Month: May 2009

It is unacceptable to place orders at foreign shipyards if similar ships can be built in Russia according to the press center of RF Government citing RF Prime Minister Vladimir Putin as…

Qatar investor wants to buy the historic Gdynia shipyard in Poland according to a report in the Polska newspaper. The investor is thought to be Qatar Investment Authority QIA), which is interested…

Singapore Technologies Engineering Ltd (ST Engineering) today announced that its marine arm, Singapore Technologies Marine Ltd (ST Marine) has signed two separate Memoranda of Understanding (MOU) with French defence powerhouse, DCNS, as…

Container shipping faces a long recession that will force some lines out of business, AP Moller-Maersk chief executive Nils Andersen predicted. He cast doubt on whether urgently-needed consolidation could be achieved, given…

Shipping markets face at least two more years of strife as newbuildings stifle rates, Tor Olav Troim says. John Fredriksen's lieutenant also feels the time is not yet right to pick up…

There are few more dirty and dangerous jobs than scrapping old ships with scores of poorly equipped workers being killed each year in South Asia where most ships are broken apart. The…

Iridium reports that its new-generation global marine satellite communication system, Iridium OpenPort, has successfully completed sea trials on a number of different vessels, and worldwide commercial rollout is now underway."The feedback from…

Four domestic yards are in the running for a Russian state tender to build a rescue and salvage vessel. The federal agency of the Russian sea and river fleet, Rosmorrechflotom, says the…

Italy-based Siba Ships and Netherlands-based Seaarland Shipping Management have been named as the inaugural investors in a $300m Green Recycling Initiative (GRI) which aims to integrate the needs of shipowners to recycle…

CBO (Companhia Brasileira de Offshore) has purchased two further Rolls-Royceoffshore vessel design and equipment systems in a £13 million order. This latest contract, for two UT 715L construction/ROV vessels, follows a series…