Author: Importer

Nippon Yusen K.K. (NYK), Japan's largest shipping line by sales, will spend 70 billion yen ($638 million) over six years on new engines, solar panels and other technologies to help cut vessel…

Daewoo Shipbuilding & Marine Engineering has won a deal to build four VLCCs for 743 billion won ($710 million) for Kuwait Oil Tanker Co. Delivery is scheduled to be completed by the…

Samsung Heavy Industries has received a 689 billion won ($641 million) contract to build a drill ship. The deal with a U.S. shipping company calls on Samsung to deliver the vessel used…

The Union Government has approved the proposal of the Cochin Shipyard (CSL) for the creation of a Small Ship Division in the yard. The project, to be set up at an investment…

Ships will soon need permits from the US Environmental Protection Agency (US EPA) for their operational discharges in US waters including ballast water, bilge water and grey water. The issue of operational…

South Korea's two largest box carriers, Hanjin Shipping Co. Ltd and Hyundai Merchant Marine Co., Ltd, will reduce the speed of some of their vessels to cut down on bunker consumption. The…

Singapore company Jurong is investing 500 million reais ($308 million) in the construction of a shipyard in Aracruz, Brazil, for building oil and gas production rigs and ship repair. The Brazilian press…

The Canadian shipyard Davie Yards is working on a restructuring plan to try to protect the Quebec-based ship builder from an expected cash shortfall more than a year after its purchase by…

Beluga Shipping, based in Bremen, Germany, has recently launched the Beluga P-series, a new state-of-the-art multipurpose super heavy lift project carrier. The P-series will represent the next generation of flexible carriers operating…

'Island Constructor' has won Offshore Support Journal's prestigious 2008 'Ship of the Year' award. The jury said: "Island Constructor was chosen as OSJ?s ?Ship of the Year? 2008 as a result of…