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Rift among repair yards in Naples port
Among Luciano Dassatti’s first tasks as he embarks on his presidency of the port of Naples is the resolution of a long-running dispute that has riven the city’s shiprepair sector. Naples has one major graving dock, which has the capacity to ha...
2009-03-05 07:29:39
“Let’s weather the crisis in harmony”
Hyundai Heavy Industries (HHI) labor and management on March 4th held a grand meeting at its main office in Ulsan City, South Korea for a determination to cooperate to overcome global economic crisis. At the event participated some 5,000 staffs an...
2009-03-04 15:23:56
GIA tackles ballast water problems
A Global Industry Alliance (GIA) that includes four major maritime companies --APL, BP Shipping, Daewoo Shipbuilding and Marine Engineering, and Vela Marine International --hopes to come up with solutions to tackle the problems caused by the transfer...
2009-03-04 13:55:11
Jobs safeguarded by aircraft carrier contract
Thousands of Scottish jobs have been safeguarded after Clyde shipyards were handed a much larger slice of a £4 billion contract for two aircraft carriers. The Ministry of Defence (MoD) welcomed the announcement that the Govan and Scotstoun w...
2009-03-04 13:49:15
Global economy will soon recover
The global economy will turn around by the second half of the year, according to a financial expert. Jeremy Siegel, professor of finance at the Wharton School of the University of Pennsylvania and author of The Stocks for the Long Run, said financial...
2009-03-04 13:26:41
Hanjin denies report of capes delay
South Korea’s Hanjin Heavy Industries & Construction (HHIC) Wednesday strongly denied the foreign media report that Turkey’s Eregli Shipping had secured a delay of several months on the delivery of two 175,000-dwt bulkers at HHIC’s Subic Bay fa...
2009-03-04 11:37:28
DryShips reports on S&P woes
DryShips Inc. recently issued an update on how it is dealing with three recent sales and purchase headaches--by selling one ship at about half the original agreed price, canceling another deal and collecting a $9 million penalty and entering arbitrat...
2009-03-04 07:09:54
Seaspan delays boxship newbuildings
Seaspan Corp has pushed back deliveries in its newbuilding program, with the company potentially receiving as few as half of the vessels slated for this year, the boxship owner's boss said Tuesday. Chief executive Gerry Wang says the company expects ...
2009-03-04 06:46:00
Demolition rates rise despite raft of bulkers
The steady march of bulk carriers to the ship graveyards of the Indian sub-continent continued unabated during the final week of February. It was therefore surprising to see offers for demolition tonnage continue on their northward path. Despite t...
2009-03-03 13:26:39
AOS finishes first contract
ASRY Offshore Services (AOS), the recently established offshoot of Bahrain-based ship repair and maintenance group, ASRY, has successfully completed its first contract, the upgrading and repair work of a jack-up rig. The rig, Hercules 170, arrived at...
2009-03-03 13:20:45
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