Shipping & Markets

Yara and Wilhelmsen strengthen collaboration in maritime emissions reduction market

Yara and Wilhelmsen strengthen collaboration in maritime emissions reduction market21.10.2013 (WW)Yara and Wilhelmsen Maritime Services (WMS) have entered into a new collaborative agreement on emissions to air in the marine sector.The agreement establishes  direct collaboration and enables both companies to focus on core strengths in reducing nitrogen oxides (NOx) emissions to air from commercial vessels.…

New CEO for Stena Line

Gunnar Blomdahl took over as Stena Line’s CEO in 2003. During the years with Gunnar as CEO, Stena Line has developed into one of the world’s largest ferry companies, including the best years historically in terms of profit. The company has invested around SEK 11 billions in new tonnage and geographic expansion, e.g. through the…

Maersk to Switch Away from Shipping

In an article by Financial Times the Danish conglomerate AP Møller-Maersk has delivered a damning assessment of the state of the container shipping sector by signalling it will switch investment to its other businesses.

Nils Andersen, chief executive, told the Financial Times that the group would no longer invest large amounts in Maersk Line, the world’s biggest operator of container ships with a 16 per cent market share, and would instead focus on its oil, drilling rigs, and ports divisions.

Keppel´s Overseas Yards Secures Contracts Worth S$ 160 million

Keppel Offshore & Marine Ltd’s (Keppel O&M) subsidiaries, Keppel Subic Shipyard, Inc. (Keppel Subic Shipyard) in the Philippines and Keppel Verolme BV (Keppel Verolme) in the Netherlands, have secured contracts totalling S$160 million. Keppel Subic Shipyard has been awarded a contract from Shell Philippines Exploration BV (SPEX) to build a Depletion Compression Platform (DCP) to…

Hyundai Mipo Wins $49 mln Order from Japan

Hyundai Mipo Dockyard Co., a Korean shipbuilder, said Tuesday that it has won a $49 million order to build a liquefied petroleum gas (LPG) carrier. Under the deal with JX Shipping Co. of Japan, Hyundai Mipo will deliver the 35,000-cubic meter vessel by July, 2014, the company said. The LPG carrier is 174 meters long…

Box volumes recover in Sept. for Shanghai & Ningbo Transportweekly . Com

Box volume through Shanghai and Ningbo recovered in September with Shanghai rising 11.6 per cent year-on-year to 2.9 million TEUs, while Ningbo jumped 20 per cent to 1.6 million TEUs, according to Exim News Service. For Shanghai, it was a 5.6 per cent volume increase compared to August. Overall, Shanghai’s September all cargo volume increased…

Ships at Eight-Year Low Seen Falling in Hyundai Price War

Prices for new ships have fallen to an eight-year low as shipyards sacrifice margins to win orders Blommberg reports. Hyundai Heavy Industries Co. (009450), the world’s largest shipbuilder, may be about to make the price war worse. The company could push prices down as much as 15 percent industrywide as it tries to replenish an order…

Doosan Halts Operation

Doosan Engine haltes operation in one of thier shipbuilding facilities today Reuters reports. According to ReutersOman reason the lack of new orders due to the financial crises.   Source: Reuters

Consilium Receives Orders in Italy Worth 20 MSEK

Consilium Italy has received orders to deliver fire detection systems for three cruise ships and radar systems for a number of naval vessels. The order value is SEK 20 million. The orders include fire detection systems for two new cruise ships being built at the Italian shipyard Fincantieri for Carnival Group and a retrofit installation…

China’s Shipbuilders Suffer Fall in New Orders

Orders won by Chinese shipbuilders dropped more than 6 percent in the first seven months of this year due mainly to prolonged uncertainties in the global economy, an industry association said Tuesday. The China Association of the National Shipbuilding Industry said its members clinched orders totaling 176.08 million deadweight tons (DWTs) in the January-July period,…