Month: May 2004

Norwegian Cruise Line (NCL) said that repairing the Pride of America cruise ship, damaged while being fitted out at the German shipyard of Lloyd Werft where it was undergoing a $340 million…

In April 2004, Wärtsilä signed a co-operation agreement with a maritime training academy in Turku, Finland, AB Utbildning Sydväst (Sydväst Maritime). Through this agreement Wärtsilä Land and Sea Academy (WLSA) provides accredited…

Daewoo Shipbuilding in South Korea claims it will achieve $17 billion turnover and $2.5 billion in operating profit by 2015. Jung Seong Leep, executive president & CEO of the shipbuilder, said that…

In the first quarter of the year, Hyundai Heavy Industries (HHI) posted $1.8 billion in sales, a 12% increase from the same period last year while it achieved $17 million. This is…

Leading fuel testing agency Lintec saw 13.7% of all samples it tested exceed at least one parameter requirement in 2003. This represents a 4.5% increase in off-spec results over 2002. And Lintec…

Germany's shipbuilding sector is facing a major restructuring in the wake of plans proposed by the ThyssenKrupp group to merge its shipyard business with that of US company One Equity Partners (OEP).…

Southampton-based VT Group will confirm its interest in buying the BAE Systems' yards at Govan and Scotstoun which will spark fresh fears for the future of the 2,300 Clydeside jobs. VT?s chief…

Busan city in South Korea has officially received a request from Hanjin Heavy Industries to secure 1.22million ?u space near Busan new port. When the shipbuilder moves to its new location, the…

STX Shipbuilding secured an order for four 10,600DWT chemical tankers plus four options from Clipper Group Management at a total price of $140millionb for the eight vessels. Thy will measure 116.50metres long,…

Nakashima Propeller in Japan has revealed details of an electric propulsion system it has developed known as the NAP or Nakashima Advanced Pop-Propeller. The NAP comprises of a vertically positioned fixed speed…