Month: December 2005

Tamba Kisen in Japan ordered a 10,000 cbm ethylene carrier from INP Heavy Industries. This shipbuilder now has clinched a total three 10,000 cbm ethylene carriers from Japanese ship owners.

Posco in South Korea has cuts thick steel plate price by W 30,000 per tonne and, as a result, the price to Korean shipbuilders will be W 615,000 ($604.48) per tonne from…

Hyundai Heavy Industries (HHI) has successfully developed Korea?s first marine hydraulic pump through in-house technology after two-year research and development commitment. To develop this hydraulic pump, HHI faced technological difficulties since it…

South Korea's Daewoo Shipbuilding & Marine Engineering has canceled an order, received in October, for two semi-submersible drilling vessels worth $402 million. The order had been placed in October by Singapore's Frigstad…

South Korean shipbuilders are paying large royalties on a core foreign technology for manufacturing LNG carriers, causing a big reduction in their earnings. To build LNG carriers, most Korean and foreign shipbuilders…

The option agreement Aker Yards and Tallink had for a large cruise ferry was recently confirmed and the 165 million euro vessel will be built at the Helsinki yard for delivery in…

China Shipping has won a new order for a 8,530TEU container ship with Hudong Zhonghua Shipbuilding in China for delivery on late 2008. Daehan Shipbuilding in South Korea clinched three 10,000DWT multi…

The State of California Clean Coast Act comes into effect on 1 January 2006 and prohibits incineration onboard oceangoing ships operating within three miles of the California coast. The law also prohibits…

At its December meeting the California State Lands Commission (SLC) is expected to approve the report to the Legislature titled "Recommendations for Performance Standards for the Discharge of Ballast Water into the…

Owners have reported encountering difficulties with the new Brazilian ballast water management requirements issued by the Directoria de Portos e Costas (DPC). The new regulations came into affect on October 15, 2005…