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Gunnar H. Hide joins the Ulstein Group
Gunnar H. Hide has been appointed as the new managing director of Ulstein Power & Control. Hide has a solid background from the maritime industry and has among others, worked as a manager in Acel, ABB, Stadt Automation, and IKM Group. 08 Jun 2010
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Chinese engine manufacturer completes first Mitsubishi-UE
China Shipbuilding Industry Corporation (CSIC) subsidiary Yichang Marine Diesel Engine (YMD) has completed its first Mitsubishi-UE low-speed marine diesel engine under a technology licensing arrangement with MHI. 07 Jun 2010
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Fairstar plans to expand fleet
Fairstar Heavy Transport has entered into a contract with Guangzhou Shipyards International (GSI), part of the China State Shipbuilding Corporation, to build two 50,000 dwt open stern, semi-submersible vessels at a fixed cost of $101,888,000 per ship. 07 Jun 2010
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New owner to make Malta yard credible
The new Italian owners of the Cospicua ship repair facility, formerly know as Malta Drydocks, expect to see ‘tranquillity’ and ‘flexibility’ if the yard's international credibility were to be restored. 07 Jun 2010
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UKHO completes ENC coverage of China
The United Kingdom Hydrographic Office (UKHO) has announced the completion of Chinese coastal coverage, another substantial increase in the Electronic Navigation Charts (ENC) available in its Admiralty Vector Chart Service. 07 Jun 2010
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Guadeloupe orders repeat Austal ferries
Guadeloupe-based ferry operator L’Express des Iles has selected Austal to design and construct two 47m high speed catamaran ferries. 04 Jun 2010
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GE gas turbine powers new USCG cutter
The US Coast Guard’s national security cutter USCGC Waesche was commissioned recently and is powered by one GE LM2500 gas turbine and two diesel engines in a combined diesel and gas turbine (CODAG) propulsion system. 04 Jun 2010
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Daewoo signs JV with Russia
Daewoo Shipbuilding & Marine Engineering (DSME) has formed a joint venture with Russia's United Shipbuilding Company to build ships in Russia's Far East. 04 Jun 2010
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Second shuttle and regasification vessel delivered
The second shuttle and regasification vessel (SRV) co-owned by Höegh LNG and Mitsui O.S.K. Lines, Ltd. (MOL) was recently completed at Samsung Heavy Industries and delivered to the GDF Suez group. It will serve on a long-term charter contract between the parties. 03 Jun 2010
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Cosco to convert VLCCs into FPSOs
COSCO (Dalian) Shipyard, a subsidiary of the COSCO Corporation’s (Singapore) 51% owned subsidiary, COSCO Shipyard Group Co, has secured two contracts totalling over $100 million to convert two large tankers to FPSO vessels for a Singapore ship-owner and a Norwegian ship-owner respectively. 03 Jun 2010
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Stena orders another Suezmax
The Gothenburg-based Stena Bulk, which recently confirmed an order at Samsung Shipyard for six in-house designed Suezmax tankers for delivery in 2011/2012, has now placed further one order of a Suezmax tanker, the seventh in the series. 02 Jun 2010
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ESS to absorb 580,000 TEU
Extra slow steaming (ESS) has created employment for almost 100 ships with a total capacity of 554,000 TEU as at the end of May according to Alphaliner. It has grown from only 5 ships for 46,000 TEU 12 months ago. 02 Jun 2010
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SCI to float newbuilding tenders for fleet expansion
State-owned Shipping Corporation of India (SCI) said it would float global tenders for acquiring 30 ships by 2012 which is likely to entail a Rs 8,000 crore ($1.7 billion) investment. 02 Jun 2010
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Adani orders Caper duo from Hanjin
Adani Enterprises, the flagship company of the Ahmedabad-based Adani Group in India, has placed orders for two new Capesize bulk carriers with South Korea’s Hanjin Heavy Industries for about Rs650 crore ($138 million) for delivery end 2010. 02 Jun 2010
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Spares company boss imprisoned
The controversy over 'unofficial' spare parts from a few years ago looks likely to reignite after the imprisonment of the managing director of a separator spares company. 01 Jun 2010
