Author: Importer

Medium-sized South Korean yard Kwang Sung is the latest yard to opt for a bank-led workout procedure. Kwang Sung is a midsize shipyard located in Mokpo city. It constructs newbuildings at two…

DNV Korea & Japan has taken the first initiative to introduce its CNG technology to major shipbuilders. This makes DNV the first mover among the classification societies in introducing this new technology.…

China Ocean Shipping Group Company (Cosco) has cancelled bulker newbuildings ordered at its own shipyards in China. Two subsidiaries of Cosco, Qingdao Ocean Shipping and Cosco Hong Kong Shipping, have axed eight…

To develop further its long-term relations with local clients and partners, MAN Diesel inaugurated its new hub in Marseille, France, on 9 July. Dr. Timmermann, Member of the Executive Board of MAN…

The OECD Council Working Party on Shipbuilding (WP6) says the economic downturn has hit shipbuilding hard where new orders have contracted by up to 90% and cancellations have increased. This situation is…

Wilhelmsen Ships Service has announced that their Liferaft and Marin-Ark service station in Miami, Florida is now fully operational. It is a stand-alone station conveniently situated between the port of Miami and…

Germanischer Lloyd's new Guidelines for the Analysis of Alternative Ship Design and Arrangements (V-2-1) come into force in mid-July. Alternative ship design and arrangements are solutions which deviate from the prescriptive requirements…

The Bailey Group, based in Cardiff, has taken control of the A&P Group, which employs 600 staff at four sites. They include: Hebburn on Tyneside, Middlesbrough in Teesside, Chatham in Kent and…

Yan Yanovsky, Managing Director and Member of the Boards of Directors of United Industrial Corporation (OPK) in Russia and B.T. Ahn, Executive vice-president of Hyundai Heavy Industries (HHI), signed a cooperation agreement…