Month: August 2005

Hempel, the Danish paint manufacturer, and the Vietnam Shipbuilding Industry Corporation (Vinashin) have signed a Business Co-operation Agreement (BCA) making Hempel the preferred supplier to all Vinashin's newbuilding projects. The agreement will…

The Board of Aker Finnyards has taken measures to make its Helsinki yard one of the most cost effective yards for building ferries in the industry. The former Kvaerner Masa Yards site…

Daewoo Shipbuilding & Marine Engineering (DSME) reported that its net income in July declined 34% to $8.1 million from a year earlier. Operating profit fell 58% $9.66 million, with sales declining 30%…

The French marine lubricants supplier, Total Lubmarine, maintains that the marine lubricants industry is facing a new and deepening supply crisis compounded by a period of unprecedented raw material price increases. It…

Todd Pacific Shipyards in Seattle, Washington, has leased the US Navy?s floating dry dock ?Resolute? after winning a bidding process last year. The lease is for a 20 year period and Todd…

The US Navy?s Office of Naval Research unveiled its new advanced electric-ship demonstrator ship, ?Sea Jet?, for the first time. The ship will test Rolls-Royce patented AWJ-21 water jet technology over the…

The future of the birthplace of Solidarity, the Gdansk Shipyard of the Grupa Stocznia Gdynia (SG GSG) continues to remain unsure. The state plans to merge it with several other shipyards and…

The first two of the latest Sulzer RT-flex50 common-rail marine engine type developed by Wärtsilä Corporation, have successfully completed official shop tests and class type approval tests at Wärtsilä's licensee Diesel United…