Author: Importer

South Korea?s POSCO is considering a rise in steel prices, easing fears that rising raw material costs will hit its earnings, and lifting its shares to a four-week high. The company, the…

Hyundai Heavy Industries (HHI) has won a $300 million order from Korea Lines to build two VLCCs for delivery by the end of 2010. The South Korean shipbuilder is set to start…

FBMA Marine Inc. (FBMA), the Aboitiz-owned shipbuilder based in Cebu, Philippines has signed a new building contract with Wightlink, Portsmouth UK. The order is to design and build two new 41m medium…

Emerging South Korean yard Sungdong Shipbuilding & Marine Engineering is moving into the VLCC sector. According to local South Korean newspapers, Sungdong on 28 March concluded a contract with a European operator…

Singapore-listed shipyard Cosco Corp has begun quoting new sales contracts in Chinese yuan to reduce the impact of any further decline in the U.S. dollar, the company's president said recently. "We have…

The European Commission (EC) has reiterated its support for shipping emissions to be addressed globally at the International Maritime Organization (IMO), as long as it meets agreed deadlines. The message was delivered…

The US Navy is moving forward with construction of a new type of smaller, speedy warship after upending the program by canceling contracts last year, officials said.The Navy's formal requests for proposals…

The concept of Micro-SECAs has been dropped as work proceeded this week at the International Maritime Organization (IMO) to revise MARPOL Annex VI. It formed part of ?Option 3 Global/Regional with Micro-Area?…