stable with major economic indicators growing in a fast pace. The combined newbuilding output of the yards for a full-...
2011-04-05 22:06:59
Shanghai: ship exports slow down [Shipbuilding]
Chinese customs has reported the combined ship export value of Shanghai-based shipyards during January and February came to $1.09bn, decreasing by 2.5% compared with the previous year. The total ship exports for a full-month January increased by...
2011-04-05 14:05:39
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