Equipment
Hyundai Lifeboats develops yacht engine
The only Korean life boat manufacturer and a subsidiary of HLB, Hyundai Lifeboats independently developed its own engine for sailing yachts for the first time in Korea. Hyundai Lifeboats said last Friday that it has established a bridgehead for ad...
2010-02-22 07:29:41
Samsung keeps top
According to Clarkson Research Services statistics, global newbuilding orderbook has slipped below 500m DWT level for the first time in two years recording 7,986 vessels of 152.8m CGT and 492.4m DWT as of the end of January. The orderbook is now a...
2010-02-22 06:51:57
Wärtsilä wins advanced lubricating syst
Wärtsilä, the marine industry's leading ship power system integrator, has been awarded a contract by DSD Shipping AS of Stavanger, Norway to retrofit the main engines on four DSD Shipping vessels with the Wärtsilä Retrofit Pulse L...
2010-02-18 09:04:48
IMO discusses NGH carriers
Ministry of Land, Transport, and Marine Affairs (MLTM) announced on Feb. 17th that there had been a discussion on technological levels of structure and equipments of Natural Gas Hydrate (NGH) carrier at 14th Sub-Committee on Bulk Liquids and Gases (B...
2010-02-18 07:27:00
China’s steel production to double
Following a detailed 18 month internal study, the managing director of the world's largest mining company says steel production in China is set to double by 2025. BHP Billiton chief, Marius Kloppers, has told the ABC's Inside Business that he's o...
2010-02-17 10:12:59
Wartsila sells RT-flex35
Finland’s Wartsila has sold the first five of its new RT-flex35 two-stroke engines to a Chinese owner. Its licensee in China, Yichang Marine Diesel Engine, has signed a deal with Ningbo Donghai Shipping Co to deliver the units for chemical tank...
2010-02-17 08:32:02
MAN Diesel sales to fall
MAN Diesel expects sales to fall considerably this year due to the collapse of newbuilding orders. However, the engine manufacturer still expects return on sales to remain above the MAN group target of 8.5%. In 2009, MAN Diesel recorded new orders...
2010-02-17 08:28:11
Conflicting prospects for steel demand
Korea’s two major steel companies – Posco and Hyundai Steel – have revealed different prospects for the steel demand of Korean shipbuilding industry. The two majors also have developed different strategies on how much of its targete...
2010-02-17 07:37:06
CSSC shakes hands with Baosteel
China State Shipbuilding Corporation (CSSC) recently signed new round strategic alliance agreement with compatriot Baosteel Group in Shanghai. The presidents of the two giants were present in the ceremony as well. In 2009, financial crisis sto...
2010-02-16 14:34:44
Equip makers eye localization
The Busan Marine Equipment Association in South Korea is to hold its 19th regular general meeting on February 26th. On the same day, the BMEA plans to open the “Offshore Plant Equipment Localization Promotion Strategy Seminar”. The seminar ...
2010-02-16 12:00:25
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