Author: Importer

Shipping lines will most likely be unable to raise rates above break-even levels in the next two or three years, analysts at the Credit Suisse Group have said. The Baltic Dry Index…

Chinese shipyards are charging penalties to international owners who wish to defer delivery of new ships and are filling the resulting spare capacity with cut-price domestic contracts. At this stage the strategy…

South Korea's big three shipbuilders, namely Hyundai, Samsung and Daewoo, are competing for the massive LNG-FPSO order to be placed by Royal Dutch Shell. The front-end engineering and design (FEED) contract for…

BG Group, a major British energy company, will construct two LNG carriers jointly with China National Offshore Oil Corp. (CNOOC) for assignment to the Queensland Curtis LNG (QCLNG) project it is now…

Oshima Shipbuilding in Japan will launch a project to develop a sophisticated three-dimensional (3D) computer-aided "upstream" shipbuilding design system specifically geared for the primary process from basic planning to basic design following…

The Australian Government has dedicated A$120 million ($91.11 million) towards building a new marine science research vessel. The new 85-metre vessel will replace the almost 40 year old ?Southern Surveyor? and will…

Wallenius Marine AB has attained a Lloyd's Register (LR) approved Inventory of Hazardous Materials (IHM), also known as a Green Passport, for its car and pure truck carrier ?Tristan? demonstrating an ongoing…

Russian prime minister Vladimir Putin announced that the landmark Amur shipyard in the far east of the country is to be taken back into state hands. Putin announced the transfer of a…

The governments of Japan, Korea and China are set to come to the rescue of many big, well established yards once again during the downturn, and this time not through subsidies, but…

Poland has sold one of three historic shipyards which were the focus of a subsidy battle with the EU. Treasury minister Aleksander Grad said the yard at Gdynia on Poland's northern Baltic…