US shipyards win work
Todd Shipyards of the US has won a $5.51m vessel modification contract from the country’s coast guard. The Pacific coast yard will carry out repairs and alterations to the icebreaker USCGC Polar Sea. Its ship systems, engines and equipment will ...
Imabari Maritime Fair "BARI-SHIP" opened
The Imabari Maritime Fair "BARI-SHIP", the first such exhibition in western Japan, opened at the Texport Imabari in Imabari city on May 21 with the participation by 179 related companies both at home and abroad. The exhibition, to run until May 23, i...
Hitachi completes facility expansion
Hitachi Zosen has created a system to produce a total of 2.3 million bhp of main engines per annum by almost completing facility expansions at the Ariake Works and Onomichi-based affiliate IMEX Co., both producing marine low-speed diesel engines. Hit...
BP signs Adriatic LNG contract
BP has been awarded capacity at the Adriatic LNG import terminal, which could see Europe’s second largest oil company delivering 12 cargoes of liquefied natural gas a year to the facility. A spokesman for BP said the oil major’s bid for capacity ...
Lay-up could result in 40% savings
Tanker owners are expected to seriously consider hot lay-up of their ships in the near future as the market deteriorates further. According to New York-based consultancy group McQuilling Services, which estimates that there are around 50 large tan...
Daewoo probed over slush fund
Daewoo Shipbuilding subsidiary Daewoo Shipbuilding & Marine Engineering Construction was raided by Korean prosecutors on Thursday, local news services have reported. The early morning raid was said to have been authorised due to suspicions of slu...
Hyundai cut steel for construction of Volga ships
Hyundai Corporation in China has commenced metal cutting for construction of a head 5,280-dwt dry cargo carrier project DCV36 for Volga-Baltic Company. The contract for construction of ten vessels was signed by Viktor Olerski, Chairman of the Council...
Sixth China LNG carrier order delayed
Talk of MISC wanting to take a stake is slowing the order process. Malaysia's MISC may take a stake in a sixth Chinese LNG-carrier newbuilding but negotiations over the final ownership split on the vessel is slowing the order process. Industry sou...
Aeolos pursuing Guangzhou Dockyards
A Greek owner is pursuing a Chinese yard for $92.3m after it failed to convert a single-hull VLCC. Greek VLCC owner Aeolos Management has mounted a massive $92.3m legal claim against Chinese repair yard Guangzhou Dockyards. Legal documentation ...
Jebsen pressing ahead with Vinashin orders
Norwegian shipowner Atle Jebsen says he is pressing ahead with an order for 12 bulkers of 24,500 dwt at Vietnam Shipbuilding Industry Corp (Vinashin) following reports that the deal had been dropped. Bulker player Kristian Jebsens Rederi had also bee...
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