Equipment
Newbuilding recovery depends on iron ore prices
It looks that how soon the stalled newbuilding talks can be resumed largely depends on the ongoing negotiations on iron ore prices between Japanese steelmakers and major mining firms. "Newbuilding talks may begin moving ahead again as soon as iro...
2009-04-20 08:14:48
Intersleek 900 improves Queen Mary 2 performance
Carnival Corporation reports positive performance results following the application of the fluoropolymer foul release coating Intersleek 900 for the underwater hull of Cunard's Queen Mary 2. Almost 6000 square meters of the liner's hull was hydro...
2009-04-19 06:42:59
Type approval certification for OceanSaver
OceanSaver, the natural, environmental-friendly and corrosion reducing ballast water management system, announced full Type Approval Certification by the world’s leading classification company, DNV. The type approval certificate has been issued on ...
2009-04-17 11:46:15
The Chinese crisis lasts long
It is reported that financial crisis pushes global shipping market off to the ice age, and simultaneously ends the 6-year blossom of global shipbuilding industry. Baltic Dry Index had dived by 87.5% from 11793 on May 20th 2008 to 1473 on April 9th 20...
2009-04-17 09:14:21
Hitachi inaugurates Chinese diesel JV
Hitz Hitachi Zosen announced on April 15 that it has officially inaugurated Zhongji Hitachi Zosen Diesel Engine Co. (ZHD), its joint venture with Shanghai Zhongji Group (SZG), the parent company of Chinese shipbuilder Zhoushan Jinhaiwan Shipyard. ZHD...
2009-04-17 07:59:36
Multinational JV open engine factory at Qingdao
Wärtsilä and partners China Shipbuilding Industry Corporation and Mitsubishi Heavy Industries have inaugurated their jointly owned, low-speed marine engine factory at Qingdao in north-east China’s Shandong province. The facility, which is...
2009-04-17 07:29:10
Hatlapa builds additional factory in Korea
Hatlapa, Germany’s marine equipment manufacturer, invests $3.52m in the construction of a new factory in Busan Jinhae Free Economic Zone, South Korea. Busan Jinhae Free Economic Zone Authority recently announced it will sign a memorandum of unde...
2009-04-16 15:00:56
ABB inks $15m supply contract with Chinese
ABB has won orders worth $15 million from Shanghai Salvage Company and Guangzhou Salvage Bureau for the supply of electric power and propulsion systems for a new diving support vessel and semi-submersible heavy lift vessel. The newly contracted semi-...
2009-04-16 14:18:18
Wartsila reaches new milestone
A small piece of Finnish industrial history was written in March as the 6000th Wärtsilä 32 engine began its landmark journey from the Wärtsilä factory in Vaasa to a power plant site in Brazil. This 9000 kW engine will become part ...
2009-04-15 07:56:55
CSSC manufacturing offshoot profit falls
Shipboard equipment maker CSSC Jiangnan Heavy Industry saw net profit fall 8.5% to Yuan92.2m ($13.6m) last year partly as a result of increased steel and labour costs. The firm, an offshoot of China State Shipbuilding Corp also manufactures gantry cr...
2009-04-15 07:30:05
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