Equipment
Wartsila order-intake grow
Wartsila maintains a new order growth. The Finnish corporation's pre-tax profit for the third quarter plunged to EUR 83m ($114.5m) from EUR 140m in the same quarter last year and net sales fell 18% to EUR 851m. Order intake, however, increased by...
2011-10-21 12:18:57
KOMEC targets overseas buyers
The Korea Marine Equipment Global Service Center (KOMEC) holds an export consultation session for overseas buyers during October 26-27. More effective PR and consultation are expected as it opens during 2011 Kormarine period. The session is held i...
2011-10-21 11:32:07
Next decade "Cost Era"
Clarkson Research head Martin Stopford said the coming decade, he told an audience at shipping accountant Moore Stephens in London, will be about keeping costs down. “This is going to be a cost decade not a revenue decade,” said the executive....
2011-10-21 07:37:42
Cargotec lands EUR25m order
Cargotec has confirmed a contract worth around EUR 25 million from a Chinese shipyard to deliver 104 MacGregor cargo handling cranes for 26 bulk carriers. The cranes will be delivered during 2012 and 2013, majority in 2013. The order is booked in...
2011-10-20 07:47:26
Rolls-Royce pens Environship
Rolls-Royce inked its first contract to provide complete design and integrated power and propulsion systems for two technologically advanced cargo vessels based on its Environship concept. The two general cargo vessels will be built at Tsuji Heav...
2011-10-20 07:35:45
Wartsila profit falls
Wartsila has reported weaker profit in its third quarter results. The company saw EUR 57m ($79m) shaved off its bottom line as pre-tax profit fell from EUR 140m in the third quarter of last year to EUR 83m in the same quarter of 2011. Bjorn R...
2011-10-20 07:31:36
Hyundai's HiMSEN into offshore
South Korea's Hyundai Heavy Industries puts spurs to expanding its engine market from marine/on-land power generation into offshore facility. Ulsan-based yard completed inclination type approval test for its HiMSEN engine (16H32/40V), in 25 degree...
2011-10-19 11:33:55
India new yard plan lukewarm
A new proposal from the ministry of shipping to set up of major integrated shipyard-cum-ports in the coastal states has received a lukewarm response. The ministry had written to the nine coastal states about the above plan in order to reduce traf...
2011-10-19 07:49:39
Sembcorp wins LNG modules
Singapore’s Sembcorp Marine has been awarded a $100m contract for the assembly of liquefied natural gas modules for the Australia Pacific LNG (APLNG) project in Queensland. The contract was awarded to Sembcorp’s wholly owned subsidiary SMOE b...
2011-10-19 07:34:36
Rolls-Royce wins equip orders
Rolls-Royce, the global power systems company, Monday announced orders worth around £18 million for the supply of Azimuth thrusters to power 18 new tugs being built in China. Qingdao and Yingkou Ports will take delivery of 12 new tugs, four ...
2011-10-18 07:30:22
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