Changes of speed needed
Slow and extra-slow steaming were born of desperation as first oil prices soared just when many lines had locked themselves into all-in prices, and then cargo volumes collapsed last year. Ocean carriers were able to sell the concept to their cust...
NK commits $25m to cutting GHG emissions
ClassNK Chairman and President Noboru Ueda (pictured) recently announced to the press that ClassNK will commit 2.2 billion yen (US$25 million) in research and funding as part of its participation in a national joint R&D program to reduce maritime gre...
L-3 Showcase at APM 2010
L-3 Marine & Power Systems will present its latest integrated solutions for the merchant marine and offshore markets in booth 3K41 at Asia Pacific Maritime 2010 to be held March 24–26 in Singapore. The newest version of L-3’s dynamic positio...
‘Low Sulfur Fuel’ issue highlighted
More than 190 members of the Greek shipowning and operating community attended a comprehensive seminar in Athens on issues associated with the requirement to burn low sulfur fuels in the existing Sulfur Emissions Control Areas (SECAs) and in European...
‘June Crisis' rumor arises
Emergency light is on in small and medium-sized shipbuilding equipment manufacturing companies due to prolonged recession of shipbuilding industry. In some cases, acquired plant sites were abandoned with no hope for shipbuilding industry's recover...
Steel price to rise $126/t
Steel prices are forecast to rise by up to KRW 145,000 ($126) per ton in South Korea. Samsung Securities said in its latest report that if coal and iron ore prices rise by 55% and 80% each, the level of price hike raw material suppliers are reques...
China to build 20 river cruises
‘Chongqing intends to build 20 luxury inland-river cruise ferries in three years,’ said Mr Tan Qiwei who is the member of National People's Congress (NPC) and deputy mayor of Chongqing City. As the largest city in West China, it already owns 1...
Shipowners turn to dry sector
A total of 167 dry cargo ships (including multi-purpose vessels) have swapped hands for an aggregate of $2.7 billion during the first two months of 2010. According to the latest monthly statistics compiled by N.Cotzias Shipping Group, these ships...
Daewoo-Canada JV for wind turbine
Daewoo Shipbuilding & Marine Engineering (DSME) of Korea is targeting North American wind market by constructing a wind turbine factory in Canada. DSME announced on Mar. 8th that it will establish a joint venture for wind turbine production inve...
Green Shipbuilding Rush
Korean major shipbuilders are making tangible results in environment friendly shipbuilding satisfying new standards of 2011 by IMO. Hyundai Heavy Industries completed eco-friendly engine development, which decreased nitrogen oxides emissions by 15...
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