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…
Korea-based Samsung Heavy Industry (SHI) expects to make a new highest sales record in 2011, passing its sales target of KRW13trn ($12bn).
Despite the global downturn in the industry last year, Wilhelmsen Ships Services had already initiated actions to respond to signals that were being seen in the market of stronger trade in the continent at the end of 2009.
In line with the increasing globalization of its sales markets, GEA is planning to build a separator production facility in Wuqing, China. Production is scheduled to start in 2011.
Eniram Ltd, provider of dynamic decision support systems for the shipping industry, has today announced that Hapag-Lloyd AG, one of the largest container shipping lines in the world, will be deploying the first installation of the Dynamic Trimming Assistant (DTA) on their container vessel, Osaka Express, at the beginning of December 2010
After sixteen months of intense construction, COSCO Dalian Shipyard has completed its conversion of the VLCC “SUNRISE IV” to an FPSO for MODEC Offshore.
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.
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.
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.
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.