General News

Dongkuk Steel in South Korea has advised that it will increase the price of steel plates by W 65,000 per tonne from March 16. The price hike is unavoidable because the import…

The Ship Design & Equipment Subcommittee of IMO recently held its 47th session (DE47) in London, and amended the proposed revision to IMO's regulations on Permanent Means of Access (PMA or fixed…

The International Chamber of Shipping (ICS) has issued a stark reminder to shipping companies about the need to comply with the IMO ISPS Code, and has published a simple checklist of actions…

The total fleet of merchant ships classed with Germanischer Lloyd (GL) increased by 8% in 2003, to 44.1 million gt. To assist with the growing workload, the classification society increased its staffing…

A mutual fund system for investing in shipping vessels was introduced last month for the first time in Korea. This fund will attract investments from individuals, secure lease vessels to shipping companies,…

The Norwegian ship owner Wilh. Wilhelmsen declared options to order a fifth and sixth PCTC from Mitsubishi Heavy Industries (MHI) in Japan.The vessels will have a car carrying capacity of 6,400 cars…

A key testing milestone for two Rolls-Royce gas turbines for the Royal Navy?s first Type 45 destroyer has been completed. The groundbreaking WR-21 powerplants completed factory acceptance testing at French programme partner…

Kawasaki Shipbuilding in Japan has decided to introduce a new bow design known as 'Sea Arrow' on all future LPG carrier newbuildings. The new bow form, which was developed in May 2002,…

Mitsubishi Heavy Industries (MHI) has received a contract from Italian luxury yacht builder Ferretti group to supply and install 140 stabilising systems. The order is worth approximately $4.5 million with the systems…