Equipment
Rolls-Royce provides gas engines
Rolls-Royce, the global power systems company, is to provide gas engines and main azimuth thrusters for a double ended passenger/vehicle ferry to be built for the Norwegian operator Fjord1. The vessel will be the world’s largest gas engined ferry. ...
2010-09-20 08:23:51
Hamworthy in £20m Chinese deal
UK marine systems company Hamworthy has won a £20m ($31.41m) deal to sell gas carrier equipment into China. The company said the contract with Nantong Sinopacific Offshore & Engineering entails supply of cargo-handling systems for six 12,00...
2010-09-20 07:53:51
DSME mulls DSEC IPO?
Daewoo Shipbuilding & Marine Engineering finally looks like it is going to float its design wing as it applies for a listing. Daewoo Ship Engineering Co (DSEC) has applied for an initial public offering in South Korea, reports indicate. No de...
2010-09-20 07:51:53
Jinhai bags Frontline VLCCs: Price cut
Norway's Frontline has negotiated a price cut for four VLCCs at China’s Jinhai Heavy Industry (former Zhoushan Jinhaiwan Shipyard) and signed up for a fifth in the series. The restructuring of the order leaves the owner with a total bill of $52...
2010-09-20 07:46:15
MAN introduces Diesel Switch
MAN Diesel & Turbo SE has introduced the Diesel Switch, designed to eliminate fuel changeover problems Shipowners and operators now have to operate their MAN B&W two-stroke main engines on ultra-low sulfur fuels in defined marine zones. In additi...
2010-09-17 08:49:52
Datang secures ship finance
Datang Shipping, an offshoot of one of China’s largest energy producers, has signed an agreement with sister firm Datang Finance to secure CNY280m ($41m) for a ship expansion program. Under the 15-year agreement, Datang Finance will buy two 45,...
2010-09-17 08:47:20
Cargotec boosts offshore biz in Brazil
Two new offshore support vessels owned by Navegação São Miguel and destined for long-term charter to Brazilian operator Petrobrás, will feature a suite of MacGregor offshore equipment As part of Cargotec’s plans to f...
2010-09-17 08:31:43
Japanese plate demand to exceed 6m tons
JMB reported that Japanese plate demand will be 6.3 million tons in second half of fiscal 2010 ending Mach 2011 as the first half. As per report, the demand is expected to increase from originally expected around 6 million tons in the first half ...
2010-09-16 08:30:14
STX wins Posco deal
STX Pan Ocean has landed a 20-year contract from compatriot steel giant Posco to ship coal and iron ore. The South Korean diversified shipowner is bagging $420m from the deal which is set to kick off in less than a year. STX’s deal, struck ...
2010-09-16 08:12:12
Capesizes face excess supply
Oversupply of tonnage is developing that will suppress rates into 2012, says report from DnB Nor Markets. Around 315 capesize newbuildings set for delivery within the next three years will not be able to find work because iron ore and coal demand...
2010-09-15 08:28:55
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