Month: August 2008

Nippon Yusen K.K. (NYK), Japan's largest shipping line by sales, will spend 70 billion yen ($638 million) over six years on new engines, solar panels and other technologies to help cut vessel…

The government in India has decided to look for a joint venture (JV) partner from the private sector to bail out ailing state-owned shipbuilder Hooghly Dock and Port Engineers Ltd (HDPEL) and…

The U.S. Coast Guard (USCG) announced the beginning of enforcement of the requirements for owners and operators of large cargo vessels other than tankers, known as nontank vessels, to prepare and submit…

Daewoo Shipbuilding & Marine Engineering has won a deal to build four VLCCs for 743 billion won ($710 million) for Kuwait Oil Tanker Co. Delivery is scheduled to be completed by the…

Samsung Heavy Industries has received a 689 billion won ($641 million) contract to build a drill ship. The deal with a U.S. shipping company calls on Samsung to deliver the vessel used…

Ships will soon need permits from the US Environmental Protection Agency (US EPA) for their operational discharges in US waters including ballast water, bilge water and grey water. The issue of operational…

South Korea's two largest box carriers, Hanjin Shipping Co. Ltd and Hyundai Merchant Marine Co., Ltd, will reduce the speed of some of their vessels to cut down on bunker consumption. The…

The Union Government has approved the proposal of the Cochin Shipyard (CSL) for the creation of a Small Ship Division in the yard. The project, to be set up at an investment…

Beluga Shipping, based in Bremen, Germany, has recently launched the Beluga P-series, a new state-of-the-art multipurpose super heavy lift project carrier. The P-series will represent the next generation of flexible carriers operating…

Singapore company Jurong is investing 500 million reais ($308 million) in the construction of a shipyard in Aracruz, Brazil, for building oil and gas production rigs and ship repair. The Brazilian press…