Equipment
IHI's Aichi Works targets FLNGs
The Aichi Works of IHI Corp. will be converted into a floating LNG (FLNG) facility plant specializing in SPB (self-supporting prismatic-shape IMO type-B) heatproof aluminum tanks. Depending on the state of negotiations (with customers) in the future,...
2009-05-28 07:52:35
Iron ore prices forced down by 33%
Japanese steelmaker Nippon Steel has forced down the price of iron ore by 33% in this year’s first contract deal, setting a new benchmark for the commodity. Rio Tinto offshoot Hamersley Iron agreed to slash iron prices by a third for its Austral...
2009-05-28 07:42:05
STX selects MSC's solutions
MSC.Software, US provider of simulation software and services, announced on May 26th that STX Offshore & Shipbuilding, one of the world's leading shipbuilding and offshore structures builders has selected MSC.Software's suite of engineering simulatio...
2009-05-27 11:15:32
Rolls-Royce inks equipment supply contract
Rolls-Royce has secured a UKP 38 million (about $60 million) contract to supply a newly-developed anchor handling system that will enable floating oil platforms to be secured to the seabed in extreme depths off the coast of Brazil. It will be fitted ...
2009-05-26 11:18:25
Vale poised to spend $595m for bulker
Vale revealed Friday that it is poised to spend $595m on bulkers in its Brazil-to-Asia shuttle initiative. Although the Brazilian miner reported a sharply-reduced overall capital budget for the year, the revised budget shows a fourfold increase in...
2009-05-26 10:44:52
Wartsila sets up marine services units
Despite the downturn hitting global giant Wartsila Corporation hard, its Indian subsidiary doesn't expect any order cancellations in the ship power business. Wartsila India expects to ride on the existing order book and the marine services units it i...
2009-05-26 07:33:48
Hitachi completes facility expansion
Hitachi Zosen has created a system to produce a total of 2.3 million bhp of main engines per annum by almost completing facility expansions at the Ariake Works and Onomichi-based affiliate IMEX Co., both producing marine low-speed diesel engines. Hit...
2009-05-25 07:48:24
Posco mulling shipping purchase
Posco, South Korea’s largest steel mill, is in the market for a shipping company to help it secure stable supplies of raw materials, the company said yesterday. The company said it was eyeing a plan to buy medium-sized operator Daewoo Logistics...
2009-05-22 07:29:54
Bharati acquires floating dock from Swan Hunter
Bharati Shipyard Ltd, one of the largest private sector shipyards in India, has announced the arrival of the world-class 16,000-ton lift capacity floating dock along with balance machinery and equipments of the Swan Hunter Shipyard at its Dabhol Gree...
2009-05-21 11:27:08
China reduces crude steel output
The order issued by the Chinese government to the country's steelmakers to reduce production will likely gain a lot of attention. Positioned as a measure to eliminate the approximately 30% excess production capacity of the entire steelmaking indu...
2009-05-21 07:59:06
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