General
Petrobras to be probed: Tax dodging
Brazil’s state-run Petrobras is facing a probe in Federal Senate over allegations of tax evasion and procurement fraud. Senator Alvaro Dias, who proposed the investigation, says it may start next week, according to local media. Senators in the o...
2009-07-09 07:25:56
Tuzla blast kills one
An explosion has occurred in a shipyard at the notorious Tuzla complex near Istanbul, killing one person. Turkish television initially reported that several people were feared dead or injured. The blast happened while repair work was underway on a...
2009-07-09 07:24:25
Find cool ways to beat heat ,,,
It is always difficult fighting the summer heat, even more so if you have to work out under the sun like Noh Tae-jin, a field employee at STX Offshore and Shipbuilding of South Korea. “This year, summer has come too fast and the temperature is m...
2009-07-08 14:43:18
Hongkong shiprepairers to suffer further
Hong Kong's Yiulian Dockyards CEO Lienbo recently told local media that Hong Kong shiprepair industry is now facing downturn under the influence of global economic conditions, so ships which need repair work may not need to wait in line any more to b...
2009-07-08 11:51:57
Odense mulls industrial park
AP Moller Maersk-owned Odense shipyard’s remaining orders, which include seven ro-ro vessels and three Danish frigates, will see the yard’s orderbook last until 2012. After that, Odense will become more of an industrial park, if the management...
2009-07-08 07:22:02
Japanese majors raise R&D investment 11%
Research and development (R&D) spending by major shipbuilding and heavy machinery companies in Japan is projected to grow 11 per cent to 203.5 billion yen (US$2.1 billion) for the year ending March 2010, with the top-ranked Mitsubishi Heavy Industrie...
2009-07-08 07:11:50
Scrapped ships total 487 in H1
Ships sold for scrap were fewer during June compared to previous months, according to figures released in the latest monthly report of shipbroker N Cotzias. Still, during the first half of the year a record of 487 ships of all types have been dem...
2009-07-08 06:56:43
Dayang dock accident kills four
According to local sources from Yangzhou City, China, there was an accident at around 4 PM local time on June 29th in Yangzhou Dayang Shipbuilding's dock where steel-framed roof suddenly collapsed during its setting up, causing six casualties in tota...
2009-07-08 06:16:25
Chinese eye VLCCs for storage
China’s Southern Petrochemical turned out to be the buyer of Eastern Mediterranean Maritime’s 281,751-dwt VLCC Agios Nikolaos III (built 1991). Chinese oil traders have their eyes toward Singapore's bunker market and are buying VLCCs for stora...
2009-07-07 17:38:59
Scrapped boxship tonnage hit 185,000 teu
According to market sources, 94 containerships totaling 184,700 teu have been scrapped throughout the world in the first half of this year. The volume of boxships broken in the period is ten times larger than the average volume in the past years a...
2009-07-07 08:51:53
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