EC ends IACS case [General]
European Union regulators have ended their antitrust case against the International Association of Classification Societies (IACS) Wednesday after it agreed to let rivals access its activities and technical data, foreign media reports. IACS had propo...
2009-10-16 08:06:12
Wartsila adds Chinese licensee [Equipment]
Finland’s Wartsila has signed a deal with China’s Zhuhai Yuchai Marine Power to make and sell low-speed diesel engines in China. The licensing deal covers the electronically controlled RT-flex engines, which will be built in Zhuhai City, Guang...
2009-10-16 08:03:05
STX denies VLOC orders [Shipbuilding]
An official from South Korea’s STX Pan Ocean is denying that it has ordered eight very large ore carriers (VLOCs) at sister company STX Offshore & Shipbuilding. He says the shipowner is still keeping its options open after it inked a $5.84bn con...
2009-10-16 08:00:11
ESL cancels bulker [Shipbuilding]
Finland’s ESL Shipping has cancelled an order for one of two 18,800-dwt bulkers it has on order at India’s ABG Shipyard. The shipowner blamed delays for its decision to terminate the contract for the second of the two vessels, due in 2010. The...
2009-10-16 07:56:42
Euroseas eyeing boxships [Shipping]
Euroseas may make its next purchase in the containership sector, an Oppenheimer analyst said Thursday, foreign media reports. Scott Burk said that although the Nasdaq-listed owner's last three acquisitions have been bulkers, company management now...
2009-10-16 07:52:26
China builds flattop [General]
Jiangnan Changxing Heavy Industry under the wing of China State Shipbuilding Corp (CSSC) seems likely to build China's first aircraft carrier, according to local media reports. The flattop seems to be constructed at Jiangnan Changxing HI's No. 3 d...
2009-10-16 07:49:43
Japanese pioneer in PSPC-compliant ships [Equipment]
While new performance standard for protective coatings (PSPC) for ballast tanks is expected to rock the processes of shipyards, some of shipbuilders in Japan have begun to construct PSPC-compliant ships ahead of the others in the field, local media r...
2009-10-16 07:46:30
Blohm+Voss to be sold to UAE yard [Finance]
Germany’s ThyssenKrupp said Thursday that Abu Dhabi MAR Group will take an 80% stake in Blohm+Voss Shipyards as well as two other of the German company's shipyard subsidiaries. The memorandum of understanding also gives the UAE shipbuilding grou...
2009-10-16 07:43:15
Beleaguered yards turn to wind power [General]
Korean shipbuilding giants are diving headfirst into the wind power industry in the face of a sharp drop in new shipbuilding orders and the formidable challenge from Chinese rivals. Leading the pack are Hyundai Heavy Industries and Samsung Heavy Indu...
2009-10-16 07:40:53
Bulker overcapacity to hit 100% [Shipping]
Two vessels will be competing for every job in both the supramax and capesize bulker markets if there is no change to present scrapping and newbuilding cancellation patterns, a leading Greek shipbroker warned, foreign media reports. Supramaxes fac...
2009-10-16 07:37:41
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