Author: Importer

A newly established joint venture among MOL, ITOCHU Corporation, Algerian state oil company Sonatrach and its wholly owned shipping company Hyproc Shipping Company has exercised its option to order a second LNG…

Mitsui O.S.K. Lines (MOL), Kawasaki Kisen Kaisha ("K" LINE), and Primorsk Shipping Corporation (PRISCO) concluded a 20-year charter contract for a newly built LNG carrier with Sakhalin Energy Investment Company. Sakhalin Energy…

Africa Israel Investments is part of a bidding consortium that was selected to build and operate a shipyard in Namibia's Walvis Bay port. The $10 million project will be the holding company's…

Hyundai Heavy Industries and STX Shipbuilding reported third-quarter losses as surging steel prices increased production costs. Hyundai?s net loss was $30 million compared to a profit of $3.5 million a year earlier,…

An international research project, part funded by the EU's Fifth Framework Programme (FP5), has developed a computerised prediction system that can forewarn cruise ship pilots of the consequences of a particular manoeuvre…

The Spanish government has recently announced that Izar and Gas Natural had struck a deal to build an LNG carrier at La Naval shipyard in Sestao. If the project goes ahead, the…

Star Reefers (SRI) has agreed with a Japanese owner to time-charter two new built reefer vessels each with a capacity of 585,000 cubic feet for a period of 10 years. The vessels…

After months of in-depth research, a team of independent consultants are allegedly to have concluded in a 46 page report that there is no future for commercial ship building at the Cammell…

Over 60 skilled staff at the Scotstoun and Govan yards could be axed before Christmas following a purge affecting engineering draughtsmen, combat systems engineers and programme planners. The move was condemned by…

State-owned Vietnam Shipbuilding Industry Corporation (Vinashin) will receive $76 million in loans from the Fund for Development to build five 53,000 DWT dry bulk carriers. This represents up to 65% of the…