Month: April 2008

Cosco Singapore shipyard has canceled a $202 million order to build a semi-submersible oil rig hull because Red Flag A.S. of Norway didn?t pay a deposit for the construction to proceed. This…

South Korea's steel manufacturer, Posco, will raise steel prices by up to 20.7% in a move widely expected in markets to help it pass on soaring prices of raw materials. The price…

India?s offshore service provider Dolphin Offshore Ltd moved a step closer towards the take off platform for its proposed Rs 400-crore greenfield shipyard project in Gujarat, with the company having received the…

The revision of MARPOL Annex VI and the NOx Technical Code (Annex VI) means there is now a sell-by date on the term Sulphur Emission Control Area (SECA) at the IMO. In…

Brazil plans to promote the country?s ship building industry not only to supply vessels and oil rigs for domestic demand but to export them to the rest of Latin America. "We?ve started…

A good week so far for Chinese shipbuilders with brokers reporting several major contracts. Cosco?s shipyard in Nantong has received more orders for Suezmax tankers from European owners. Greece?s Thenamaris has reportedly…

As part of its active portfolio management activities, ThyssenKrupp Technologies is selling the Rendsburg/ Germany-based shipyard Nobiskrug GmbH. Nobiskrug, a subsidiary of ThyssenKrupp Marine Systems, has 400 employees and generated sales of…

STX Pan Ocean Co., South Korea's top bulk carrier, has plans to spend 288 billion won ($295 million) to add two container ships to its fleet by 2012. Earlier this year, the…

Rolls-Royce has been selected to design a research vessel to carry out significant environmental research at both the North and South Poles. The vessel will be outfitted to cover a wide range…

Vic Emery, managing director of BAE Surface Fleet Solutions, in his evidence to the Scottish affairs committee, expects that after contracts for the two promised aircraft carriers are completed, the Royal Navy…