Equipment
Nippon to lift steel prices
The world second largest steel producer, Japan's Nippon Steel, has announced it will advance the price of steel plates used for ships and automobiles by 20% or JPY 20,000 ($244) per ton from April. This seems driven by a rapid jump in raw materia...
2011-02-28 07:40:48
VLCC change to LNG carriers
John Angelicoussis is said to be negotiating the conversion of three VLCC-newbuilding slots into two LNG-carrier berths. The Greek shipowner currently has seven VLCCs on order. Four of the 320,000-dwt vessels were contracted at Daewoo Shipbui...
2011-02-28 06:39:43
Daewoo to produce first wind tower
Korea's Daewoo Shipbuilding & Marine Engineering announced yesterday that it will launch the first production of wind turbine towers at its manufacturing plant of wind turbine tower and blade located in Pictou County, Nova Scotia, Canada in May. ...
2011-02-25 10:17:37
Rolls-Royce in £50m anchor handling order
Rolls-Royce, the global power systems company, has been awarded a contract by STX OSV Trading to supply technologically advanced anchor handling systems. The equipment will be installed on three vessels operated by offshore services company Norsk...
2011-02-25 08:32:34
IP & Hempel hike coating prices
International Paint is to initiate product price rises as global raw material costs spiral. “During 2010 the cost of raw materials critical to the manufacture of both our marine and protective coatings’ product ranges increased significantly...
2011-02-24 07:23:24
Cosco boosts profit with $2.1bn orders
China's shipbuilder and bulker owner Cosco Corp (Singapore) managed to significantly boost net profit on the back of increased sales and cost cutting but its dry-bulk division suffered in a weak market. Such continued weakness was also one of the...
2011-02-23 06:53:53
Opec to reduce crude loadings
Opec is likely to scale back crude loadings this month as winter fuel demand ebbs. UK analyst Oil Movements said vessels will ship 23.91m barrels per day (bpd) in the four weeks to 5 March. This is down 0.5% from 24.03m bpd in the month to 5 ...
2011-02-22 06:57:27
Equipment producers made poor results
Most of Korea's shipbuilding equipment suppliers saw a poor performance last year. TAEWOONG revealed its sales of 2010 decreased by 35.38% versus 2009 to KRW 345.6bn ($310m) and both of its operating profit and net profit dropped by 80.48% and by...
2011-02-21 11:50:30
Hyundai localizes over 98% parts
Korea's Hyundai Heavy Industries seems to be rolling out a very effective new order strategies to create the biggest margin in the shortest time by concentrating on a specific ship type, which stands for competitive advantages. Hyundai's strategi...
2011-02-21 07:42:48
International Paint develops eco-paint
It is revealed that the ships sprayed with International Paint's fluor-polymer foul release anti-fouling paint emit less CO2 by 9% on average. According to a report presented by professor James Corbett in a press conference held in London last Thu...
2011-02-21 07:33:48
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