STX France yard workers plan strike
Workers at the STX France shipyard at Saint Nazaire are to take fresh industrial action Friday to press home a claim for the maintenance of their earnings while they are working short time in March and April. Some 750 yard workers are due to be l...
Safedor promotes low-risk design and system
A four year European project has yesterday concluded promising to open the door for the development of ship designs and marine systems that are currently hindered by international regulations. The €20m ($26m) Safedor project, which included €12m ...
Break highest number of ships in 2009
Even as the shipping companies find it difficult to stay afloat with shrinking export-import business and falling freight rates, the ship breaking industry at Alang in Gujarat seems all set to buck the recessionary trend. About 125 vessels from the i...
Scrapping slows as chartering picks up
A total of eight bulkers were sent for scrapping last week as chartering activity picked up in dry cargo markets. But the pace of demolition is slowing, with 10 and 11 vessels sold to breakers in the two previous weeks. Derivatives broker Imarex A...
Another worker died in accident-prone Tuzla shipyards
Another worker died from injuries sustained in a work-related accident that occurred at a shipyard in İstanbul’s Tuzla district. The Dentaş shipyard in Tuzla was the scene of the most recent accident. Shipyards in the district have re...
L&T's Ennore shipyard to come up in 18 months
Larsen & Toubro's (L&T) proposed integrated ship building yard at Ennore, Tamil Nadu, would be ready in 18 months, a top company official said on Friday. The project would come up at a cost of Rs 2,000 crore ($410m), Mr K Venkataramanan, Presiden...
Marsh grabs Vela account
The world's largest insurance broker has taken on a Saudi oil major. A hotly contested beauty contest to place the full insurance programme for leading tanker owner Vela has been won by the Marsh broking group. The company takes over just before t...
Delaying the agony: Government Economic Stimulus Plans
Government bailouts and economic stimulus plans are in vogue as countries around the world try to soften the impact of a deepening recession. For ship owners and operators, the opportunities for such emergency funds are low, given the industry’...
Baltic Exchange stresses self regulation standards
The Baltic Exchange has issued its strongest warning yet for members to abide by its centuries-old principles of business conduct during the freight market collapse. Baltic chairman Michael Drayton said that standards must not be allowed to slip desp...
Rolls-Royce Marine moves global HQ to Asia
Rolls-Royce’s marine business is heading east with its global headquarters moving from London to Singapore. Rolls-Royce’s move reflects the fact that more than 80% of commercial shipbuilding is now in Asia. “Rolls-Royce is a global business...
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