Utkilen, a Norway-based shipowner, has cancelled an order for three 9,500DWT chemical tankers at Italian shipbuilder Cantiere Navale de Poli. Utkilen’s 2009 annual report showed that the contracts were cancelled and that the refund guarantees for yard instalments were put in place.
It will take three to five years for world shipping to absorb tonnage coming from the yards, and the time it actually takes will depend on how many old ships can be scrapped and how many orders for new ones can be cancelled, said Tom Kim, a Hong Kong-based shipping analyst with Goldman Sachs. “Asia/
More than 90 personnel from the Trinidad and Tobago Coast Guard (TTCG) have completed a comprehensive Austal vessel training program in preparation for the delivery of their six vessel Fast Patrol Craft fleet in early 2010. The crew training program – held at Austal’s dedicated training facilities i
A ship repair and marine services company has been bought by a Welsh firm for an undisclosed sum. The Bailey Group, based in Cardiff, has taken control of the A&P Group, which employs 600 staff at four sites. They include: Hebburn on Tyneside, Middlesbrough in Teesside, Chatham in Kent and Falmouth
One of the largest banks in Russia, Sberbank, has prevented the bankruptcy of the Amur Shipyard by increasing its shareholding stake from 22.27 percent to 59.12 percent.
Acergy has collected new flexible pipelay work for its Polar Queen installation vessel working for Petrobras offshore Brazil. Polar Queen is due to commence the new four-year contract in early 2010, and the deal includes options for another four years.
The depressed shipping market condition has dragged down the container throughput of Taiwan’s port of Kaohsiung by 20 percent year-on-year during the period from January to April, stated Shieh Ming-hui, Kaohsiung Harbour Bureau Director.
The Vietnamese Foreign Ministry has asked China to release twelve Vietnamese fishermen and two boats currently being held in Chinese custody. Chinese fishery patrol vessels detained three Vietnamese fishing boats and 37 sailors on June 16 on the grounds of illegal fishing while they were catching fi
The safety of the UK’s offshore installations is improving but the “challenges are ongoing”, the Health and Safety Executive has said. The HSE review said work had taken place to rectify issues giving concern. Judith Hackitt, from HSE, said: “This is a work in progress and the momentum for improveme
An Evergreen Marine container ship set sail last Saturday as part of a project to measure and monitor the distribution of greenhouse gases in the Pacific Ocean. The US$70 million 298-metre-long, 5,364TEU ‘Ever Ultra’ departed from the newly-built Taipei Port destined for the Persian Gulf. The vessel
Bureau Veritas has awarded its first Energy Efficient Design label to the new 3,952-passenger cruise vessel ‘MSC Splendida’. Recently delivered to MSC from STX France’s St Nazaire yard, ‘MSC Splendida’ was officially named in Barcelona on July 12. Didier Chaleat, Senior Vice-President, Bureau Verita
The leading Chinese dredging company CCCC Guangzhou Dredging Company (GDC) and IHC Technical Services (IHC TS), part of IHC Merwede, have signed a five-year cooperation agreement for a full service package, namely IHC Life Cycle Support (LCS), for its IHC 7025MP® Cutter Suction Dredger fleet operati
MAN Diesel PrimeServ is addressing the present decline in the world economy and maritime shipping by introducing a financial product to help its customers invest in retrofit technology. The ‘Trident’ package aims to support shipowners looking to cut expenses by employing particular retrofit solution
Iridium Satellite LLC (Iridium) announces that, in conjunction with Boeing (NYSE: BA), the companies have achieved two major milestones to further develop and demonstrate capability enhancements to the High Integrity Global Positioning System (GPS) program for the U.S. Naval Research Laboratory. The
