CMA CGM returns to profit [Shipping]
CMA CGM said Monday that it turned an operating profit in the fourth quarter and expects a brighter revenue picture to come, foreign media reports. The French liner operator provided the glimpse of its financial health after seating its newly for...
2010-01-19 07:38:09
Cassens Werft rehabilitated [Finance]
A group of investors has purchased German yard Cassens Werft, ending the Emden-based shipbuilder’s 17-month insolvency proceedings, foreign media reports. Company management has not changed, and all 70 employees are expected to keep their jobs. ...
2010-01-19 07:36:17
DNV-CNOOC establish offshore committee [Offshore]
Norwegian classification society DNV has recently established a Greater China Offshore Committee which will be chaired by Zhou Shouwei, vice general manager of CNOOC (China National Offshore Oil Corporation) and academician of the Chinese Academy of ...
2010-01-19 07:32:34
ThyssenKrupp exits shipbuilding [Shipbuilding]
Germany's ThyssenKrupp will seek to complete its exit from civilian shipbuilding by selling remaining activities to Abu Dhabi MAR, weekly Der Spiegel reported. In pre-release abstracts of the article, Der Spiegel also said it was an open question...
2010-01-19 07:30:17
USC and Gazprombank co-op [Finance]
Gazprombank and United Shipbuilding Corporation (USC) have signed a cooperation agreement, the bank press office reports. Under the agreement, the bank will provide comprehensive financial and consulting services for USC. Gazprombank will provide loa...
2010-01-19 07:26:17
Grandweld inks 3 tugs [Offshore]
Grandweld, a United Arab Emirates-based shipbuilding, ship repair and conversion specialist, has secured a major contract worth $128 million for the construction of three new Salvage Tugs for Sogeport-GICEP of Algeria. Grandweld is a division of ...
2010-01-19 07:17:46
Half of German to go bust [Finance]
Germany’s Meyer Werft head says the country’s shipyards are facing a wave of bankruptcies, foreign media reports. “I am afraid that about half of the German shipbuilding capacities may be lost,” said Meyer Werft chief executive Bernhard Me...
2010-01-19 07:13:46
Total recognizes Sungjin for accident-free work [Equipment]
South Korea's plant facility manufacturing specialist Sungjin Geotec said it has been recognized by France's Total for its accident-free production. The plant builder said on January 15th that it has been awarded an appreciation plaque from Tota...
2010-01-19 06:51:09
MAN switches propellers for fuel efficiency [Equipment]
MAN Diesel, one of the world’s leading diesel engine manufacturers, recently announced that it has switched propellers of Scandlines’s two ferries which are plying in some countries like Sweden and Germany, and thus enhanced the fuel efficiency o...
2010-01-19 06:44:36
Japan output down [Shipbuilding]
The Maritime Bureau of Japan’s Ministry of Land, Infrastructure, Transport and Tourism (MLIT) summed that a total of 30 ships of 1.5m grt were given building permits in December 2009, down by 42% month-on-month on grt terms. Aggregate tonnage e...
2010-01-19 06:40:38
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