Month: February 2000

MaK has purchased the bankrupt two-stroke builder Dieselmotorenwerk Rostock (DMR), giving it extra space to accommodate engine production envisaged in its ambitious expansion plans. The Rostock factory will be converted to four-stroke…

Sasebo Shipyard in Japan has been awarded an order for two capesize bulk carriers by Ceres Hellenic Shipping Enterprises. Due for delivery in late 2000 and early 2001, the 170,00 dwt vessels…

Usually regarded as a source of inexpensive, but unsophisticated newbuildings, Chinese yards continue to gain orders for an increasingly diverse range of complex newbuildings. The latest is an order placed at Guangzhou…

Halter Marine is expected to be the beneficiary of a contract to build a car carrier for Pasha Hawaii Transport Line. The shipowner is seeking $80 million worth of loan guarantees from…

National Steel & Shipbuilding Company (NASSCO) on the US West Coast has received a $300 million order from Totem Ocean Trailer Express (TOTE) in Alaska for a pair of ice-strengthened, environmentally friendly…

Having lately been displaced from their position as the world?s leading shipbuilders by Korea, Japanese shipyards received another major blow in December when Kawasaki of Japan decided to order five 5,600 TEU…

Chinese shipping interests Shipping Container Line (SCL) and China Shipping Container Line (CSCL) went on a spending spree in January, confirming orders for no less than 21 ships at yards in China…

In a move that could presage orders for the construction of more ships of the type, Loews Corporation and Greek shipowner Basil Papachristidis have ordered two 450,000 dwt, 3.2m million barrels capacity…

BHP has announced it is exiting the Tasman trade, due to continued loss of earnings in liner shipping service. Its Transport Group general manager Bruce McGowan, said the decision had not been…

@body:ICO Global Communications, the UK company set up in 1995 to develop a global mobile satellite communications system (previously known as Inmarsat P), has been bailed out of bankruptcy by an injection…