Caterpillar will build a US$300 million large-engine manufacturing facility in Tianjin, China, scheduled to be operational in 2013.
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Source: Break B...
Posted on 11/24/2010 / 0
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Nov 24, 2010
Beluga reshapes its semi-liner services
Beluga Shipping has reshaped its semi-liner services to offer a “more customer-friendly approach” says the line, less than a year after the service commenced.
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Source: Heavy L...
Posted on 11/24/2010 / 0
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Large part of container fleet on extra slow steaming
Currently, 93 per cent of the Far East–North Europe loops and 80 per cent of the Far East–Mediterranean loops have adopted Extra Slow Steaming, ESS, French Alphaliner estimates.
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Source: ship...
Posted on 11/24/2010 / 0
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Wisby Tankers investing heavily – orders two asphalt tankers
Finally it was confirmed, the rumour that has been circling in the market for a while: Wisby Tankers is investing heavily and orders two asphalt tankers on 15,000 DWT each at 3 Maj Shipyard in Rijeka, Croatia.
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Source: ship...
Posted on 11/24/2010 / 0
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Shipbuilding major looks towards Yamal LNG
The United Shipbuilding Corporation intends to bid for contracts in the Yamal LNG project.
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Source: Barents Observer....
Posted on 11/24/2010 / 0
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Containerships collide off coast of Bengal
Two containerships have collided at the entrance to the Hooghly river in West Bengal, India, leaving one of the vessels in danger of sinking.
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Source: ...
Posted on 11/24/2010 / 0
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Rates still on the slide
Global shipping freight rates out of Asia were down again last week, with prices to Europe sliding almost 2%, compared with two weeks ago, and rates to the US west coast down 3%.
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Source: ...
Posted on 11/24/2010 / 0
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Dutch firm to pull out ship
Dutch firm Smit-Llyod BV has been engaged to pull the damaged Tiger Spring from the riverbed at the narrow Hooghly Point stretch and salvage the containers the ship is carrying.
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Source: The Telegr...
Posted on 11/24/2010 / 0
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A British warship on patrol off the Somali coast has destroyed a pirate "mother ship", Nato has said.
The HMS Montrose Lynx helicopter spotted the craft during one of her dawn patrols.
Snipers then sank it with heavy machine gun fire "in full view of the pirate camp", a Nato statement said.
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Source: Sky N...
Posted on 11/24/2010 / 0
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U.S. Sends Aircraft Carrier for Joint Exercises With South Korea After Deadly Attack
APNov. 24: An aerial view shows destroyed homes on Yeonpyeong island, South Korea, one day after North Korea's artillery attack on the island.
A U.S. aircraft carrier strike group set off for Korean waters Wednesday after President Obama pledged America would...
Posted on 11/24/2010 / 0
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Five Somalis Convicted in U.S. Court for Piracy
Five men from Somalia were convicted on Wednesday in a federal court in Virginia on piracy and other criminal charges over an April attack on a U.S. Navy ship off the coast of Africa, a Justice Department spokesman said.
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Source: ABC N...
Posted on 11/24/2010 / 0
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IMO to amend mandatory fire test code, life boat
Amendments to the International Maritime Organisation (IMO’s) Convention for the Safety of Life at Sea (SOLAS) to make mandatory the International Code for the Application of Fire Test Procedures (2010 FTP Code) and to improve lifeboat release hooks are set to be adopted.
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Source: Compass...
Posted on 11/24/2010 / 0
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Russian shipbuilding education under spotlight at IMarEST lecture
Shipbuilding education in Russia from Peter The Great’s training experience in Holland and England at the end of the 17th century until the present time will come under the spotlight on 15 December, when Professor Kirill V Rozhdestvenskiy DSc CEng FIMarEST delivers the Institute of Marine Engineering,...
Posted on 11/24/2010 / 0
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Frontline Says Oil Tankers Still Vulnerable as New Tonnage Enters Market
Frontline Ltd., the world’s biggest operator of supertankers, said the market is still “vulnerable” after almost five months of unprofitable rates. The shares fell the most in 2 1/2 months in Oslo trading.
Shipowners cut speeds and idled vessels this year as spot...
Posted on 11/24/2010 / 0
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Dry bulk market still going strong this week, capesize sector losing steam
The dry bulk market kept its upward momentum yesterday, with the industry’s benchmark, the Baltic Dry Index (BDI) gaining a further 0.64% to end the session to 2,213 points, still way off its year-highs of more than 4,200 points. But, the negative news –if one...
Posted on 11/24/2010 / 0
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Brazil shipbuilding targets world No.2
Brazil's shipbuilders went on to proclaim recapturing the top of the world's shipbuilding industry. This is their ambitious plan to recreate the glory of winning the world No.2 position after Japan in the world's shipbuilding industry in the 1970s.
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Source:...
Posted on 11/24/2010 / 0
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HHI's order strike for next year
Hyundai Heavy Industries (HHI), which rejected to receive new orders for low price newbuildings, showing a passive attitude towards winning new orders this year, is expected to assume an active form in winning fresh orders for higher value-added containerships,...
Posted on 11/24/2010 / 0
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DryShips Strikes Deal With South Korean Shipyard
DryShips said Tuesday it has inked a deal with a major South Korean shipyard for the option to construct four ultra deepwater drillships.
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Source: Fox Busin...
Posted on 11/24/2010 / 0
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Offshore Rig Orders End Drought
Since the start of October, drilling companies have ordered at least 17 new rigs, a wave of spending that signals optimism oil prices will remain high and producers will continue to demand the latest advances in equipment as they tap increasingly hard-to-reach offshore reservoirs.
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Source:...
Posted on 11/24/2010 / 0
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Russia Buys 50% of STX Shipyard in Helsinki, Interfax Reports
OAO United Shipbuilding Corp., Russia’s state-controlled shipbuilder, bought 50 percent of an STX Europe ASA shipyard in Helsinki for 150 million euros ($200 million), Interfax reported, citing the Russian company.
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Source: Bloomb...
Posted on 11/24/2010 / 0
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$2.8bn high-tech shipyard opens
The Erhama bin Jabir al-Jalahma Shipyard has been designed for the repair and maintenance of very large LNG carriers and a wide range of other vessels.
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Source: Gulf Ti...
Posted on 11/24/2010 / 0
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Drydocks World delivers Jack-Up platform Swift 10
Drydocks World has announced the delivery of Jack-up platform Swift 10 to Swift Drilling BV. Swift Drilling BV is a joint venture between Cofely Oil & Gas BV and Jack-Up Barge BV. The contract was valued at AED. 89.3833 million.
The specialized jack up platform was built at Drydocks World's yard...
Posted on 11/24/2010 / 0
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Bharati Shipyard boosts order book with Tebma buy
Bharati Shipyard Ltdacquired Chennai-based loss-making Tebma Shipyards Ltd, buying a 51% stake for about Rs.76 crore. Investors cheered this development and Bharati’s stock rose by 4% to Rs.239 per share, on a day when the Bombay Stock Exchange’s (BSE) Sensex declined by 1.3%. Bharati Shipyard will...
Posted on 11/24/2010 / 0
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Japan warming up to solar power exports
A scorching desert in Tunisia provides a site that symbolizes the end of the "cold shoulder" treatment the Japanese government has given to Japan's solar thermal power industry.
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Source: as...
Posted on 11/24/2010 / 0
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Vietnam PM admits shipping scandal responsibility
Vietnam's Prime Minister admitted government failures Wednesday in the case of state-run shipping group Vinashin, which has been driven to the brink of bankruptcy ahead of a key Communist Party Congress.
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Source: ...
Posted on 11/24/2010 / 0
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Breakthrough subsea deal for Aker Solutions
Aker Solutions has secured an important contract to supply heating systems for the subsea pipelines that Technip will deliver and install for the Goliat field in the Barents Sea. Contract value is approximately NOK 80 million.
Direct electrical heating (DEH) of...
Posted on 11/24/2010 / 0
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