General News

South Korean companies looking to cut costs by moving factories to China or Vietnam should consider investing in North Korea, said Park Seung, governor of South Korea's central bank. "The hollowing-out of…

Enpaco Corporation in Changwon, Republic of Korea, will manufacture the new TCA turbocharger model for MAN B&W Diesel under licence. The persons in charge have now signed a corresponding contract with a…

BAE Systems now appears unlikely to sell its shipyards after the company's surprising cash bid for Alvis, Britain's last independent tank maker. Sources close to Britain's biggest defence contractor said the sale…

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…

Korea is likely to remain the world?s leading shipbuilding country until at least 2015 with a 40% market share according to Ms. Hong Sung In, a research fellow of Korea Institute for…

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…

Germanischer Lloyd (GL) has launched a topical new e-mail newsletter called ?GL-Infomail? to keep its customers up to date on new and revised regulations, interpretations and information about IMO, IACS and GL…

At the recent Motor Ship Marine Propulsion Conference, Martin Bloem, Managing Director of the Holland Marine Equipment association, emphasised the importance of innovation, the environment and cooperation in the region, and even…

Rolls-Royce?s two new lean, clean and mean marine gas engines provide a power range from 1MW to 8.5MWDesigned and manufactured at Rolls-Royce?s Bergen facility in Norway, the K and B series of…

Since introducing its first azimuthing stern drive (ASD) tug, the ASD 3110 Citta Della Spezia back in 1993, the Dutch shipbuilding group Damen Shipyards has built almost 100 compact ASD tugs in…

In ensuring optimum lifetime reliability of a medium-speed diesel engine the user must be aware of certain key factors, not least the importance of the supplier/user relationship .To achieve an acceptable level…

Using Nimalike in the production and reconditioning of two-stroke components provides outstanding product properties.It is 7:30 in the morning in the assembly shop at the Märkisches Werk in Halver (MWH) and a…

German ship owners like Schiffko?s CV1100 PLUS feeder design.With all the hype about post-Panamax and ultra-large containerships, it is easy to overlook the vital role played by the smaller boxships up to…

New orders for ever-larger containerships look set to elevate Seaspan?s global position.Director of Vancouver-based Seaspan Container Lines (SCL), Graham Porter, says "Among the main limiting factors in building container ships over 10,000…