Author: Importer

A $200 million credit agreement to expand and upgrade Vinashin's shipbuilding yards has been signed between the Vietnam Shipbuilding Industry Corporation (Vinashin) and Fortis Bank. Under the agreement, the Belgian bank will…

Alaska Ship and Drydock, the operator of the Ketchikan Shipyard in Alaska, hopes to expand its facilities by obtaining substantial new federal funding, about $54 million, and other government participation for new…

The Spanish government has allegedly decided to divide the Izar state shipbuilding group into two. What the government is aiming to do with this move, which has come in for severe criticism…

Hamworthy?s first major contract for its new Svaneh?j CKL 300 electric-drive deepwell cargo pump is for a series of six 49,900 dwt Stena P-MAX tankers, which are the largest products carriers yet…

The Taiwanese Evergreen Group has decided to have the loading capacity of its next-generation B-type containerships upgraded to more than 9,000 TEUs instead of 8,000 TEUs as earlier planned. An Evergreen official…

The Danish shipping group of A P Moller is rumoured to be considering the construction of the world?s largest container ships with a carrying capacity approaching 11,000 TEU. This news is linked…

Hamworthy KSE Group Limited, shortly to be renamed Hamworthy plc ("Hamworthy" or "the Group"), a world leader in the design and manufacture of innovative marine and offshore fluid handling systems focused on…

IMO's $2.5 million Global Programme on Maritime and Port Security, which began in January 2002, will not stop on 1 July 2004, the international deadline for implementation of the maritime security measures…

China Shipping Group placed an order for two more 4,250TEU container ships with Dalian New Shipyard. CSG now has nine boxships on order with this Chinese shipbuilder.

Korean shipbuilders are facing another steel price hike of imported thick steel plate from Japanese steel makers. Japan is seeking a $200 per tonne increase in the price of thick steel plates…

Hyundai Heavy Industries, the world's largest shipbuilder, said that new orders across the board jumped to $8.33 billion during the first half of this year. This exceeds the initial target of $4.5…

Partners in the BioMer project announced a $563,000 project to demonstrate that biodiesel is a viable alternative fuel for river cruise ships. The project, which runs from June to October, will test…

The restructuring plans for the Gdynia Shipyard Group in Poland faces delays as the EU commission in Brussels is purportedly dragging its feetTwo earlier schemes have already been aborted because the company…

Appledore Shipbuilders, in North Devon, has won a contract to design and build an 80 metre long super yacht which will provide work for more than 40 engineers and up to 100…

Bureau Veritas has been chosen by Spain's Association of Naval Architects and Marine Engineering as the "Best Marine Company in Spain in 2003." The award was presented at a ceremony in Madrid…

Nobutaka Nanbu, Executive Managing Director of the Shipbuilder's Association of Japan (SAJ), reported at the regular SAJ press conference held earlier this month that newbuilding orders placed with Japanese yards for the…

Royal Caribbean International (RCI) and Kvaerner Masa-Yards, a member of the Aker Yards group, have agreed on a revitalisation project, including a midbody lengthening, for the cruise ship Enchantment of the Seas.…

European satellites confirm the stories of mariners who describe seeing freak waves as tall as 10-storey buildings, according to the European Space Agency (ESA). ?Rogue waves? have been the anecdotal cause behind…

Mitsui Engineering and Shipbuilding will be undertaking a major expansion of facilities at its Chiba site in the next few months. The work, which includes enlarging its steel processing plant and installing…