General
‘No extension’ of single-hull phase out
Rina chief executive Ugo Salerno expressed fears over reports that a number of the largest open registries are pressing for a five-year extension of the deadline for phasing out single-hull tankers. Speaking at the Mare Forum shipping conference in S...
2009-05-13 07:41:57
EC approved Fincantieri-ABB JV
Italian shipbuilder Fincantieri has received approval from Brussels for its proposed joint venture with Swiss engineering group ABB in marine automation systems. The European Commission said that the link-up would raise no competition issues, not...
2009-05-13 07:29:45
Daewoo holds Festival: ‘Into the World as Unity’
Daewoo Shipbuilding & Marine Engineering holds an event called ‘Into the World as Unity’ on May 17th at its Okpo shipyard in South Korea. At the function participate all of the staffs and employees of DSME and its collaborative enterprises inc...
2009-05-12 16:00:37
Siba launches green shipbreaking venture
Siba Ships chairman Mauro Balzarini launches a new “green” ship demolition venture that aims to combine environmental responsibility with the financial opportunity represented by cheap vessel prices. The newly constituted Green Recycling Initiati...
2009-05-12 13:12:49
Chinese buy most demolition tonnage
Chinese buyers snapped up most of the demolition tonnage available last week. US-based cash buyer GMS reported six vessels sold into China, with one for India and two for Pakistan, but none for Bangladesh. “For now, demo prices appear to have...
2009-05-12 07:57:05
BDI ''no longer indicator of real economy'�...
The Baltic Dry Index is no longer a bellwether of the world’s economy, according to new research. Pundits who watch the four-route composite index for signs of industrial decline and recovery might do well to look elsewhere, because the numbers...
2009-05-12 07:35:53
Limbe shipyard funds suspended
The African Development Bank, ADB, has suspended its financial contribution to Limbe shipyard project, the post has learnt. The ADB programme officer for Cameroon and Central Africa Republic, Tounkara Samba revealed the information to the post recen...
2009-05-12 07:14:40
For safer and cleaner shipbreaking
When it comes to jobs that workers in rich Western countries don't want, there are few more dirty and dangerous than scrapping the world's freighters, luxury liners and oil tankers. Explosions and fires kill scores of poorly equipped workers each ...
2009-05-11 11:38:16
Gadani’s shipbreaking boom returns
Shipbreaking industry is flourishing once again in Pakistan as 65 more abandoned ships arrived at the Gadani’s shipbreaking yard from various countries for scrapping. ‘More ships are expected to reach Gadani,’ official sources said, adding ...
2009-05-11 11:32:56
Scrap prices could fall to $100 per ldt
Prices for ships sold for recycling could fall as low as $100 per ldt in the coming months, as demand for ship demolition continues to grow. Demand is increasing at a time when shipbreaking facilities are full to capacity and could increase if mo...
2009-05-11 07:37:25
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