Month: September 2008

Malaysian shipbuilder Coastal Contracts has secured an $86.5 million contract to supply six offshore support vessels (OSV). Coastal has won about 1.1 billion ringgit ($139 million) worth of vessel orders this year,…

South Korean yards won half of the world's shipbuilding orders in the first half of this year, strengthening the country's dominance in the industry the government said. The country's shipbuilding yards secured…

Maersk Tankers has signed an agreement with STX shipbuilding company in Korea for the delivery of four VLCCs in 2011-2012. "We are very pleased with this order. The vessels are an important…

Wärtsilä introduces two new low-speed marine diesel engines at the Wärtsilä Licensees Conference held this week in Lucerne, Switzerland. The engines are developed in co-operation with Mitsubishi Heavy Industries in Japan, taking…

Polish treasury minister Aleksander Grad announced last week that "To make the restructuring effective, it is necessary to provide additional public aid to the shipyards. Shipyards in Gdynia and Gdansk need z³.835…

STX Group said that it is ready to chip in 300 billion won to join a consortium led by local steel giant POSCO to take over Daewoo Shipbuilding & Marine Engineering (DSME).…

Shipping analysts expect container lines to reduce vessels speeds still further as a way of cutting bunker consumption. "According to our analysis, a sailing speed of 21 knots is still far from…

Kongsberg Maritime in Norway has signed an agreement to acquire the UK-based sonar company GeoAcoustics Ltd for approximately NKr 42 million. The acquisition of the Great Yarmouth-based company will enhance Kongsberg Maritime's…

Industry has come out in support of emissions scrubbing technology in California, an industry poll has revealed. By a narrow margin, 55% of respondents to the poll on sustainableshipping.com said that "it…