Equipment
Posco : No interest on Daewoo
Posco, South Korea’s largest steel mill, is not interested in re-entering the race to take over Daewoo Shipbuilding & Marine Engineering. Chung Joon-yang, CEO of Posco, said that we have not reviewed the possibility of the acquisition. In Janua...
2009-11-10 11:30:22
STX, Completion Engine plants in China
Annual engine production capability of 3.6 mil horsepower with 6 billion yuan (1 trillion 40 billion won) sales. The recent construction of two engine plants in Dalian and Fu Shun, China, takes STX a step closer to establishing a global plant s...
2009-11-09 08:47:18
Fincantieri team up with ABB
Fincantieri, Italia, has recently entered into an agreement with ABB, a power and automation technology group. The two organizations are to collaborate on the construction, marketing and supply of high-voltage shore connection (HVSC) systems to pr...
2009-11-09 05:31:56
CSSC expands marine engine business
China's large shipbuilding conglomerate China State Shipbuilding Corporation (CSSC) said its marine diesel engine operation has taken a big hit from a considerable amount of order cancellations made by compatriot small privately-owned shipyards. But ...
2009-11-05 13:57:24
MAN Diesel lands €100m contract
MAN Diesel said it has recently signed a contract worth over EUR 100m ($147.2m) with Turkey's Karadeniz Powership to supply 24 main engines and other power facilities for four power generation plant ships. Of the 24 engines, 21 are 18V 51/60DF dua...
2009-11-04 12:31:03
STX opens next-generation core factory
South Korea’s STX Business Group subsidiary STX Enpaco, a marine engine core component manufacturer, held a ceremony on November 3rd for the completion of its new factory in Daegu city, which was attended by STX group chairman Gang Duk-su and high-...
2009-11-04 06:44:05
China’s iron ore appetite still strong
Rio Tinto, the world's second-largest iron ore miner, said Chinese demand for iron ore remains strong and major producers are unlikely to meet all the demand. "We are still seeing a very robust market in China," Sam Walsh, head of the group's iron...
2009-11-03 07:21:58
MAN Diesel targets China coastal market
Faced with almost no new contracts in recent months, MAN Diesel has identified a new sector of the Chinese market, which it is targeting with two new engine designs more. The Chinese coast and the Yangtze River are amongst the world's busiest shippin...
2009-11-02 07:06:38
Engine makers face doomsday
A doomsday scenario for engine manufacturing in Europe has been described by MAN B&W senior vice-president Ole Groene. He says production is disappearing because of the shift to licensees in the Far East and as shipyards’ order backlog dwindles. ...
2009-11-02 06:55:13
Chinese steel prices inch up
According to local media reports, Chinese shipbuilding steel plate prices have continued to fall since the turn of October but in the last week of the month they made a small rally. The prices for shipbuilding thick steel plates rose by CNY 20-60 ...
2009-10-28 14:05:34
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