Author: Importer

Hyundai Heavy Industries and two other South Korean shipyards said that they have received orders valued at a combined 2.4 trillion won ($2.32 billion) to build 17 ships. Hyundai won an order…

Daewoo Shipbuilding and Marine Engineering (DSME) has unveiled an energy-saving device that it says will help lower vessels? operational costs with improved speed and reduced fuel consumption. The ?Pre-swirl Stator? was first…

As Saudi Arabia announced a 200,000 barrel increase in oil production and consumers grapple with record pump prices and fuel shortages, the shipping industry consumes daily 4.37 million barrels of oil unnecessarily,…

Daewoo Shipbuilding & Marine Engineering Co. (DSME) said it will invest 46 billion won ($44 million) in a South Korean shipping venture to buy more oil tankers. The stake in DK Maritime…

Lauritzen Kosan has ordered six 3,700m3 pressurized gas carriers at Yangzhou Kejin Shipyard Co. Ltd. in China for delivery December 2009 through to December 2010. "The newbuilding order is a result of…

A.P. Moller ? Maersk in Denmark has signed an agreement with Hyundai Heavy Industries for the delivery of 18 container vessels in 2011 and 2012. The vessels will each have a capacity…

Kawasaki Kisen Kaisha, Ltd. ("K" Line) will become a strategic investor in FLEX LNG Ltd. (FLEX LNG), having agreed to take a 15% stake in FLEX LNG through participation in the private…

The Sevmorput shipyard in Murmansk has signed a contract with the Vyborg Shipyard, one of Gazprom?s main contractors in the Shtokman project, to assemble the two platforms which will be used in…

Chinese shipbuilding group JES International Holdings Ltd. has won shipbuilding orders worth a total of $247.5 million. The company said it secured an order from Croatia's Atlantska Plovidba to build four 79,800…

The order book of a once defunct firm will soon exceed R1 billion, thereby creating hundreds of new jobs, largely thanks to a relatively small injection of loan funding by the KwaZulu-Natal…

Rolls-Royce has opened a new office in St. Petersburg to further support activity within the growing Russian marine market. St. Petersburg has become the Russian shipbuilding capital, with 60% of the country?s…

China Ocean Shipping (Group) Co (COSCO) is mulling over a plan to reduce the service speed of all of its ships by 10%, in order to lower fuel consumption and reduce emissions.…

Daewoo Shipbuilding & Marine Engineering has received a 532.8-billion-won ($519 million) order to build four vessels. The deal with a European shipping company calls on Daewoo to deliver two oil tankers and…

Daehan Shipbuilding recently celebrated the christening of its first 170,500dwt vessel, at its shipyard located in Haenam, Korea. The vessel has been christened ?MYSTIC?.With a length of 289 metres and a 45…

Highspeed Shipbuilding & Engineering Co (HSEC), a Bangladesh shipbuilder, has won a $50 million order from Japan to build ten small ships. This is further evidence of the country's booming shipbuilding industry…

The ?stanbul Directorate of the Labour and Social Security Ministry has ordered the temporary closure of one of the shipyards in the Tuzla area, where 98 workers have died in work-related incidents…

Malta is to start the process to privatize the island nation's shipyards, amid plans for a reduction in the workforce, Maltese Prime Minister Lawrence Gonzi announced yesterday. Several companies, especially from northern…

The Danish based OW Bunker, one of the world?s largest providers of marine fuel oil, lubricants and ship services, announced the launch of five new state-of-the-art bunker fuel delivery vessels for its…

The first locally built, double-hull oil tanker made by a Filipino company was recently launched from the ship repair and shipbuilding firm Herma Shipyard, Inc (HSI) in Bataan. Named ?Matikas?, the newbuilding…