Author: Importer

Tankers sold for scrap at ship breaking yards fell 40% during the first seven months of the year as surging freight rates prompted owners to keep vessels in service, London-based shipbroker Simpson,…

Radix Marine, a US-based marine vessel development company specializing in port and homeland security and defense initiatives, signed a contract to build two prototype manned vessels with a marine technology company, Advanced…

Construction on a new 300,000dwt dry dock has started at the Yongyue Shipyard at their at Mashidao facility in China. The ship repairer and shipbuilder will complete this dock by the end…

An international labour standard designed to create a new biometric identity verification system for the world's 1.2 million seafarers has received sufficient ratifications to go into force on 9 February 2005, the…

Iran hopes the first ship to be built for the Islamic Republic of Iran Shipping Lines (IRISL) at a local shipyard can be launched next year. Despite slow progress in the field…

Aker Kvaerner has signed a letter of intent to perform fabrication, outfitting and testing of seven barges for oil production in the giant Kashagan oilfield in the north Caspian Sea, offshore Kazakhstan.…

Daewoo Shipbuilding Marine Engineering (DSME), the world's No.2 shipbuilder, announced that its second-quarter profit rose 12% as gains in sales of newbuildings were bolstered by currency hedges. Net income rose to $78…

Connecticut-based Competitive Technologies (CTT) has signed an agreement with Illinois-based Cutting Edge Technologies (CET) to commercialize and grant licenses for CET's patented ?accelerated steel cutting? (ASC) technology. The ASC technology, with a…

NCL Corporation (NCL) unveiled the itinerary for Pride of America, the second of three US flagged cruise ships that will sail to Hawaii under the NCL America brand. The ship, which earlier…

Malaysia International Shipping Corp (MISC) will increase its fleet of LNG carriers to 28 by 2008 from the present 17 to meet the growing demand for gas deliveries, its chairman Tan Sri…