General News

Electronic Sensor Technology, Inc., has developed a new technique for screening cargo containers. To date, the most reliable way to search for illicit materials in cargo containers is by manual inspection and,…

Mitsubishi Heavy Industries (MHI) is bidding to buy Westinghouse Electric of the USA and has begun negotiations with the UK-based BNFL which owns Westinghouse. The two sides could reach a deal, estimated…

Venezuela's state-run Ferrominera del Orinoco and Italy's Danieli Spa signed a $570 million agreement for the construction of steel plant in eastern Venezuela. A government official said the factory would produce steel…

The largest container ship to date, the 9,200TEU MSC Pamela, was recently delivered by Samsung to Offen. Measuring 337 metres long, 46 metres wide and 24.6 metres draught, the newbuilding is powered…

Doosan Engine, a South Korean manufacturer of marine diesel engines, will establish an engine parts complex in China by 2008. The company plans to construct the complex on a 330,000 square metre…

The Hudong Heavy Machinery Company has launched a marine diesel engine joint venture in Shanghai with China State Shipbuilding Corp. (CSSC) and Mitsui Shipbuilding Co., (MSC) of Japan. The joint venture has…

Petroleos de Venezuela SA (PDVSA) has ordered two product tankers from a shipyard in Argentina at a cost of $120 million according to Norwegian shipbroker Fearnleys AS. The 75,000DWT tankers will be…

STX has been appointed by the South Korean Ministry of Maritime Affairs and Fisheries to design and build a 6,900 tonne ice-breaking research vessel. The shipbuilder will complete the design work by…

STX Shipbuilding will enter into the LNG carrier newbuilding market and has signed a technology supply agreement with Gaz Transport & Technigaz S.A. earlier this year. At present, STX has completed setting…

The new shipbuilding consortium Bulyard and Cyprus-registered Bulcon have signed a letter of intent for one 9,300DWT and one 42,000DWT general cargo ships worth $35 million. In May, Bulgarian shipping company Navigation…