Month: November 2004

Daewoo Shipbuilding and Marine Engineering (DSME) has reported a 75.5% fall in operating profits to 27 billion won in the third quarter of the year. DSME marked 1.14 trillion won in turnover…

Alfa Laval has introduced its new fully automated Viscochief MKII designed to provide the right viscosity at all times. That translates into optimal engine performance, reliable operation and the opportunity to avoid…

Mitsui O.S.K. Lines (MOL), Kawasaki Kisen Kaisha ("K" LINE), and Primorsk Shipping Corporation (PRISCO) concluded a 20-year charter contract for a newly built LNG carrier with Sakhalin Energy Investment Company. Sakhalin Energy…

A newly established joint venture among MOL, ITOCHU Corporation, Algerian state oil company Sonatrach and its wholly owned shipping company Hyproc Shipping Company has exercised its option to order a second LNG…

An international research project, part funded by the EU's Fifth Framework Programme (FP5), has developed a computerised prediction system that can forewarn cruise ship pilots of the consequences of a particular manoeuvre…

The Spanish government has recently announced that Izar and Gas Natural had struck a deal to build an LNG carrier at La Naval shipyard in Sestao. If the project goes ahead, the…

Star Reefers (SRI) has agreed with a Japanese owner to time-charter two new built reefer vessels each with a capacity of 585,000 cubic feet for a period of 10 years. The vessels…

Hyundai Heavy Industries and STX Shipbuilding reported third-quarter losses as surging steel prices increased production costs. Hyundai?s net loss was $30 million compared to a profit of $3.5 million a year earlier,…

Africa Israel Investments is part of a bidding consortium that was selected to build and operate a shipyard in Namibia's Walvis Bay port. The $10 million project will be the holding company's…