Author: Importer

Tankers sold for scrap at ship breaking yards fell 40% during the first seven months of the year as surging freight rates prompted owners to keep vessels in service, London-based shipbroker Simpson,…

Radix Marine, a US-based marine vessel development company specializing in port and homeland security and defense initiatives, signed a contract to build two prototype manned vessels with a marine technology company, Advanced…

Construction on a new 300,000dwt dry dock has started at the Yongyue Shipyard at their at Mashidao facility in China. The ship repairer and shipbuilder will complete this dock by the end…

An international labour standard designed to create a new biometric identity verification system for the world's 1.2 million seafarers has received sufficient ratifications to go into force on 9 February 2005, the…

Iran hopes the first ship to be built for the Islamic Republic of Iran Shipping Lines (IRISL) at a local shipyard can be launched next year. Despite slow progress in the field…

Aker Kvaerner has signed a letter of intent to perform fabrication, outfitting and testing of seven barges for oil production in the giant Kashagan oilfield in the north Caspian Sea, offshore Kazakhstan.…

Daewoo Shipbuilding Marine Engineering (DSME), the world's No.2 shipbuilder, announced that its second-quarter profit rose 12% as gains in sales of newbuildings were bolstered by currency hedges. Net income rose to $78…

Connecticut-based Competitive Technologies (CTT) has signed an agreement with Illinois-based Cutting Edge Technologies (CET) to commercialize and grant licenses for CET's patented ?accelerated steel cutting? (ASC) technology. The ASC technology, with a…

NCL Corporation (NCL) unveiled the itinerary for Pride of America, the second of three US flagged cruise ships that will sail to Hawaii under the NCL America brand. The ship, which earlier…

Malaysia International Shipping Corp (MISC) will increase its fleet of LNG carriers to 28 by 2008 from the present 17 to meet the growing demand for gas deliveries, its chairman Tan Sri…

Hyundai Merchant Marine reports to Korea Stock Exchange today that it decides to order three 4,700TEU container ships with delivery of second and third quarter of 2007. Total investment will be $…

Hyundai Heavy Industries (HHI) will begin construction of a warship armed with the Aegis Combat System, the US developed anti-air defense system, for the South Korea?s navy at a cost of over…

India has unveiled plans to build an aircraft carrier and Chief of Naval Staff, Admiral Arun Prakash, said that the carrier would be built at the Cochin shipyard. "The ADS (Air Defence…

China's shipbuilding industry has entered into the liquefied natural gas (LNG) shipbuilding market with the signing of the country?s first newbuilding contract for this ship type. Hudong-Zhonghua Shipbuilding (HZS), a subsidiary of…

French shipbuilding group Armaris and Spanish shipbuilding group IZAR will be asked to participate in a funded risk reduction and design study for the Royal Australian Navy's two new amphibious vessels. Defence…

Four more countries have expressed an interest in joining the coordinated patrols launched recently by Indonesia, Malaysia and Singapore to stamp out piracy in the Straits of Malacca. The countries in question…

Hyundai Heavy Industries in Korea signed a contract to build the first of three 7,000 tonne submarines for the Korean Navy for delivery late 2008. Vessel particulars are 165.9m long, 21m wide,…

Classification society Bureau Veritas has been named as one of the three best performing classification societies in the world, based on Port State Control statistics from the Paris MOU.This year is the…

Solstad Offshore of Norway has signed a Letter of Intent with Merwede Shipyard regarding the building of an ULSTEIN P105 platform supply vessel. The Dutch shipyard has in connection with this order…