Equipment
HHI large engine output 'Over 100m! BHP'
Hyundai Heavy Industries set a new milestone in producing large marine engines as the accumulative production volume surpassed 100 million brake horsepower (bhp) for the first time in the world. The South Korean shipbuilder and engine maker said o...
2010-09-29 13:02:53
Bharati new yard delays
Bharati Shipyard has admitted its new Mangalore yard is behind schedule. It has blamed delays on pending government clearances and difficulties in acquiring land for what would be its sixth shipyard. “There is a slight delay in Mangalore be...
2010-09-29 08:39:29
Doosan awarded $52m power plant
Korea's Doosan Engine has been awarded a KRW 60bn ($52m) diesel power plant construction deal by Bangladesh's NMPTCL. Both companies held a signing ceremony for the deal in Dhaka on September 27th. Under the contract, Doosan will construct a 10...
2010-09-28 12:28:22
500 cancellations fail to solve overcapacity
The threat of overcapacity continues to haunt the dry-bulk market despite the cancellation of more than 500 newbuildings during the past 12 months, a new report says. The capesize, post-panamax, panamax and supramax sectors face an “alarming”...
2010-09-28 08:42:29
Shipbreaking edges higher in August
With the Baltic Dry Index (BDI) now on the downslide and tanker rates posting heavy falls during the previous weeks on oversupply issues, ship owners around the world took a second look on their ageing vessels, many opting to finalize scrapping deals...
2010-09-28 08:33:13
MAN Diesel new licence agreement
MAN Diesel & Turbo has signed a four-stroke license agreement with Rong An Power Machinery, the Chinese marine engine manufacturer. Dr. Stephan Timmermann, Executive Board Member MAN Diesel & Turbo, and David Deng, President Rong An, signed the n...
2010-09-28 08:15:17
Chartworld buys CMA CGM newbuilds
Chartworld Shipping has joined the list of Greek owners entering the containership market with the purchase of four newbuildings originally ordered by financially strapped CMA CGM. Chartworld, better known as a conventional reefer owner, took del...
2010-09-27 08:08:21
Chinese demand for steel plates to rise
Zhang Jiaguo, head researcher at the China Shipbuilding Industry Corporation (CSIC), stated at the Far East Steel Conference held recently that, while in 2006-2010 total Chinese demand for shipbuilding steel was 41.52 million mt, equivalent to an ave...
2010-09-27 08:01:25
Korean steel plate market heats up
Korean shipbuilding steel plate suppliers are faced with 'survival game' as the prices for steel plates turn downward. Since the fourth quarter of this year steel plate import prices from China and Japan are falling and Korean domestic plate price...
2010-09-27 07:02:57
MAN Diesel readies ME-GI gas engine
MAN Diesel & Turbo has announced plans to carry out full-scale ME-GI testing at the company’s Copenhagen test centre. MAN Diesel & Turbo has decided to make a full-scale demonstration and performance verification test of the GI principle for all ki...
2010-09-27 06:26:21
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