Month: February 1999

Finland`s main shipyards have been busy with corporate changes as well as with newbuildings. Kvaerner ASA plans to reduce its debt burden by raising a reported NKr2.5 billion ($39.28 million) through the…

As competition increases and the market continues to suffer, the possibility of class society mergers gets closer. There are likely to be mergers or alliances among classification societies within the next few…

Chevron has taken delivery of the first of a new class of four VLCCs with a number of interesting features. The four VLCCs, which were contracted at Samsung Heavy Industries in South…

FastShip is to install 250MW (340,000 bhp) in each of its high-speed container ships to achieve a service speed of 40 knots on the route between the USA and Europe. The company…

Figures from Lloyd`s Register shows the world orderbook grew by 2.1 million gross tonnage (mgt) in the quarter to end-September 1998 to stand at 57.7mgt (2,727 sea-going merchant ships over 100gt). Almost…

The IMO`s Marine Safety Committee will undertake a formal safety assessment study of bulk carriers in order to aid future decision making and has referred several issues to a sub-committee on Stability…

Details of the Syncrolift shiplift system that will form the heart of the new Abu Dhabi Shipbuilding (ADSB) yard have been released. The new lift will measure 120 x 25m and operate…