Equipment
Falling ship prices to boost orders
Falling newbuilding prices, which are down around 35% to 45% from the peaks in 2008 depending on ship size and type, should help kick-start orders again, even if funding problems persist, says broker Barry Rogliano Salles (BRS). The increased pace...
2010-03-15 07:46:56
China steel plate output down 31%
According to the statistics of Mysteel, China steelmakers produced 14.0653 million tonnes of ship plates in all last year down by 30.6% or losing 6.202 million tonnes from 2008. Industrial experts noted that under the hit of global financial cris...
2010-03-15 07:35:25
POSCO to hike domestic steel price
Seoul-based HMC Investment Securities forecasted that Korea's largest steel maker POSCO's domestic steel price to increase in near term following the rise in coking coal prices. Park Hyun-wook analyst said, "Japanese steel companies agreed on 55% ...
2010-03-15 07:22:35
HHI ventures into Japan's solar market
Hyundai Heavy Industries, the world leading shipbuilder, said Friday it is seeking to tap Japan's solar energy market as part of an effort to diversify its revenue sources. The shipbuilder, which sold solar cells for industrial uses to Japan for t...
2010-03-12 12:45:16
Aker Phil launches 9th of 12 series
On Thursday, Aker Philadelphia Shipyard, a leading U.S. commercial shipyard, launched Ship 013, the ninth product tanker in a series of 12 to be completed by 2011. The 46,000 dwt vessel was floated off of its blocks and was transferred by tug fro...
2010-03-12 07:45:58
KSP operating profit up 488%
KSP, a valve for low-and-mid speed ship engines supplier of Korea, posted KRW 8.4bn (USD 7.4m) of operating profit for 2009, up by 488.4% compared to last year in its public announcement on Mar. 10th. Net profit was KRW 20.3bn, up by 156.1%, whi...
2010-03-12 07:34:18
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...
2010-03-11 08:37:20
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...
2010-03-10 07:14:00
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...
2010-03-10 07:11:42
‘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...
2010-03-10 07:07:25
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