Wärtsilä Joins Global Sustainable Shipping Initiative, SSI

Wärtsilä, the marine industry’s leading solutions provider, has joined the Sustainable Shipping Initiative (SSI), a programme initiated by Forum for the Future. The initiative brings together the industry’s leading organizations to show what can – and must – be done for shipping to contribute to, and benefit from, a sustainable future.

A/S Norske Shell Extends Contract with Aker Solutions

A/S Norske Shell has decided to extend the maintenance and modification contract with Aker Solutions, exercising a 2 year option in the existing agreement for the Draugen and Ormen Lange fields. Work under the new option will last until December 2012. The contract value is estimated to be in the range of NOK 1- 1.5…

Hempel Meets Growing Demand for Coatings

With 56,000 square meters of space, Hempel’s newest and largest factory, located in Guangzhou, China, is expected to produce more than 42 million litres of coatings per year, with a maximum production capacity of 55 million litres.

NYK to Launch a New Thailand-Vietnam-Singapore Service

Nippon Yusen Kaisha (NYK) and Vinalines Container Shipping Company (VCSC) will launch a new joint service, the Thailand–Vietnam–Singapore (TVS) service, at the end of December. The TVS service will be operated by two 1,100 TEU vessels. NYK and VCSC will deploy one vessel each for this new joint service. The first vessel will be deployed…

Pride International, Inc.In Ultra-Deepwater Drill Ship Construction

Pride International, Inc. (NYSE: PDE) today announced that the company has reached agreement with Samsung Heavy Industries, Ltd. (SHI) for the construction of a fifth ultra-deepwater drillship, further expanding the company’s ultra-deepwater fleet size and drilling capabilities. Consistent with the company’s previous four ultra-deepwater drillships ordered since 2007, the new unit will be constructed on…

Korea to Get First Int’l Cruise Ships

The Ministry of Land, Transport and Maritime Affairs said yesterday that it has approved the country’s first operation of international cruise ships, in a bid to strengthen the country’s foothold in the Northeast Asian cruise market. A license was issued to Harmony Cruise, an affiliate of Polaris Shipping Co., according to the ministry. Harmony Cruise…