S&M new orders plunge [Shipbuilding]
Korea's small- and medium-sized shipbuilders, which saw new orders for bulkers recover in the first half of this year, are now suffering from orders drought again since the third quarter. The country's S&M shipyards, except the 'Big 7' including H...
2010-10-27 07:48:43
Japanese in race to develop green engine [Equipment]
Major Japanese shipbuilders are developing engines that produce less exhaust gas in preparation for more stringent international emissions regulations in 2016. Mitsui Engineering & Shipbuilding in December will begin testing a large next-generati...
2010-10-27 07:32:05
Bulkers rising on strong Chinese demand [Shipping]
Overcapacitated or not, the dry bulk market keeps its positive momentum with the Baltic Dry Index (BDI) rising by 0.77% to 2,748 points on October 25th. Strong iron ore and thermal coal demand from Chinese buyers has been the main reason for this...
2010-10-27 07:28:50
Cochin gets coast guard order [General]
India’s Cochin Shipyard will build 20 fast patrol ships for the country’s coast guard in a deal worth INR 15bn ($338m). The yard now has an orderbook of 36 vessels totalling INR 60bn. The patrol vessels will have a speed of 35 knots and a...
2010-10-27 07:26:00
STX orders Hamworthy technology [Equipment]
Hamworthy Serck Como has secured a new order for its Multi Stage Flash (MSF) Evaporators, the technology regularly specified by leading cruiseship owners as the means of producing fresh water from seawater to meet World Health Organization (WHO) pota...
2010-10-27 07:23:08
Yangzijiang Q3 profits soar [Shipbuilding]
Yangzijiang Shipbuilding (Holdings) Ltd has seen third quarter profits jump by 32% from a year ago to CNY730m ($110m). The Singapore-listed Chinese shipbuilder was helped by a 19% increase in revenues to just under CNY3.1bn during the period. ...
2010-10-27 07:15:18
Keppel adds dry docks in Europe [Offshore]
Keppel Verolme, part of Keppel Offshore & Marine, is buying its three graving docks from the Port of Rotterdam for Euros 10 million. The port took ownership of the graving docks from Verolme Botlek in 2000. Keppel O&M subsequently acquired Verolm...
2010-10-27 07:12:47
MHI, Doosan sign turbocharger deal [Equipment]
Japan's Mitsubishi Heavy Industries (MHI) and Korea's Doosan Engine have signed an agreement under which MHI will license manufacturing and marketing of its MET Turbocharger, a supercharger for marine diesel engines, to the Korean firm. By establishi...
2010-10-27 07:09:38
Daewoo pens Auxiliary Towing Salvage [Shipbuilding]
Korea’s Daewoo Shipbuilding & Marine Engineering has inked an order for a towage salvage vessel for the country’s navy. The shipbuilder said the Auxiliary Towing Salvage, dubbed ATS-∥, is worth KRW 160bn (about $140m). It will be design...
2010-10-27 07:05:31
Taizhou: Freight rises [Shipping]
Mr Sheng Guoping, who was a machinery manager of a fishing company in Taizhou China, was always feeling frustrated since financial crisis broke out due to oversupply and cargo shortage. But recently, the freight rate rose sharply. It seemed beyond hi...
2010-10-27 06:57:57
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