Month: August 2009

The Brazilian iron ore producer Vale SA, is considering building 400,000 DWT ore carriers for its own fleet to serve the growing Chinese market and cut costs. Vale?s fleet has helped the…

Germany's Wadan Yards will receive two loans totalling ?20.5m ($28.8m) from the government of Mecklenburg-Western Pomerania. The money will be used to set up two transitional companies for the 2,400 employees of…

Industry sources say that four companies have purchased the five cancelled 32,000 DWT handysize bulker newbuildings which Cido Shipping had ordered from Namura Shipbuilding's Hakodate yard in Japan. NYK Bulkship is taking…

Philippine shipbuilder Colorado Shipyard Corp., which invested P1.04 billion for its facility in Cebu, has sold its first catamaran, a 33-meter aluminium vessel, to Demining International. This newbuilding has a service speed…

Malta Shipyards chief executive Christopher Bell has relinquished his post and reportedly left the island in search for new pastures, after government refused to renew his contract. A spokesman for the Ministry…

The containership liner fleet growth has almost stalled during the past few weeks as ships are joining scrap yards in droves while newbuilding deliveries are ebbing according to Alphaliner. Over the month…

Ships service agency Wilhelmsen Ships Service (WSS) is equipped for the complex changeovers that the Montreal Protocol will demand when it comes into law on 31 December 2009.After this date, the European…

In a major effort to reverse the recent negative trend in port state detentions, DNV has developed a Port State Control Toolkit that is especially designed to raise awareness and focus attention…

UK-operated shipbuilder FBMA Marine in Cebu, Philippines has "ceased operations", although it is still looking for new orders to stay in business. "We have stopped operations, but we have not closed down,"…