China should slow expansion [Shipbuilding]
China’s quest to become the world’s No. 1 shipbuilding nation should be put on ice to prevent stretching overcapacity in the industry, Clarkson Research Services head says. China has pushed state banks to provide funds for newbuildings to main...
2009-12-04 07:04:35
Daewoo inks offshore windfarm vessels [Offshore]
Daewoo Shipbuilding & Marine Engineering has won an order for two support vessels for the construction of offshore wind power generation capacity. Germany’s renewable energy company RWE Innogy has placed a firm order for two wind turbine instal...
2009-12-04 06:59:36
SPP moves into a new complex [General]
SPP Group, South Korea’s shipbuilding group of middle standing, will move its two subsidiary companies SPP Heavy Industries and SPP Steel Pipe into Yulchon Industrial Complex in Suncheon city, South Jeolla province. The city said Thursday that S...
2009-12-04 06:25:51
Cargotec launches new hatch cover [Equipment]
A good example of Cargotec’s focus on environmentally-responsible engineering solutions is MacRack, an electric-drive innovation for MacGregor side-rolling hatch covers which combines two operations: raising a cover, and moving it sideways to open ...
2009-12-03 13:53:58
MOL announces ISHIN II [Shipping]
Japan’s MOL has revealed details of its second next-generation vessel - an LNG-powered ro-pax. The ship, still a design at this stage, is called ISHIN II and is billed as an eco-friendly passenger and cargo ship. The use of LNG will reduce C...
2009-12-03 13:26:02
Cosco eyes nuclear-powered ships [Shipping]
China Ocean Shipping Group is studying the possibility of nuclear powered commercial ships as it looks for alternatives to fossil fuels in the future. Cosco president and chief executive Wei Jiafu said that the industry needed to consider alterna...
2009-12-03 13:18:12
DNV joins hands with SMU [Shipping]
The president of Shanghai Maritime University (SMU) Yu Shicheng and DNV vice president and regional manager for Greater China Jörg Beiler signed a strategic partnership agreement Wednesday to establish the ‘SMU-DNV International Cooperation Ce...
2009-12-03 13:06:23
Hyundai Corp sale to be finalized soon [Finance]
Korea Exchange Bank (KEB), a main creditor of Hyundai Corp., said Monday it will seek to complete the sale of the South Korean trading company by no later than mid-December. Hyundai Heavy Industries, the world's biggest shipbuilder, was picked as...
2009-12-03 13:00:20
Hyundai shuffles executives [General]
South Korea’s Hyundai Heavy Industries Group, including Hyundai Heavy Industries, Hyundai Mipo Dockyard and Hyundai Samho Heavy Industries, announced Thursday that it has carried out regular personnel changes for 2009. A total of 64 executives w...
2009-12-03 12:09:47
ABG out of race to buy Great Offshore [Finance]
India’s ABG Shipyard has quit the race to acquire a controlling stake in Great Offshore after selling nearly all its shares in the offshore vessel company. The move leaves the way clear for rival Bharati Shipyard to build a controlling stake in...
2009-12-03 07:39:37
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