Author: Importer

The world's largest container liner Maersk Line is backing slower steaming as a response to rising bunker costs. Slow steaming is an efficient way to reduce bunker consumption, lowering operational costs as…

Rem?y Shipping has signed a contract with Ulstein Verft for the building of two eco-friendly platform supply vessels (PSV) of Ulstein PX105 type designed by Ulstein Design with future oriented products and…

Hyundai Mipo Dockyard has won a 121 billion won ($117 million) deal to build two chemicals carriers for a European shipping company for delivery by December 2011.

The European Commission said on Thursday it is preparing to demand the repayment of Polish government aid to the Gdynia and Szczecin shipyards, while Warsaw signaled it needed more time to find…

Colombo Dockyard, Sri Lanka's sole listed ship builder, said its March quarter net profit went up 22.5% to 245 million rupees from 200 million rupees a year ago. Revenue rose 49.6% to…

Noreq AS, the Norwegian manufacturer and supplier of maritime deck equipment, has acquired the Bergen-based davit manufacturer Crevi Davit AS. The acquisition strengthens Noreq?s focus on the development of maritime equipment, particularly…

The Jan De Nul Group in Belgium has signed contracts with Tianjin Xinhe Shipbuilding Heavy Industry Co Ltd in Tianjin, China, for the construction of five work boats. The workboats are similar…

The KG Maritime Shipping consortium which has a 70% stake in Bulgarian national maritime carrier NMB, will add to the fleet 25 new vessels over the next decade, The initial talks will…

STX Shipbuilding in South Korea reports that it has succeeded in developing a 22,000 TEU containership making it the worlds largest of its type. The containership is 460m in length, 60m in…

Daewoo Engineering & Construction Co. has won a 277 billion won ($264 million) order from the Omani government to build a ship repair yard and dry dock complex in southeastern Oman. The…

The shipping arm of Brazil's state oil company Petrobras launched an expanded second phase of its tanker order with planned tenders for 23 vessels, including four Suezmax and three Aframax carriers. The…

Jurong Shipyard in Singapore, a wholly-owned subsidiary of Sembcorp Marine, has secured a Letter of Intent (LOI) from Seadrill Limited to build a deepwater semi-submersible drilling rig at a turnkey contract value…

Danish shipping group AP Moller Maersk is to launch a cost-cutting programme at its Odense shipyard that could jeopardise jobs as it seeks to stem mounting losses. "The shipyard is still operating…

As government, the management, and the workers? union blame each other for the failure of the Malta Shipyards to become financially viable, the fate of this state company, one of Malta?s largest…

NYK has taken delivery of a new LNG vessel, Grace Cosmos, which is equipped with training facilities for cadets. It is the first vessel in Japan with such cadet-training facilities. The first…

Brazilian mining giant Vale is set to recast the world?s seaborne iron ore trade, with the confirmation of an order for 14 giant bulk carriers worth as much as $2 billion. The…

Hyundai Mipo Dockyard Co., a unit of Hyundai Heavy Industries, has won orders worth a combined 330.7 billion won ($316.6 million) to build eight bulk carriers. Under the contract signed with Asian…

Aker Yards Marine Inc. (AYM) has joined the team assembled by BMT Fleet Technology Limited that has been awarded the definition, engineering, logistics and management support (DELMS) contract for the Canadian Arctic…

The Selah Shipyard in Istanbul's Tuzla region will be shut down until the safety issues have been properly addressed and rectified. The decision to shut down the shipyard, taken by the provincial…