General News

Shipbuilding division of Hanjin Heavy Industries plans to increase turnover from $860million in 2005 to $1.3billion in 2007. To achieve this, the Busan-based shipbuilder will introduce a 3,000 tonne lifting crane later…

Hyundai Samho Shipyard (HSS) is changing its management system to focus on productivity increase and cost reduction as a result of the deteriorating trading conditions in the wake of steep price rises…

Hyundai Heavy Industries and Pohang City have signed a MOU for building a block shop at a cost of $172 million. The location of the 240 acre site is near Pohang New…

High profile Greek shipowners have backed a move by Italy-based classification society RINA to expand its presence in Greece. Nineteen representatives of the Hellenic shipping community have joined RINA?s newly-reformed Hellenic committee.Ugo…

Smit Salvage has temporarily abandoned attempts to fit the 65 tonne steel cofferdam over the hole in the damaged Capesize bulk carrier Cape Africa. The joint response committee, which is overseeing the…

The joint venture company set up by Wärtsilä and CSSC (China State Shipbuilding Corporation) in China to design, manufacture and deliver fixed pitch propeller (FPP) packages has officially started operating at the…

The International Bunker Industry Association (IBIA) has welcomed the ratification of MARPOL Annex VI, but warns shipowners and bunker suppliers they need to act now if they are to meet with new…

Plans to build 95 bulk carriers by 2016 were revealed at a recent meeting between Korean Shipowners? Association and Korea Shipbuilders Association. The two associations discussed proposals to build dedicated vessels for…

Russia's largest shipper by tanker capacity, Sovcomflot, is competing with Korean and Japanese shipping companies for a $350 million order from Royal Dutch/Shell's Russian venture to ship liquefied natural gas.Sovcomflot is bidding…