Chongqing, No.1 steel plate center [Offshore]
Dong Lin, general director of Chongqing-based Chinese steelmaker Chongqing Iron and Steel Group (Chongqing Steel), has stated that the group is currently building China’s largest shipbuilding steel production base.
 In the first half year of ...
2010-12-08 08:14:08
Bangla eyes Danish support for shipbuilding [General]
Bangladesh Prime Minister Sheikh Hasina (pictured) has sought Danish support for Bangladesh’s prospective shipbuilding industry and exploring gas for socio-economic development of the country. “The government has a plan to set up shipbuilding ...
2010-12-08 07:47:32
Bharati in acquisition spree [Offshore]
The Mumbai-based Bharati Shipyard, which took over Great Offshore Ltd recently, pulled off a surprise last month by acquiring 51 per cent equity stake in the south-based Tebma Shipyard for Rs 75 crore. The company’s Managing Director, Mr P. C. K...
2010-12-08 07:34:08
Swissco orders AHTS pair in China [Offshore]
Singapore-listed marine logistics company Swissco Holdings has ordered, via a wholly-owned subsidiary, two offshore support vessels at the cost of S$20m. In a filing to the Singapore Exchange, Swissco, which owns and charters vessels to the oil-an...
2010-12-08 07:25:59
Safe inks capesize in China [Shipping]
Athens-based Safe Bulkers has returned to Chinese shipyard to build a capesize bulker. New York-listed Safe said Tuesday that it has entered into a shipbuilding contract for the construction of a Chinese-built approximately 180,000-dwt bulker at ...
2010-12-08 07:21:21
Rolls-Royce wins PSV propulsion deal [Equipment]
Power systems giant Rolls-Royce has secured a contract to equip four platform supply vessel (PSVs) newbuildings controlled by Tidewater. The contract, which is valued at EUR 20m ($26.5m), is tied to propulsion systems and deck machinery. “The s...
2010-12-08 07:08:19
Hapag-Lloyd goes public in 2011 [Finance]
German tourism group TUI is preparing to sell its 50.2% stake in containership giant Hapag-Lloyd after picking three banks to explore the possibility of an initial public offering (IPO). TUI says it has joined shareholder Albert Ballin- which con...
2010-12-08 07:03:34
Guangdong output to rise by 300% [Shipping]
According to official statistics, Guangdong Province of China has finished 2.5m dwt, rising by 200% against that of the same period last year. At the end of this year, it will be expected to rise by 300% at least. Chairman Yu Baoshan of Guangdong...
2010-12-07 14:25:09
Hyundai 'World Best Products' hit 31 [General]
Hyundai Heavy Industries added two more items on its 'World Best Products' list, approved by the Korean Ministry of Knowledge Economy, bringing the total to 31 items, which is the largest in the nation. MKE selected HHI's Gas Insulated Switchgear ...
2010-12-07 13:04:29
Wisdom loves only Japanese ships [Shipping]
Taiwanese Wisdom Marine Lines S.A. has become a world-class international shipping line owning over 60 ships since its establishment 11 years ago. As is reported earlier, the fleet would be escalated over 100 ships in next five years. Chairman Lan...
2010-12-07 12:20:54
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