Equipment
Wartsila could lose orders worth $1.1bn
Up to €800m ($1.1bn) worth of marine engine orders are at risk of being cancelled at Finnish engine maker Wärtsilä as shipowners cancel newbuilding contracts. Wärtsilä chief executive Ole Johansson said the firm had already ...
2009-07-23 07:25:35
STX supplies Rolls-Royce gas turbine
STX Engine of South Korea has signed a co-operation agreement with Rolls-Royce of the UK, enhancing its competitiveness in the electric power generation business. The company revealed Tuesday that it has recently inked an agreement with Rolls-Royc...
2009-07-21 09:49:16
Steel price to fall after short-lived rally
The price for shipbuilding steel plate in China continued to increase recently while steel plate deals showing less activity. An industry source, taking a cautious attitude on prospects for steel price fluctuation in the second half of the year, s...
2009-07-21 06:38:36
Era of eco-friendly ship paints
With interest in green products increasing across the board, environmentally friendly anti-pollution paints are also getting into the limelight in the marine paints industry. Eco-friendly ship paints minimize generation of harmful volatile organic...
2009-07-21 06:30:31
Kobe Steel cuts ship parts production
Kobe Steel is to wind down production of the huge crankshafts which are used in medium and low speed main engines. Kobe Steel said it would cut production of crankshafts by about 10% as a result of newbuilding delivery delays and shipyard cancella...
2009-07-20 06:58:25
Hamworthy axing jobs
Jobs are to be cut at equipment manufacturer Hamworthy’s Danish plant. An eighth of staff at a deepwell pump business are to be let go along with other cost-cutting measure, the UK-based group said in a statement Thursday. Despite the cuts and f...
2009-07-17 07:13:25
STX provides military SATCOM system
STX Engine of South Korea has manufactured and provided military satellite communications system to KDX-II (Korea Destroyer Experiment) class missile frigates Dae Jo Young and Mun Mu Dae Wang which are deployed in sweeping the Somali pirates. The ...
2009-07-16 12:42:10
Chinese agree 33% price cut in iron ore
Rio Tinto and BHP Billiton have secured agreement from Chinese steel mills to a 33 percent price cut in iron ore, market sources said. The sources, including people on both sides of the negotiations, said some mills had agreed to a 6 month contra...
2009-07-16 07:31:40
China steel mills still hungry
Rio Tinto said in its second quarter operating review that Chinese steel bandwagon will keep rolling for the rest of this year. Anglo-Australian miner Rio reported all time high iron ore production of 45.2 million tonnes, an 8% rise from a year ag...
2009-07-16 07:27:36
Dorval adopts stainless steel tanks
Japan’s Dorval Kaiun K.K. has completed newbuildings in a series of six 13,000-dwt tankers one after another since the beginning of this year. Initially it planned to adopt the MarineLine coating of Advanced Polymer Coatings of the US for all n...
2009-07-16 07:19:34
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