China's Taizhou Kouan Shipbuilding has secured a contract from a German owner for eight 1,400 teu container ships. Announcing the order on 16 September, the yard said the vessels would each be 153.7 m ...
Taizhou Kouan yard wins eight box ships
MODEC wins FSO project from Maersk Oil
Japanese floating production specialist MODEC said on 16 September that it is to provide a floating and storage vessel for Maersk Oil's Culzean project in the North Sea. The Culzean field is located ...
Japanese shipyard orders soar
Orders at Japanese shipyards this August soared by 252% from a year earlier, as shipowners rushed to build ships that comply with the International Maritime Organisation's new standards. The IMO's ...
Salvage divers complete first Sewol inspection
The first stage of preliminary inspections on the capsized Sewol ferry has been completed. South Korea's Ministry of Oceans and Fisheries (MOF) said on 16 September that 50 divers have been working on ...
Rena salvage bill second only to Costa Concordia
The salvage of Rena, which ran aground on a reef off Tauranga, New Zealand, in 2011, has cost NZD500 million (USD317.2 million). This makes the container vessel the second most expensive shipwreck in ...
Marine insurers urged to get tough on maintenance skimping
As shipowners and shipping firms continue struggle with a depressed maritime market, insurers have raised concerns over the temptation to reduce spending on maintenance. Speaking at the annual meeting ...
Order drought drives Bergen Group unit to bankruptcy
Bergen Group Skarveland, a wholly owned subsidiary of the listed Bergen Group offshore and maritime solutions provider, has filed a petition for bankruptcy. The wholly owned subsidiary of the listed ...
Forward trading scheme completes first delivery
Shanghai Shipping Freight Exchange has completed the first delivery under its dry bulk capacity forward trading scheme. On 8 September, Dato Lucky, a Handymax bulker, was delivered to Shanghai-based ...
Tanjung Offshore in deal with China’s Jereh
Malaysia-listed offshore services provider Tanjung Offshore has signed a collaboration agreement with China-based Yantai Jereh Petroleum to provide oil and gas services in Malaysia. Under the ...
CIMC first-half profit up nearly 47%
Shenzhen-listed China International Marine Containers (CIMC) has posted first-half profits up by 46.7% on the same time last year. These amounted to CNY1.5 billion (USD1.13 billion) on revenue up by ...