General News

OOCL signed an agreement with Samsung Heavy Industries for two additional 8,063-TEUs SX class vessels for delivery in 2007. This brings the total numbers of SX class boxships ordered from the Korean…

Sulzer RT-flex96C low-speed diesel engines have been ordered by Odense Steel Shipyard in Denmark, for installation in four 3700 TEU L-class container ships being built for the Danish group A.P. M?ller -M?rsk,…

Bohai Shipbuilding in China has recently delivered its largest newbuilding in the shape of a 159,000 DWT Suezmax crude oil carrier. This was the first unit in a three-ship series ordered by…

The first Korea shipping fund, which was set up under the Ship Investment Company act in Korea, will make its debut early next year. Named Korea Marine Fund Corporation (KMFC), it was…

Daewoo Shipbuilding in Korea announced that next year it aims to earn W 4.3 trillion in revenue, W 300 billion in operating profit and W 250 billion in net profit. These figures…

Mitsui O.S.K. Lines in Japan revealed its plan to order three more double-hull VLCCs. In May this year MOL ordered six 300,000DWT double hull VLCCs from Mitsui Engineering & Shipbuilding, Kawasaki Shipbuilding…