Wartsila fears €1bn order cancellations
Finnish marine engine maker Wärtsilä has reported €51m ($68bn) in engine cancellations from its ship power division during the first quarter 2009, and said a further €1bn of orders could be axed. The Helsinki-listed company reported...
Engine makers may lose €2bn of orders
European engine makers believe over €2bn ($2.7bn) of their orderbook could be at risk as owners continue to walk away from contracts. Both MAN Diesel and Helsinki based Wärtsilä have stated that up to €1bn, about 15% of their respec...
MacGREGOR develops new AHTW
Cargotec’s MacGREGOR has developed anchor-handling towing winches (AHTW) with pulling powers of between 300 tonnes and 600 tonnes and will be able to supply them in both hydraulically and electrically-driven versions. “MacGREGOR aims to provi...
Top shipbreaker joins hands with Shaoguan
It is reported that as the largest ship-breaking company in Asia, Xinhui Shuangshui Shipbreaking & Steel Co Ltd signed a strategic cooperation agreement days ago with Shaoguan Iron & Steel Group Co Ltd indicating that they began their mutualism. As p...
Azipod propulsion pact between ABB and ZPMC
ABB and Shanghai-based ZPMC have signed an agreement for the production of propulsion solutions for deep sea offshore vessels. The two companies will jointly develop solutions for vessels that demand deep sea operating draughts, such as heavy carr...
Chinese steel plate oversupply looms ahead
China is expected to breach the 20.2-million ton (mt) mark, set in 2008, for ship plate production this year. Against this, Chinese shipbuilders are expected to consume 11.7 mt of ship plate, report quoted China Association of the National Shipbuildi...
IHI develops welding robot for SPB LNG tank
IHI Corp. has successfully developed an automatic welding robot designed to ensure more efficient production of the SPB (the self-supporting prismatic-shape IMO type-B) heat-proof LNG tanks, which are expected to command greater demands in the future...
Newbuilding recovery depends on iron ore prices
It looks that how soon the stalled newbuilding talks can be resumed largely depends on the ongoing negotiations on iron ore prices between Japanese steelmakers and major mining firms. "Newbuilding talks may begin moving ahead again as soon as iro...
Intersleek 900 improves Queen Mary 2 performance
Carnival Corporation reports positive performance results following the application of the fluoropolymer foul release coating Intersleek 900 for the underwater hull of Cunard's Queen Mary 2. Almost 6000 square meters of the liner's hull was hydro...
Type approval certification for OceanSaver
OceanSaver, the natural, environmental-friendly and corrosion reducing ballast water management system, announced full Type Approval Certification by the world’s leading classification company, DNV. The type approval certificate has been issued on ...
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