General
Need for new, bigger
India should look at building new shipyards to augment the blue-water capability of the navy, as the existing ones besides being smaller had little scope for expansion, Union minister of state for Defence(Production) said at the inauguration of the G...
2009-02-20 09:21:43
Europe's annual LNG imports to double
Europe could have up to 60 liquefied natural gas carriers calling at more than 30 terminals every week in winter months by 2020, said analysts at the International Petroleum Week in London. Europe’s 18 terminals have the capacity to receive LNG ...
2009-02-20 07:34:43
Shipbreaking surge to continue two years
The world’s largest cash buyer says more than 1,000 ships will be scrapped this year as record numbers of bulk carriers, containerships and car carriers flood breakers’ yards across the Indian subcontinent. “The next two years will probably...
2009-02-20 07:22:53
Flagless vessel may undermine scrapping regulation
Fresh doubts have emerged over the effectiveness and timing of the International Maritime Organization’s planned global ship recycling convention. Cash buyers and the world’s main shipbreakers could easilly circumvent the new regulations to avoid...
2009-02-19 13:53:53
Chinese beefing up sales: repair yards
Chinese ship-repair yards are energizing their marketing activities targeting shipping companies in Japan. According to a shipping-related source, representatives of multiple Chinese repair yards have been directly visiting offices of Japanese owners...
2009-02-19 08:01:05
STX Shipbuilding built a pair of world best tankers
Two tankers built by South Korea’s STX Shipbuilding have been chosen as ‘The World’s Best Ships 2008’ by the Royal Institution of Naval Architect of the UK, a shipbuilding engineering institution of authority. 2009 February issue of ‘Sig...
2009-02-18 13:18:39
Crisis blamed for rising Tuzla deaths
A lawmaker from the Nationalist Movement Party and a former shipyard agrees that the number of safety experts at shipyards has decreased but defends the move by citing the crippling effects of the global financial crisis, saying the industry is facin...
2009-02-18 11:41:30
HSH to cut 1,100 jobs as it quits box financing
HSH Nordbank, the world’s largest shipping bank, will scrap its container financing business as part of a wide-ranging reduction of activities, which will cost 1,100 of the 4,400 jobs at HSH. The bank is owned by the states of Hamburg and Schleswig...
2009-02-18 07:28:14
Grand repair yard project faces rough going
The construction of a large-scale ship repair yard complex in Busan New Port, South Korea, is having a hard going due to the problem of selecting sites. Although the project has many benefits such as increases in tax revenues and jobs, fishing peo...
2009-02-18 06:34:20
No cease of supply of bulkers for demolition
Bulk carriers continued to make a one-way trip to the world’s ship cemeteries, even as freight rates for dry bulk carriage improved, providing shipbreakers with plenty of tonnage to choose from. But while bulkers, containerships and passengershi...
2009-02-17 15:07:42
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