Author: Importer

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…

Hanjin Heavy Industries & Construction has won a $330 million order to build two oil tankers. The deal with Emarat Maritime LLC of the United Arab Emirates calls on the shipyard to…

The UK Defence-technology group QinetiQ has won a £150m contract from the Ministry of Defence (MoD) to provide testing and design services for ships, submarines, and other maritime equipment.The 15-year contract, called…

Vessels could be forced to reduce speeds to 10 knots if a new regulation by the National Oceanic and Atmospheric Administration (NOAA) in the USA gets given the go-ahead. The NOAA Fisheries…

Wärtsilä has acquired Navelec SAS, a French company specializing in marine navigation and communication systems, electrical marine services, and control and automation services. Navelec's main office is located in Le Havre, France,…

Sealink International Bhd's unit, Sealink Shipyard Sdn Bhd (SSSB), has secured two contracts worth RM62 million ($18 million) to construct the hulls for two 111-metre accommodation work barges for Singapore-based Swire Pacific…

Europe's biggest shipbuilder, Aker Yards of Norway, is now officially renamed STX Europe ASA as a result of the takeover by South Korea's STX Shipbuilding. The name change was approved by an…

South Korean shipbuilder Hanjin Heavy Industries Corp.-Philippines in Subic Bay, has recently completed its second container ship, named CMA CGM Turquoise, with a market value of over $60 million. Hanjin completed the…

The new £3.9 million slipway unveiled recently at Macduff Harbour in Scotland will safeguard jobs and reverse the decline in the harbour's fortunes. Located at the Macduff shipyard, the new fully-automated facilities…