Month: March 2004

Dongkuk Steel in South Korea has advised that it will increase the price of steel plates by W 65,000 per tonne from March 16. The price hike is unavoidable because the import…

GESCO (Great Eastern Shipping Co) of India has ordered four 47,400 DWT product/chemical tankers from STX Shipbuilding. The vessels ordered have a length of 183m, a breadth of 32.2m, and a depth…

The Danish company Thrane & Thrane has received five new type approvals for its mini-C solution for Ship Security Alert System (SSAS), the TT-3000SSA Capsat. The following organizations have given their approval:…

The total fleet of merchant ships classed with Germanischer Lloyd (GL) increased by 8% in 2003, to 44.1 million gt. To assist with the growing workload, the classification society increased its staffing…

A mutual fund system for investing in shipping vessels was introduced last month for the first time in Korea. This fund will attract investments from individuals, secure lease vessels to shipping companies,…

The Norwegian ship owner Wilh. Wilhelmsen declared options to order a fifth and sixth PCTC from Mitsubishi Heavy Industries (MHI) in Japan.The vessels will have a car carrying capacity of 6,400 cars…

A key testing milestone for two Rolls-Royce gas turbines for the Royal Navy?s first Type 45 destroyer has been completed. The groundbreaking WR-21 powerplants completed factory acceptance testing at French programme partner…

The International Chamber of Shipping (ICS) has issued a stark reminder to shipping companies about the need to comply with the IMO ISPS Code, and has published a simple checklist of actions…