Equipment
Hamworthy orderbook shrank to $396m
UK Marine Engineering group, Hamworthy, has announced its orderbook has fallen below last year’s levels thanks to the stalled shipbuilding sector. Its orderbook as of the end of February stood at £270m ($396m) compared to £285m a ye...
2009-04-03 07:22:06
Wartsila and MAN in HERCULES-Beta Project
The HERCULES-Beta research project proposal was recently approved by the European Commission. HERCULES-Beta represents a major international cooperative effort to maximise fuel efficiency combined with ultra-low emissions and to develop future genera...
2009-04-02 08:28:22
Chokwang Jotun's new Factory completed
Chokwang Jotun, a joint venture between Jotun of Norway and Chokwang Paint of South Korea held a ceremony for the completion of a new factory in Busan City, South Korea on March 31st. The Chokwang Jotun Busan Factory was constructed on a site of 4...
2009-04-01 16:02:02
STX wins KRW 240bn diesel genset
STX Corporation of South Korea has won a diesel electricity generation facility supply contract. The deal is the biggest in scale in the company’s history. STX Heavy Industries said on March 31st that it has signed some KRW 240bn ($172m) diesel ...
2009-03-31 12:02:40
Baosteel agreed steel deal with Maersk
Denmark’s AP Moller-Maersk has reportedly signed a cooperation deal with China’s Baosteel Group. The three-year agreement entails Baosteel supplying Maersk with various kinds of iron and steel products, including container steel and shipbuildi...
2009-03-31 07:51:11
Chinese iron ore prices back to 2007 levels
Iron ore miners have struck deals with Chinese steel mills to temporarily sell shipments at 40% discount to last year's term rates, aiming to secure volume even as the miners' biggest customer continues to demand a slash in prices. The arrangement le...
2009-03-31 07:19:37
Posco, “No drop in steel prices”
South Korea’s top steelmaker Posco decided to maintain its current price levels for steel products despite the fall in raw material prices. The price of Posco’s shipbuilding steel plate is now KRW 920,000 ($658.55) per ton. It had raised the p...
2009-03-31 06:35:00
Yards can now use steel in place of tank coatings
Shipyards will be allowed to use anti-corrosive steel rather than enhanced coatings to protect tanker cargo tanks. The International Maritime Organisation (IMO)'s Design and Equipment subcommittee agreed that recently developed steels are a suitab...
2009-03-30 06:59:49
Kongsberg awarded Italian submarines
KONGSBERG has signed a contract with a scope of roughly MNOK 150 with the Italian shipyard Fincantieri for command and weapon control systems for two new U212A Class submarines currently under construction in Italy for the Italian Navy. The contra...
2009-03-27 09:17:48
China needs 13m tons of shipbuilding steel
The China Boat Industry & Trade Association (CBITA) projects that the country's demand for steel materials for use in shipbuilding in 2009 will jump 10.8% from the previous year to 13.3 million tons, according to local newspaper reports. The organiza...
2009-03-27 06:49:19
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