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…

The California State Lands Commission recently issued a report that assessed the efficacy, availability and environmental impacts of currently available ballast water treatment technologies. Said the report: "Thus at least two systems,…

Daewoo Engineering & Construction has signed a contract worth QR2.2 billion ($610.6 million) with Qatar Petroleum (QP) to develop a shipyard in Qatar. Daewoo put the value of the order at 895.1…

Confident that the present economic downturn will not hit its ambitious Rs 2,000 crore shipyard plan near Chennai, Larsen and Toubro (L&T) said that to begin with it would start building naval…

Herma Shipping and Transport Corp. is set to deliver a double-hulled tanker to Chevron Philippines, the country?s third-largest petroleum company, by the first quarter of the year. The company, which is reviving…

Indian shipbuilder ABG Shipyard could see the cancellation for an order of three seismic vessels from Norwegian owner Scan Geophysical which recently stated that it was unable to sign a sale and…

Hyundai Heavy Industries (HHI) has beaten the world?s largest delivery record for large sized vessels, delivering 102 vessels in 2008. On 29 December last year, HHI held a naming ceremony for a…

The Mumbai-based Great Eastern Shipping Corporation (GE Shipping) announced that it has cancelled orders for the construction of two Supramax bulk carriers. The 57,000 dwt vessels had been on order with an…

The main creditor of Daewoo Shipbuilding & Marine Engineering (DSME) threatened to scrap a deal to sell the shipyard to Hanwha Group unless the conglomerate sticks to the 30 January deadline to…

Alnmaritec, the specialist aluminium boat builder based in Alnwick, Northumberland, UK, recently announced the successful launch of one of the largest boats it has built in recent years.The ?Aaryan? has been built…

Chipolbrok, the Chinese-Polish Joint Stock Shipping Company, has decided to invest another RMB2.3 billion ($340 million) in six heavy lift ships. The company will also re-instate a total of seven other ships…