Author: Importer

According to Germanischer Lloyd, maintenance costs represent nearly 20% of all shipping operational costs. Independent sources say that expenditure on repairs and maintenance has increased lately across all vessel categories. In respect…

An EU-funded program of research, led by BMT Group, is evaluating the effectiveness of ship evacuation models. Named Safeguard, the project is addressing requirements recently highlighted by the IMO Fire Protection Sub-Committee,…

The new version of MAN Diesel's 28/33D engine boasts an improved design and is available in 12-, 16- and 20-cylinder versions, with respective power outputs of 5,460, 7,280 and 9,100 kW. With…

Headquartered in Germany, DVB Bank AG predicts that the next several years will be tough for shipbuilders across the world and only the fittest would survive. Geir Sjurseth, the managing director and…

Brazil's state-owned oil company Petrobras recently met with South Korean shipbuilding-related delegate, comprising Kim Tae-ho, the governor of South Gyungsang province and officials from four shipbuilders in the province, in Rio de…

The two Russian-owned shipping companies Aqueda Shipping Limited and Mariora Shipping Limited have not achieved funding for the construction of two advanced trawlers within the time that was agreed in the contract…

Taiwan's largest shipbuilder CSBC Corp said it would take a harder stance toward shipowners seeking to delay deliveries. CSBC was hard hit by newbuilding delivery delays in the first seven months this…

South Korea's SLS Shipbuilding could suffer a further blow to its orderbook if Stolt-Nielsen decides to cancel its remaining two 44,000-dwt chemical tankers on order due to continued delays in construction of…