Hyundai Heavy Industries (HHI) will stop dismissing employees through voluntary retirement plans and pay each of their workers a special bonus of 1 million won ($910), the company CEO said. The Korea Times quoted a statement addressed…
The Great Eastern Shipping Company Ltd. (G E Shipping) took delivery of its new building Kamsarmax dry bulk carrier 'Jag Arnav'. The vessel of about 81,600 dwt was built at Tsuneishi Heavy Industries (Cebu) Inc., Philippines. With the inclusion of the vessel…
Is a bow really a necessity for large ships? When the vessel’s main function is walk-to-work (W2W) services in the offshore renewable sector, a heightened sterncan operateeither way,thus facilitating on-siteDP positioning.This is the idea behind the TWIN X-STERN concept vessel from ULSTEIN…
Argentinian company Cooperativa De TrabajosPortuariosLimitadade San Martín signed a contract forthe delivery of two Damen ASD 2810 tugs and one Cutter Section Dredger 500. The twovessels and dredgerare to be used in the Argentinian terminal region around Rosario on the Paraná river for towing…
Aker Philadelphia Shipyard ASA announced today that its Chief Financial Officer, Jeffrey Theisen, is resigning from his position later this month to pursue other career opportunities outside of shipbuilding and shipping. Art Whittemore…
The Malaysian Shipping Masterplan draft, which seeks to identify issues and make recommendations on the criticality of the shipping industry, will be ready by 2015-end, Bernama reported as Transport Minister Datuk Seri Liow Tiong Lai saying…
The role of IACS classification societies has evolved over time. Career development within those organizations has also changed. At the forefront of this movement is the American Bureau of Shipping. Mark A. McGrath is the Corporate Learning…
Maersk Line announced it has today ordered 11 new ultra-large second generation Triple-E containerships from Daewoo Shipbuilding & Marine Engineering (DSME). Ordered to replace smaller, less efficient ships in the Maersk Line fleet, the…
The X-STERN solution from Ulstein was awarded the Next Generation Ship Award at the Nor-Shipping opening conference on June 2. Innovative ship design is the main criteria in the awarding of this prize.“Innovation is at the core of what we do…
Norsepower’s Rotor Sail technology confirms fuel-saving potential in two independent trials by NAPA and VTT Technical Research Centre of FinlandNorsepower Oy Ltd. and Bore Ltd today carried out successful sea trial of Norsepower’s Rotor Sail Solution…
With new rules and regulations affecting the platform supply vessel (PSV) market, Wärtsilä is launching a new PSV ship design at this year's Nor-Shipping exhibition being held in Oslo from June 2-5. The new design puts emphasis on increased cost efficiency…
Prime Minister Nguyen Tan Dung approved a decision to build specialized ships for maritime research and survey purposes only in local shipyards associated with Vietnam Shipbuilding Industry Corporation (SBIC). From now onwards only member companies of the Hanoi-based SBIC…
Scorpio Tankers Inc. announced today (i) a new $250 million Securities Buyback Program, (ii) that it has recently taken delivery of an MR product tanker and (iii) that it will not exercise the options to purchase two LR2s currently under…
Norwegian manufacturer of ballast water treatment systems MMC Green Technology reports it has sold more than 70 systems since going commercial with its MMC BWMS two years ago, 40 of which have already been installed on board vessels worldwide…
Shipbuilder VT Halter Marine, Inc. announced construction has started early for the second liquefied natural gas (LNG)-powered ConRo ship, Taíno, for Crowley Holdings, Inc. Taíno’s steel cutting ceremony was held May 27 at VT Halter’s Pascagoula…
