Equipment
IHI ups overseas purchases of shipbuilding equipment
IHI Corp., Japan’s second-largest heavy-machinery maker, plans to increase imports of shipbuilding components to counter a stronger yen. The company’s IHI Marine United Inc. unit, which purchases “most” of its components from Japanese supplie...
2009-05-14 13:35:43
Wartsila 100% owns Wartsila Navim Diesel
Wärtsilä has acquired the remaining 60 per cent of the shares in Wärtsilä Navim Diesel of Italy, thus increasing its ownership of the company to 100 per cent. Wärtsilä Navim Diesel, which specialises in marine sales ...
2009-05-14 10:53:14
Japanese insist on steel price cut
Japanese steelmakers hiked the price of steel materials bound for domestic shipyards by about Y30,000 ($311)/ton beginning with shipments delivered in April 2008. As a result, the standard prices, excluding the extra price, have risen to an all-t...
2009-05-14 07:08:55
Japan's steel exports to Asia down 11%
Japan's exports of steel products bound for Asia in fiscal 2008 were down 11% from fiscal 2007 at 28,258,000 tons, according to statistics compiled/released by the Japan Iron & Steel Federation (JISF). Export volume bound for Asia was firm up unt...
2009-05-13 07:55:00
Wartsila sulphur scrubbing unit coming soon
Finnish marine technology group Wärtsilä could have its own sulphur-scrubbing technology on the market as early as 2010 as oil majors face an uphill struggle to meet potential low-sulphur fuel volumes. The Helsinki-listed group has been ...
2009-05-13 07:46:07
Cheaper steel benefiting Chinese
China’s shipbuilders have gained a crucial price advantage over their Asian rivals, now producing steel plate at prices 19% lower than South Korea and 18% lower than Japan. “The price of steel is once again the most important reference point f...
2009-05-13 06:58:58
Equipment suppliers take action over non-payment
Suppliers of ship equipment and services are arresting ships whose owners refuse to pay up on time and are diversifying into delivering essential goods to prevent non-payment. International Ship Suppliers and Services Association president Jens Ol...
2009-05-12 07:32:55
Napa Group sets up a company in Korea
Napa Group, a Finnish software company that develops innovative computer systems for ship design and operations, has established a subsidiary company, Napa Korea Ltd, in Busan, Korea. The purpose is to strengthen Napa’s local services to the Korean...
2009-05-11 07:25:16
Korea-Vietnam JV established
Opening ceremony for PAV MARINE CO., LTD., the joint venture between South Korea’s P&P Korea and Vietnam Maritime University (VIMARU) was held on April 27th in Vietnam. At the ceremony participated Vinashin technology part vice president, Vinash...
2009-05-08 06:29:52
New MAN B&W passes milestone
The new MAN B&W K80ME-C9 two-stroke, low-speed engine has passed the final milestone on its way to commercial applications in the marine sector. The first production version has successfully completed its type approval test program at Hyundai's HHI-E...
2009-05-07 07:51:35
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