Month: July 1999

Further demonstrating the current enthusiasm of Greek shipping companies for the cruise market, Piraeus-based Festival Cruises took delivery of its newly-built 47,900g flagship, Mistral, from the Saint-Nazaire Chantiers de l`Atlantique yard on…

Although several shipyards in South America are acquiring new skills, economic conditions and the lack of a clear shipbuilding strategy make further progress uncertain. Well known for their expertise with small ships…

The latest design for a low-speed engine aimed at smaller, but relatively fast, ships has led to wide consultation. Wartsila NSD has added the RTA60C to its low-speed engine range. The 60cm…

Paving the way to consolidation An increasing number of shipowners and operators are forging new partnerships. With the international shipping industry taking care of more than five billion tonnes of the world’s…

The OECD has agreed a common basis for calculating shipbuilding capacity with shipbuilding associations from the EU, Japan and Korea. Shipbuilding associations in OECD countries will now send questionnaires to yards requesting…

The EU’s industrial affairs commissioner, Martin Bangemann, has told the Korean Government that the EU will not allow its shipyards to be killed by unfair competition. He contrasted the contraction of capacity…

The MSC has agreed a draft resolution highlighting the issue of fraudulent certificates of competence. It invites member states and parties to STCW to report any cases or suspected cases of fraud…

The shipbuilding market will continue to suffer from overcapacity and subsidies will remain in one form or another, concludes a Norwegian report, The Future of North European Shipbuilding. The report argues that…

Kvaerner has sold the Kleven yard in Norway back to a consortium headed by the original family for NKr48.5million ($6.15 million). The sale excludes $20 million proceeds from two newbuildings that will…

Shipowners that have LR classed vessels are now able to check the survey status of their ships over the Internet using Class Direct Live. After entering a user name and password, owners…