Author: Importer

Failure to take the bold steps required to eliminate unwanted containerships will drive some lines out of business. That is the verdict of Drewry Shipping Consultants in a report that urges ocean…

Swedish company Alfa Laval has today announced the introduction of a new bilge water treatment system, known as PureBilge. The system is claimed to exceed IMO requirements using only a single centrifugal…

China?s National Development and Reform Commission approved a 20 billion yuan ($2.9 billion) shipbuilding-industry investment fund. The fund will have a registered capital of 200 million yuan, of which 100 million yuan…

Hitachi Zosen has officially inaugurated Zhongji Hitachi Zosen Diesel Engine Co. (ZHD), its joint venture with Shanghai Zhongji Group (SZG), the parent company of Chinese shipbuilder Zhoushan Jinhaiwan Shipyard. ZHD already held…

The establishment of the United Shipbuilding Corporation in Russia is now completed with a total of 33 companies in the field of ship design and shipbuilding included in the new grand state…

The German government will bring forward investments in ships to help its troubled shipyards to survive the current downturn. According to Minister of Transport Wolfgang Tiefensee, old state-owned vessels should be scrapped…

The first South Korea-built nuclear waste container carrier has been completed. Dae Sun Shipbuilding & Engineering in South Korea has delivered the country's first pure nuclear waste container carrier to Korea Radioactive…

A plunge in supertanker rates to their lowest in at least 11 years will likely spur owners to scrap ships and cancel orders for new ones, according to Bermuda-based tanker operator Frontline…

Sembcorp Marine announced that an important client to its wholly-owned subsidiary Jurong Shipyard has gone bust. Singapore-based Petroprod, a member of Norway's Larsen group which specialises in mobile production and field development…

Nippon Yusen K.K. (NYK), Japan?s largest shipping line, will slash fleet expansion plans by 10% as it scraps some ships and returns others to owners amid slumping demand for transporting cars and…