‘Foster renewable energy biz’, ambassadors [General]
As the worldwide efforts, including Korea putting up the banner of ‘Green Growth,’ to foster new renewable energy industry are in full swing, ambassadors from the advanced countries familiar with the renewable energy have set forth their views on...
2010-02-17 07:34:32
Capes fund gets approval [Finance]
The Ministry of Land, Transport, and Maritime Affairs (MLTM) of Korea announced that it has approved 'Badaro the 14th Ship Investment Company', the first ship fund aiming at newbuildings after the downturn of shipping industry. This fund is expect...
2010-02-17 07:32:11
Giants inactive for order intake [Shipbuilding]
Persistent depression of shipbuilding industry is having influence on shipbuilding companies' business pattern. According to an industry source, the world's largest shipbuilder Hyundai Heavy Industries (HHI) of Korea downward targeted its sales of...
2010-02-17 07:30:14
China’s luxury cruiseship dream [Shipbuilding]
The construction technology of liquid natural gas (LNG) carrier and luxury cruiseship is recognized as the pearl on the crown of global shipbuilding industry. At present, China is capable of mass production for LNG carriers but the luxury cruisesh...
2010-02-16 14:46:43
CSSC shakes hands with Baosteel [Equipment]
China State Shipbuilding Corporation (CSSC) recently signed new round strategic alliance agreement with compatriot Baosteel Group in Shanghai. The presidents of the two giants were present in the ceremony as well. In 2009, financial crisis sto...
2010-02-16 14:34:44
SPP confirms 5 bulker orders [Shipbuilding]
Korea’s SPP Shipbuilding and SPP Plant & Shipbuilding have clinched five-bulker orders this month worth about $165m in total from three Greek shipowners. Modion has inked one 82,000-dwt bulker and Iason Hellenic has booked two 82,000-dwt bulkers...
2010-02-16 14:10:38
German cancels 12,800-teu boxships [Shipbuilding]
German KG financier Lloyd Fonds said that two 12,800-teu super post-panamax vessels ordered from Hanjin Heavy Industries & Construction Philippines will not be built. Four others may also be cancelled. The ships are part of an eight-ship order joi...
2010-02-16 13:37:32
Equip makers eye localization [Equipment]
The Busan Marine Equipment Association in South Korea is to hold its 19th regular general meeting on February 26th. On the same day, the BMEA plans to open the “Offshore Plant Equipment Localization Promotion Strategy Seminar”. The seminar ...
2010-02-16 12:00:25
Wärtsilä enters BWT system [Equipment]
Wärtsilä Corporation and London, Ontario, headquartered Trojan Technologies have signed an exclusive agreement to jointly develop, market, and distribute a ballast water treatment product for ships. The two hope to get synergistic benefits ...
2010-02-16 09:42:52
Booming on scrapping [General]
Shipowners have proven the most active in scrapping older vessels during January, according to the latest weekly report by shipbrokers and consultants N. Cotzias Shipping Group. In total during the first month of 2010, 87 ships of all types were...
2010-02-16 09:34:02
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