Despite the global economic downturn, Vietnamese trade is outpacing its outdated and overworked ports infrastructure. Filling the capacity gap will require substantial foreign investment, but questions about the country’s underlying financial health, including a recent sharp devaluation of the local
China’s Port of Xiamen recorded a volume of 34,281TEU in its flourishing international container transshipment business. If such growth can be repeated over the next two months, the port’s international box transshipment will exceed 150,000TEU by the end of the year, according to Xinhua.
Aker Philadelphia Shipyard (Oslo: AKPS), a leading U.S. commercial shipyard, delivered its eighth Veteran Class MT-46 product tanker today. The 46,000 dwt vessel, named the Overseas Cascade, was delivered to a subsidiary of Overseas Shipholding Group (OSG) and will ultimately have shuttle tanker fea
Wärtsilä, the marine industry’s leading ship power system integrator, has during 2009 been awarded two large orders from the Spliethoff Group, headquarted in Amsterdam, the Netherlands. The orders are for propulsion systems for eleven ships that the Spliethoff Group has ordered at the Ouhua Shipyard
A Royal Navy warship which seized a haul of cocaine with an estimated street value of £240m in the North Atlantic, has returned to Portsmouth. HMS Iron Duke seized more than five-and-a-half tonnes of the drug from a 138ft (42m) fishing boat off the coast of Colombia on 15 September.
Ulstein Design has signed six ship design contracts with Brazilian shipowners CBO and DSND Consub totalling over NKr 400 million. The contracts are for design, engineering, main equipment and buildi follow-up, and cover three different types of vessels.
Ningbo Port Co Ltd, one of China’s four biggest deep water ports focusing on international trade, plans to raise about 10 billion yuan ($1.5 billion) via a Shanghai listing in the first half of 2010, sources familiar with the matter said on Monday.
The Dutch yacht company Ghost Yachts and Italian design company Gloss Design unveil their first project to the public, the Ghost Yachts G180. The yacht embodies the best of two of the leading superyacht building nations. An unmistakable refined Italian styling combined with cutting edge Dutch engine
Austal has successfully launched its next generation 102 metre high speed trimaran vehicle-passenger ferry at its Western Australian facility. The vessel will now undergo final fit out prior to the commencement of sea trials in January. With a customisable seating arrangement for up to 1165 passenge
IMO Secretary-General Efthimios E. Mitropoulos expressed concern that adverse weather conditions and other contributing factors may bring about an accident to the supertanker Maran Centaurus – hijacked by pirates on 29 November 2009 with a cargo of 2 million barrels of crude oil – possibly resulting
The Silver Spirit was delivered to Silversea Cruises in a ceremony at the Ancona shipyard on Saturday, Dec. 12. Present were the Chairman of Silversea Cruises Manfredi Lefebvre d’Ovidio, while Fincantieri was represented by the Chairman, Corrado Antonini, and the Chief Executive Officer Giuseppe Bon
The Jakarta Post says Jakarta city’s Public Works Agency (PU) plans to use the first disbursement of a World Bank loan to dredge a dam and two rivers, sand says the work will take place in May 2010.
European energy company Vattenfall has erected the first of 100 Vestas V90 turbines at the 300MW Thanet offshore wind farm off the Kent coast. Vattenfall finished the erection of the turbine last Wednesday (December 9) at dawn.
Marg Karaikal Port, a wholly-owned subsidiary of Chennai-based infrastructure company Marg, may go for initial public offering (IPO) in the next financial year to meet its sales and operational requirements… Source: MyDigitalFC, December 13, 2009
