Month: March 2005

"In time, forensic technology will be adopted as part of the universal specification of bunker fuels," says John Dixon, managing director of leading fuel-testing agency Lintec Testing Services. "As fuel testing technology…

According to market reports in the Italian financial press, Fincantieri has acquired the Grand Bahama Shipyard for about $100million. Finland?s Masa Yards was also in the running, but Fincantieri?s package was considered…

EXMAR, the Belgium shipping company, has signed a newbuilding contract for two very large LPG carriers at Daewoo Shipbuilding and Marine Engineering in South Korea. The newbuildings will have a capacity of…

The South Korean steel manufacturer, Posco, will be increasing the price of its steel plates for shipbuilding by W 60,000 ($60) per ton. However, Posco explains that it will apply discount ratio…

Shipbuilders in South Korea are refraining from receiving new low-end orders as they have already secured a three-year backlog of orders. Industry sources claim Samsung did not bid for a recent order…

STX Engine, the affiliated company of STX Corporation in South Korea which owns STX Shipbuilding, has selected SAM Electronics as preferred partner for supply and integration of navigation and communication systems. Under…

The Saigon Shipbuilding and Maritime Industry Company (Saigon Shipmarin) is investing more than $17 million in their shipyard to enable the company to build ships of over 10,000 tonnes. Currently, the Ho…

Four 8,600 TEU container ships ordered by Hyundai Merchant Marine (HMM) from Hyundai Heavy Industries (two ships) and Hyundai Samho Heavy Industries (two ships) are to be powered by 14-cylinder Sulzer RT-flex96C…

Two major orders for a total of 12 engines have been placed with Chinese shipyards both calling for Mitsui-built K98-cm bore engines of MAN B&W Diesel design.The first project is at Hudong-Zhonghua…

Maple LNG Transport, a joint venture owned equally by MOL and Hiroshima Gas, has ordered a 19,100 cubic metre LNG carrier from Kawasaki Shipbuilding, and signed a 20 year charter contract with…