Author: Importer

Mitsubishi Heavy Industries (MHI) has signed an agreement under which it will license its low-speed diesel engine technology to Vietnam's state-owned shipbuilding company.Under the agreement, MHI will provide Vinashin with the licensing…

Hyundai Heavy Industries (HHI) achieved a net profit in the third quarter because of more profitable orders and one-off gains from an accounting change. Earnings at South Korean shipbuilders, which dominate the…

Samsung won an order for three 70,000DWT ice breaking tankers from Sovcomflot. The newbuildings will be able to break ice going either ahead or astern. Total contract price is $ 430 million.

Maersk is poised to tighten its stranglehold on container shipping with a new generation of container ships able to carry up to 15,000 TEUs, according to Paris broker Barry Rogliano Salles. The…

MSC Cruises has confirmed to ALSTOM a contract for the construction of two 1,650 cabin cruise ships, following a letter of intent signed last June. These newbuildings will be the largest ever…

Germanischer Lloyd (GL) has bought a stake of 75% in Ms Logistik Systeme (MLS), a Rostock software company which plans, develops and markets program modules for highly efficient vessel management. Employing 14…

Kawasaki Heavy Industries (KHI) announced that its subsidiary company Kawasaki Precision Machinery Ltd (KPM) has completed the construction of a new ship rudder plant in Uiryeong, South Korea. KPM?s rudder business in…

The city of Xiamen in China announced that it will develop shipbuilding and ship repair business by 2015. According to Korea Trade-Investment Promotion Agency?s branch office in Xiamen, the city will secure…

Hurricane damage to Northrop Grumman's Mississippi and Louisiana shipyards tops $1 billion and company officials claim production delays could cost the defense contractor millions more. The Pascagoula shipyard had been inundated by…

Nexans, a major global player in the cable industry, has entered into an agreement with Bourbon Cable AS, a subsidiary of Bourbon Offshore Norway AS, securing control of the specialised cable layer…