GE Shipping has signed a contact to sell its 1986 built Aframax tanker ‘Jag Leher’. This Korean built ship of 107,592 dwt was acquired in November 2003. The ship is scheduled for delivery to buyers in Q3 FY 2007-08.
iPod integration has opened up in a new market – yachts. Three new Sunseeker motor yachts being launched at this month’s Southampton boat show feature iPod integration as standard.
The Chinese deep-water port at Yangshan, near Shanghai, provides ample evidence North America is about to be hit by a tsunami of containers from China. Yangshan is a reclaimed island the size of 470 soccer fields that lies in the East China Sea Port, offshore from Shanghai.
Samsung Heavy Industries has developed a new shipbuilding system, called the ‘tera-block’ method, that allows the company to assemble a vessel from just two large ship blocks. Comparing a ship with a house, ship blocks are the equivalent of bricks. As bricks are laid to build a house, ship blocks, w
Doha � Qatargas yesterday announced the naming of the Q-Flex LNG vessel ‘Tembek’ at a special ceremony held at Samsung Heavy Industries shipbuilding yard in Geoje Island, South Korea. The Tembek will be used to ship LNG produced by Qatargas 2’s Train 4 to customers in Europe. It is one of 14 ships t
D Datar, CFO, ABG Shipyard said that if the scheme is approved by the High Court, they will get more than 51% stake in Western India Shipyard. He, however, added that they will not be required to make an open offer for Western India Shipyard.
Kalmar, the business area providing container handling solutions within Cargotec, has received an order for a further 10 E-One rubber-tyred gantry (RTG) cranes from Saigon Newport Company (SNP) in Vietnam. The RTGs will be delivered during fall 2008 to SNP’s Tan Cang – Cai Mep International Containe
Hornbeck Offshore Services, Inc. (NYSE: HOS) announced today that the class action lawsuit previously filed against the Company and certain of its senior executives, relating to disclosures under the securities laws, has been voluntarily dismissed by the lead plaintiffs without any payment by the Co
APM Terminals Virginia officially opened its new US$450 million, 291-acre container terminal this week. The third largest container terminal in the United States is capable of handling 1 million TEU annually and has the potential to expand to a capacity of more than 2 million TEU.
Climbing production costs are adversely impacting new shipbuilding commissions in Finland. Aker Finland’s president is calling for subcontractors to keep their prices reasonable. Production costs have risen by several percent during the past year and a half.
Iran launched a highly advanced, high-speed cruise vessel, which has been made by its own experts, in the country’s southern waters in the Persian Gulf Wednesday morning.
Whatever floats your boat — be it luxury or sailing yachts, performance boats, sport fishers, sailboats, or the lowly inflatable dinghy — chances are you’ll find it this weekend at the 32nd annual Norwalk International In-Water Boat Show [NIIBS], which opens Thursday, Sept. 20 at Norwalk Cove Marina
Van der Velden Marine Systems has introduced a new version of its award-winning EPS™ thruster. The new EPS™ Azimuthing Retractable thruster performs both propulsion and steering duties, making it is the ideal solution for superyacht dynamic positioning, station keeping and mooring. Compact, silent a
A £14 MILLION deal to build the largest superyacht in the Northern hemisphere could be on the cards for Gloucestershire – following a visit from a Arab Sheikh. Three luxury yachts could be made at Sharpness if the ruler of Dubai goes ahead with his order.
