Blount Boats adds new orders [Offshore]
Blount Boats, Inc., Warren, R.I., has been adding to its order book. Recent contracts include an award by the Maine Department of Transportation to build a 110-foot passenger ferry for the Casco Bay Island Transit District. The design specificati...
2010-12-02 08:00:05
Wärtsilä offers dual fuel solution [Equipment]
Wärtsilä is cooperating with Ship Architects, Inc., Daphne, Ala., to bring natural gas fueled propulsion to America's waterways. The companies have together developed a new concept of towboat design that employs Wärtsilä 20DF ...
2010-12-02 07:55:57
Boxlines set to post all-time high profit [Shipping]
Major boxlines are on track to post record profits of $13bn this year, a dramatic turnaround from last year’s combined $15bn loss, according to French analysts Alphaliner. The third quarter of this year was the best three months ever in the his...
2010-12-02 07:53:40
Drydocks builds Compact Semi-Sub [Offshore]
Drydocks World recently held a keel laying ceremony for a state-of-the-art Compact Semi-Submersible (CSS) vessel. ‘The Derwent’ is being built for integrated energy services provider Hallin Marine Subsea International Ltd, a Superior Energy S...
2010-12-02 07:49:27
Northrop Grumman grabs $480m order [Equipment]
Northrop Grumman Corporation reports that the U.S. Coast Guard has awarded its shipbuilding sector a $480 million fixed-price incentive contract for construction of a fourth National Security Cutter (WMSL 753). Construction and delivery will be p...
2010-12-02 07:44:49
US yard Derecktor wins hybrid ferry [Offshore]
Statue Cruises, a subsidiary of Hornblower Cruises & Events., has signed an agreement with Derecktor Shipyards in Bridgeport, Conn., to complete the world's first hybrid ferry using hydrogen fuel by April 2011. The new 1,400-horsepower Hornblower...
2010-12-02 07:23:13
COSCO inks 82K BC's [Shipbuilding]
China's Cosco Dalian Shipyard has inked orders for three more kamsarmax bulkers. It will build the 82,000-dwt trio for unnamed European and Chinese owners. In a statement Cosco said this latest deal is worth upwards of $110m. For all of t...
2010-12-02 07:16:49
Sinopec and CSD set up joint-stock company [Finance]
On November 30th 2010, Sinopec Kantons Holdings Limited (Kantons Holdings) announced that it would cooperate with China Shipping Development Company Limited to establish joint-stock company in Hong Kong, with registered funds of $5m . Kantons Hold...
2010-12-02 01:12:42
Idle boxship fleet to hit 5% [Shipping]
On November 29th 2010, a investment strategy report meeting was held in Shanghai. Analyst Li Guanghua of Guojin Securities Company thought the idle boxship fleet would reach 5%. Li said basically Chinese container shipping market showed uptrend.....
2010-12-02 01:11:23
Chinese faces cost rising [Equipment]
China Association of the National Shipbuilding Industry (CANSI) issued monthly report on November 30th that Chinese shipbuilding industry faced severe problems this year such as labor cost rising, CNY appreciation, and material price surging. The ...
2010-12-02 01:10:10
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