Month: April 2005

More than half the workforce at a troubled British shipyard has been made redundant. About 160 of the 240 workers employed at McNulty Offshore in South Shields, South Tyneside, will lose their…

Hyundai Heavy Industries (HHI) earned a $10 million bonus for sticking to "three strict conditions" laid down the US oil giant Exxon Mobil that had ordered an FPSO from the Korean shipbuilder.…

Hanjin Heavy Industries in Korea has won an order for five 4,000TEU container ships from an unidentified European shipowner at a total cost of $365 million. All units will be delivered by…

Sovcomflot, Russia's largest shipping company, is continuing its fleet re-equipment and modernization programme on the back of the high demand in the energy sector and the capabilities of the Russian shipbuilding industry.…

The Singapore-based IMC Group has signed a joint venture deal with Zhejiang Yongyue Shipping from China during a recent meeting of the Singapore-Zhejiang Economic and Trade Council in Singapore. The 50/50 joint…

The Norwegian shipbuilder and ship repairer Bergen Yards is planning to move some of its production of special-purpose vessels to Bulyard Shipbuilding Industry (BSI), according to Bergen Yards? marketing director Magnus Stangeland.…

Daewoo Shipbuilding in South Korea has secured a contract for two 84,000 cbm LPG carriers from the Belgian shipowner Exmar for delivery during fourth quarter 2007 and first quarter 2008. No price…

Jotun, the Norwegian paint manufacturer, has developed an epoxy primer designed for real life use on small maintenance areas. This unique primer, called Jotamastic Smart Pack, is designed specifically for use with…