Author: Importer

Finland`s main shipyards have been busy with corporate changes as well as with newbuildings. Kvaerner ASA plans to reduce its debt burden by raising a reported NKr2.5 billion ($39.28 million) through the…

As competition increases and the market continues to suffer, the possibility of class society mergers gets closer. There are likely to be mergers or alliances among classification societies within the next few…

Chevron has taken delivery of the first of a new class of four VLCCs with a number of interesting features. The four VLCCs, which were contracted at Samsung Heavy Industries in South…

FastShip is to install 250MW (340,000 bhp) in each of its high-speed container ships to achieve a service speed of 40 knots on the route between the USA and Europe. The company…

Figures from Lloyd`s Register shows the world orderbook grew by 2.1 million gross tonnage (mgt) in the quarter to end-September 1998 to stand at 57.7mgt (2,727 sea-going merchant ships over 100gt). Almost…

The IMO`s Marine Safety Committee will undertake a formal safety assessment study of bulk carriers in order to aid future decision making and has referred several issues to a sub-committee on Stability…

New tonnage orders for the cruise industry continue with French yard Chantiers de l`Atlantique securing a construction contract from operator Radisson Seven Seas France. Ordered is a 46,000t newbuilding scheduled to be…

Korean yards are starting to make their presence felt in the international passenger/car ferry newbuilding market. Last month Samsung secured an order for two passenger/car ferries for Greece`s Minoan Lines. Now Daewoo…

Chinese yard Shanghai Edward Shipbuilding Co has signed a contract to build a 16,800 dwt chemical tanker for Swedish owner Rederi Donsoetank AB. The yard, which is working with a full orderbook…

Wartsila NSD has secured the first order for its low-speed RTA68T-B engines from the Polish shipyard Stocznia Gdynia. The two six-cylinder engines will be installed in a duo of 78,500m3 LPG carriers…