DSME Signes a $800M Deal With Sovcomflot

South Korea’s Daewoo Shipbuilding & Marine Engineering announced today that on October 20th they signed a newbuilding contract with the state-owned Sovcomflot to build a total of 12 Aframax crude/product carriers (including vessels to be built in Russia and optional units) worth around $800m.

Kockums launches submarine for Singapore Navy

RSS Swordsman was launched today with pomp and circumstance. The submarine is the second in the Northern Light project under which two Västergötland class submarines, previously owned by the Swedish Navy, have been rebuilt, life-extended and modernised.

MAN Announces Ultra-Long-Stroke Engine

The first G-type engine, designated G80ME-C1, has a design that follows the principles of the large-bore Mk-9 engine series that MAN Diesel & Turbo introduced in 2006. The G-type is designed with a longer stroke to reduce engine speed, thereby paving the way for ship designs with unprecedented high-efficiency.

Wärtsilä Reports Icreasing Demand

Today Wärtsilä released its interim report. By the end of the third quarter, 1,150 vessels have been ordered which is notably more than for the full year 2009. Contracting activity continued to be good in the bulk carrier segment, supported mainly by Chinese ship owners.

Flowserve Signs Agreement With Russian Ship Center

Flowserve Corp. (NYSE:FLS), a leading provider of flow control products and services for the global infrastructure markets, today announced the signing of a 10-year licensing agreement with Zvezdochka Ship Repair Center in Russia to provide the proprietary know-how for the purchasing and production of thrusters for ship propulsion systems.

World´s Largest Ferry Employs MAN Common Rail

Daewoo Shipbuilding & Marine Engineering Co., Ltd. (DSME) of Korea, one of the world’s largest and most innovative shipyards, has ordered four common-rail 12V48/60CR Tier-II propulsion engines from MAN Diesel & Turbo SE. The prime movers will power a new RoPax ferry for Tunisian ship owner COTUNAV (Compagnie Tunisienne de Navigation).