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BW expands repair deal at ASRY
Bahrain-based ASRY and tanker operator BW Fleet Management have “renewed and expanded” their existing fleet repair agreement. The new repair agreement was signed by Morten Steen Martinsen, managing director of BW Fleet Management and Chris Po...
2009-05-29 07:26:58
PT Pal to cut workforce
Indonesia’s largest shipbuilder, PT PAL Indonesia, could be forced to lay off a quarter of its workforce as it faces financial difficulties. PT PAL Indonesia Worker Union chairman Kartiko Widodo said the Surbaya-based shipbuilder was putting 80...
2009-05-29 07:16:40
ABS reviews FLNG, FSRU concepts
Classification society ABS is currently involved with the review of or being considered for the selected class society for several floating LNG (FLNG) and floating storage and re-gasification unit (FSRU) concepts. "We've been approached by leading...
2009-05-28 10:28:28
Shell’s new boss to reshuffle
Royal Dutch Shell’s incoming chief executive, Peter Voser, is restructuring the company by removing the gas and power division and moving ship chartering operations. The Shell division in control of the company’s liquefied natural gas portfolio i...
2009-05-28 07:37:56
Hebei Two to be freed soon
The Hebei Two’s prolonged captivity at the hands of the South Korean authorities looks set to end within two weeks. South Korean diplomats said today they expected Jasprit Chawla and Syam Chetan would be allowed to head home to India, ending mo...
2009-05-28 07:32:55
Keppel Cebu workers to strike
Union members of Keppel Shipyard Cebu have yesterday filed their notice of strike at the National Conciliation and Mediation Board (NCMB), citing grounds of union busting attempts by management. Dennis Faustino of Buklurang Manggagawang Pilipino, whi...
2009-05-28 07:19:12
Scrap boom continues: China matches Bangladesh on price
Pakistani breakers continued to offer strong rates last week, despite mixed signals as to whether this year’s budget statement would impact adversely on the demolition sector. Gadani breakers secured several sales in a week that also saw deals c...
2009-05-27 10:53:29
KR enters new energy certification biz
The Korean Register of Shipping (KR) will make a full-fledged entry into the business of certifying new energies. It aims to become a certifying institution that will single-handedly handle the processes of certification in such fields as wind po...
2009-05-27 07:59:06
Asia to become world's dominant maritime force
What might feel like a global shipping meltdown will in hindsight be viewed as a worldwide shift to an Asian domination of the maritime industries. Such was the conclusion of a shipping finance forum in Tokyo on Tuesday. Asia’s determination to pr...
2009-05-27 07:43:32
Time to end unsafe shipbreaking
India, along with Bangladesh and Pakistan, figured at the United Nations International Maritime Organisation’s convention on ship recycling held in Hong Kong recently. These three countries, accounting for nearly 80 per cent of the world’s de...
2009-05-27 07:34:42
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