Month: July 2005

State-owned Shipping Corporation of India (SCI) received the government's nod to buy two VLCCs each costing $130 million. The 300,00DWT newbuildings have already been ordered from Daewoo (DSME) and are scheduled for…

South Korea's Daewoo Shipbuilding and Marine Engineering (DSME) has won a contract to build four 3,200TEU container ships worth $249.6 million from German ship owner Hamburg Sud. Delivery of the 22 knot…

Swedish-based shipbuilder Kockums, a division of Germany's ThyssenKrupp Marine Systems, has signed a contract with Japan's Kawasaki Heavy Industries to deliver Stirling engines to Japan?s submarine program. The order follows several years…

The Vietnamese shipbuilder Hyundai-Vinashin (HVS) has completed the lengthening of the Wallenius owned car carrier ?Elektra? increasing its gross tonnage from 57,018 to 66,624. Elektra, built in 1999 at Daewoo, is the…

Texas-based Exxon Mobil Corp. said it would replace its Alaska fleet of single-hull oil tankers with double-hull vessels. The US energy company will first buy and refurbish two ageing double-hull tankers now…

Tomorrow, the Council of Ministers is expected to adopt formally two pieces of legislation that aim at combating ship-source pollution through a system of sanctions in case of intentional acts or serious…

Venezuela's state-run Ferrominera del Orinoco and Italy's Danieli Spa signed a $570 million agreement for the construction of steel plant in eastern Venezuela. A government official said the factory would produce steel…

Mitsubishi Heavy Industries (MHI) is bidding to buy Westinghouse Electric of the USA and has begun negotiations with the UK-based BNFL which owns Westinghouse. The two sides could reach a deal, estimated…

Electronic Sensor Technology, Inc., has developed a new technique for screening cargo containers. To date, the most reliable way to search for illicit materials in cargo containers is by manual inspection and,…

Mitsubishi Heavy Industries has developed a new low-speed marine diesel engine, the UEC50LSE, in cooperation with Wärtsilä Switzerland Ltd. MHI initially reached an agreement with Wärtsilä in November 2002 toward joint development…