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Equipment
China launches top-class yacht
On March 23th, Wuhan Nanhua Huanggang Jiangbei Shipyard launched a luxury yacht. ‘Absolutely it’s top level for Chinese shipyard,’ said Mr Yue who is vice general manager of Nanhua. In 2007, Nanhua started to involve in yacht building. Th...
2010-03-25 12:48:11
China steel demand to soar
China’s demand for iron ore will remain unabated for at least the next decade, Rio Tinto top executive Sam Walsh has said. “From 2008 levels, steel consumption in China is expected to double by 2020 due to continued urbanization in coastal pr...
2010-03-25 08:06:22
STX breaks 10m HP in large engine
STX Heavy Industries of Korea achieved accumulative 10 million horse power (hp) in large-sized engines production during the shortest period in the world. STX HI announced that it reached 10m hp in large-sized engine production with the successfu...
2010-03-24 10:22:23
ABS EEDI review mulls all factors
With the IMO’s Marine Environment Protection Committee (MEPC) meeting this week to discuss the development of technical and operational measures to reduce CO2 emissions from ships, including the Energy Efficiency Design Index (EEDI), a study by cla...
2010-03-24 10:03:35
Spar buys six supramax resales
Six supramax-bulker newbuildings on order at China's Yangzhou Dayang Shipbuilding, now destined for Norway's Spar Shipping, are all resale contracts. Spar picked up the 58,000-dwt vessels from the yard for $195m, the biggest deal ever for the comp...
2010-03-24 08:29:01
More S&M Face Liquidation Crisis
Restructuring of shipbuilding companies is to be promoted in earnest due to liquidity deterioration following persistent orders drought. Financial supervisory authorities and yards' creditor banks announced that they will enforce intensive restru...
2010-03-24 07:15:09
HHI tops 20m hp in mid-engine output
A Korean shipbuilding giant, Hyundai Heavy Industries' (HHI) accumulative medium-sized engine production achieved 20m horse power (hp) during the shortest period in the world. HHI announced on Mar. 22nd that it reached 20m hp in medium-sized engi...
2010-03-22 12:23:52
Samsung-Wartsila develop green engine
Wärtsilä and Samsung Heavy Industries (SHI) have signed a co-operation agreement to develop gas-fuelled merchant vessels. The intention is to jointly develop next-generation ships with efficient and competitive propulsion machinery conc...
2010-03-22 10:14:28
Hyundai May Cut Chinese Steel-Plate
Hyundai Heavy Industries, the world’s biggest buyer of steel plates, may pare purchases from China for the first time in five years as it builds fewer vessels and considers getting supplies from a new Korean mill. “There’s no reason for us ...
2010-03-22 08:13:33
2010 Offshore Leaders Convene
'The 1st Offshore Leaders Forum 2010' was successfully held on March 18th in Busan, Korea. The conference, as a part of the nation's offshore plant industry development project promoted by the Supporting Group for Southeastern Economic Area Leadin...
2010-03-22 06:31:02
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