Month: November 1999

An epirb which failed to function has raised concerns with Canadian Coast Guard. The failure came to light in a report into the search and rescue operation following the loss of Flare…

Danish ferry operator Scandlines is facing prosecution for exporting toxic waste in December 1997 when it sold the ferry Knuds Hoved for scrapping in Mumbai, India. The 1960s-built ferry contained asbestos when…

Aker Finnyards is to build what it is claimed will be the largest ropax ferry in the world when it is delivered to Irish Ferries in early 2001. The order for the…

In the last month, Hyundai Mipo Shipyard in Korea has won orders for newbuildings from Italy and France. Navigazione Montanari in Italy has ordered a pair of 35,000 dwt chemical carriers from…

Analysis of claims over a ten- year period by the UK P&I Club showed that two per cent of the claims account for 72 per cent of the costs incurred. The analysis…

In September Japanese yards took orders for 38 ships (including 33 bulkers) totalling 1,350,000g bringing the total to 133 (4.8 million gross) since April. Order levels are running at twice the rate…

Having completed its debt-for-equity deal Daewoo Heavy Industries (DHI) is now 56 per cent owned by the Korea Development Bank and the Export-Import Bank of Korea (EIBK) with the remaining shares owned…

Samsung Heavy Industries says sales this year will reach $3.1 billion (shipbuilding accounts for 71 per cent) and net profits will almost double to $130 million. The company is pointing to a…

According to dry bulk carrier owners association Intercargo there were 19 bulk carriers lost in 1998 - the highest total since 1991, and up from 12 in 1997. Eight were Actual Total…