Equipment
Vale pays $115m for 400K VLOC: Daewoo
Vale is said to be paying $460m for the quartet of very large ore carriers ordered at Daewoo Shipbuilding & Marine Engineering. Brokers are reporting that the Brazilian miner is paying $115m each for the 400,000-dwt ships, which were ordered at th...
2009-10-02 07:23:47
Vale eyes Asian listing
During the week when Brazil’s Vale is rumored to have ordered four 400,000-dwt VLOCs at South Korea’s Daewoo Shipbuilding & Marine Engineering, the Brazilian mining and logistics giant has also let it be known that it would like to be listed in o...
2009-10-01 11:56:32
Brazil imports steel for newbuildings
Brazil plans to import steel plate from China and South Korea for Transpetro’s massive newbuildings. Although Brazil is one of the world’s top steel producers, a considerable share of the plate for the 49 tankers and gas carriers to be built f...
2009-09-30 07:26:41
BWMS treaty takes effect in 2010
Activity toward the installation of ballast water management systems (BWMS) is increasing. Information has surfaced that Panama, the largest ship registry nation, will ratify a treaty early next year and now focus is shifting to when it will come ...
2009-09-30 07:11:17
Dutch shipbuilder plans Indian unit
Dutch shipbuilding group IHC Merwede plans to set up a facility in India to manufacture dredging equipment. “We are planning to set up a unit in India in the next few years as the Indian maritime industry is growing,” IHC Merwede Dredging and ...
2009-09-29 11:54:28
STX develops new cargo oil pump
South Korea’s STX Enpaco has developed cargo oil pumps, the core equipment to product and chemical tankers. The company announced Monday that the new product has passed type approval test of Korean Register of Shipping. Accordingly, STX Enpac...
2009-09-28 11:00:13
Vale eyes 100 ships
Brazil’s iron ore producer Vale is expected to continue a large-scale fleet expansion. The world’s largest iron ore supplier has so far secured a total of 57 ships which can transport about 55m tons of iron ore a year but it is reportedly plan...
2009-09-28 06:17:05
Russian buys ship design firm
Russia’s Krasnoye Sormovo shipyard has bought out its ship design partner Volga-Caspian Design Bureau (VCDB). The Nizhni Novgorod shipbuilder, part of the MNP Group, now has 100% of the shares. It owned no stock previously. In January, the yard ...
2009-09-25 07:12:05
Germanish eye niche market
Shipyards in Germany, Europe's biggest shipbuilding nation, aim to survive the economic slump by focusing on niche products as orders for containerships and other staples dry up, a top executive said. German Shipbuilding Association VSM managing dire...
2009-09-25 06:58:28
Korean equip maker wins $43.5m deal
South Korea’s Samyoung M-Tek has announced that it has secured a contract from Doosan Engine to supply MBS (Main Bearing Support) worth KRW 30.1bn ($25.1m) and cylinder covers worth KRW 22bn ($18.4m). The Kosdaq-listed marine equipment maker sai...
2009-09-24 06:12:04
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