NYK orders 175K iron sand carrier [Shipbuilding]
NYK and New Zealand Steel Mining (NZSM), one of the largest mining companies in New Zealand, have agreed to extend their current contract for an additional 15 years for the transport of iron sand from New Zealand to China and Japan. Shipments under ...
2010-10-01 07:52:42
STX floats OSV division [Finance]
STX Europe is planning to list its Offshore & Specialized Vessels division in Singapore. Confirmation of a potential IPO for the shipbuilder’s most profitable unit comes two years after its takeover of Aker Yards. In a statement STX Europe ...
2010-10-01 07:25:24
STX Dalian accelerates output [Shipbuilding]
South Korea's STX Business Group's Chinese shipyard STX Dalian Shipbuilding Complex, constructed in Changxing Island, Dalian, Liaoning Province, China two years ago, is now stably building vessels by launching two ships in a row in less than two week...
2010-09-30 12:47:24
Hyundai Samho inks Panama project [Equipment]
Hyundai Samho Heavy Industries announced today that it has recently been awarded a $190m Valves and Appurtenances supply contract for Panama Canal 3rd Set of Locks Project. The South Korean shipbuilder won the contract from Grupo Unidos Por El Can...
2010-09-30 12:05:07
Western Marine wins ferry [Shipbuilding]
A Danish ferry company has ordered a new ferry in Bangladesh in a further boost to the country’s fledgling shipbuilding industry. Hundested-Rorvig has ordered the ship at Western Marine Shipyard in Chittagong, with delivery in Denmark due for e...
2010-09-30 08:31:05
Changing face of Australian shipbuilding [Shipbuilding]
“When last presented in Perth in 2003, the AUSMARINE exhibition was dominated by the local shipbuilding industry, particularly builders of fast ferries, fishing and patrol boats,” said organiser Kishore Navani. “There were no foreign domici...
2010-09-30 08:28:17
LR focuses on Far East [Shipping]
Lloyd’s Register (LR) is set to focus more of its activities on China and the Far East, its chief executive said. Richard Sadler, speaking at a shipping conference in Beijing, said that without a doubt people will see more of LR’s activities ...
2010-09-30 08:26:06
Wartsila engines sink [Equipment]
A barge carrying six Wartsila engines has gone down off the coast of Italy. The 12V46 engines were en route from Fincantieri’s shipyard in Monfalcone to Marghera when the vessel was hit by a “tornado”. The engines were destined for a Carniv...
2010-09-30 08:23:54
Fincantieri cuts more jobs [General]
More jobs are to go at the Italian shipbuilder Fincantieri this and coming years due to a shortfall of work. The shipbuilder said its backlog of EUR 6.7 billion ($9.1 billion) was not enough to “saturate the production capacity of the Group’s...
2010-09-30 08:22:24
Brazilian secures $670m financing [Finance]
South American shipowner Wilson Sons Ultratug is poised to take a bigger bite of the Brazilian offshore market after penning a $670m loan pact with the Brazilian Development Bank (BNDES). The company's Sao Paulo-listed affiliate, Wilson Sons, say...
2010-09-30 08:16:19
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