Author: Importer

The global slump in the shipping industry is turning out to be a boon for the ship breaking industry in Alang, according to local industry sources, around 100 ships have been beached…

Ecospec Global Technology Pte Ltd (Ecospec), a research and technology company specialising in advanced water and oil treatment technologies, has developed a new green technology for the shipping industry which it believes…

Pacific Basin Shipping Ltd., Hong Kong?s biggest operator of commodity vessels, expects more shipping companies to fail after the global recession caused freight rates to plunge 92 % last year. "More dry-bulk…

The Export-Import Bank of Korea (Korea Eximbank) Chairman Chin Dong-soo said the state-run lender would come to the rescue of struggling shipbuilding companies. "I've recently been asked why Korea Eximbank doesn't offer…

The three major South Korean shipbuilders, commonly referred to as the ?Big 3,? are thought to be lowering annual targets despite their top technical skills because of tightened conditions in the global…

U.S. Shipping Partners L.P. announced that its joint venture for the construction of five U.S. flag product/chemical tankers took delivery of the product tanker 'Golden State'. The joint venture is owned by…

CSC Chongqing Dongfeng Shipbuilding Corporation and an undisclosed US shipowner signed a contract for the construction of a 4,368TEU containership. The contract is for a 106.68 metre-long ship with a 20.6-metre beam,…

Damen Shipyards Gorinchem has completed two Damen Fast Ferries 4212 at the Afai Southern Shipyard in China. Singapore-owned Bintan Resort Ferries ordered both catamaran ferries which have been named ?Wan Sendari? and…

Alfa Laval AB, the world?s biggest maker of heat exchangers, said it will cut 1,000 jobs in the first half after a number of ship builders cancelled orders. The marine and diesel…

Swiss engineering company ABB Ltd (ABB) has won orders worth $30 million for electric propulsion, power generation and power distribution systems that maximize the fuel efficiency of offshore supply vessels to be…