Month: February 2009

The Panama Canal Authority has issued precise details on dimensions for the next era of Panamax ships. Proposals for the new locks will be received by 3 March and the canal authority…

Daewoo Shipbuilding & Marine Engineering Co said its fourth-quarter earnings increased more than five-fold due to construction of more expensive vessels. Net profit reached 293 billion won ($210 million) in the October-December…

South Korea retained its No.1 ranking in the global shipbuilding industry in terms of new orders, order backlogs and volume of vessels built in 2008. The nation's shipbuilders won a combined 17.5…

Swiss power and automation technology group ABB is opening an engineering center in Singapore to carry out engineering of FPSO and FSO projects for the offshore oil and gas industry.ABB's capabilities for…

Jinan Steel Group in China has recently signed strategic cooperation agreements with seven key shipbuilders in Shandong, to consolidate their production-demand chain of shipbuilding steel plates to the mutual benefit of all…

It is reported that China's shipbuilding industry's revitalization plan has been drafted following the release of support plan for auto industry and is to submit to the State Council for approval. One…

Wartsila is reportedly facing losing up to ?800m of its existing orderbook due to potential cancellations. With a current ship power orderbook of ?4.5bn ($5.8bn), this represents almost 18% of its engine…

Indications that things weren't quite shipshape at bulk commodity carrier Dryships surfaced last week when the company stunned the market with news that it was suspending its dividend and cancelling several new…