General
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...
2009-02-10 07:46:58
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...
2009-02-09 07:32:51
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...
2009-02-09 06:53:47
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’...
2009-02-06 13:19:39
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...
2009-02-06 07:46:51
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...
2009-02-06 07:41:57
Political issues surround probe into HHIC safety issue
The Philippines senate has been cautioned to be mindful of future foreign investment ahead of its investigation into safety practices at Hanjin Heavy Industries and Construction’s shipyard in Subic Bay. The warning follows the recent deaths of thre...
2009-02-06 07:36:55
DSME ‘5K’ movement: Cost reduction, ‘OK’
Daewoo Shipbuilding & Marine Engineering (DSME) launched a cost-reduction movement called ‘5K’. DSME said it plans to increase the amount of cost reduction by around KRW 500bn or KRW 5,000 (5K) eok (hundred million) (USD 361m) to reach KRW 624...
2009-02-06 06:42:46
AEMTC Cooperates with GL for maritime training
A collaboration on advanced maritime training has been agreed between Anglo-Eastern Maritime Training Centre (AEMTC) and GL Academy. The Principal of AEMTC, Capt. K.N. Deboo, Dr Hermann J. Klein, Member of the Executive Board Germanischer Lloyd, ...
2009-02-04 07:50:40
Samsung hit by a claim concerning Hebei Spirit
Samsung Heavy Industries has been hit by a $200m compensation claim relating to the Hebei Spirit oil spill. In a statement to the stock exchange in Korea, Samsung said the claim had been brought by the International Oil Pollution Compensation Fund...
2009-02-04 07:39:53
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