Author: Importer

Korea's STX Shipbuilding has made a start on the construction of its new shipyard to be built in Dalian, China which it estimates will generate $3 billion in sales in 2012, similar…

POSCO, South Korea's leading steelmaker, plans to raise the prices of some steel products beginning 19 April to reflect an increase in iron ore costs. The price of steel plates for shipbuilding…

Colombo Dockyard Ltd. (CDL) is having talks with Croatian investors on setting up ship building facilities in Sri Lanka according to a government minister. Investment promotion minister Sarath Amunugama said negotiations on…

Wärtsilä Corporation today inaugurated the first phase of a new reconditioning workshop in Shanghai, China. It will provide high-quality reconditioning services to owners and operators of marine engines, gearboxes,controllable-pitch propellers, thrusters and…

South Korean shipbuilders are expected to win the bulk of global orders for liquefied natural gas (LNG) carriers this year thanks to their capabilities to build such ships, industry sources said.Three of…

Daewoo Mangalia Heavy Industries won a new order of four 171,000DWT bulk carriers from Anangel Shipping for delivery in 2009 and 2010. The new order includes an option for two more units.Hudong…

Hyundai Samho Heavy Industries has clinched an order two 10,000TEU container ships from ZIM. The new vessels will be delivered in January and February 2010. The order also attaches one more option.…

AP Moller Maersk is in the process of selling German shipyard Volkswerft Stralsund, which is owned by its subsidiary Lindo. According to Borsen, Lindo's chief executive Finn Buus Nielsen said it is…

Aker Yards in Norway has entered into a contract with Gulf Offshore North Sea Ltd in Aberdeen, Scotland, to build two Platform Supply Vessels (PSV) based n the Aker design PSV 09…

BAE has launched a takeover bid for Devonport Management Ltd (DML) in the UK-based Devonport dockyard where the Royal Navy?s nuclear-powered submarines are refitted in programmes worth hundreds of millions of pounds.BAE…