In the first half of 2012, the global economic downturn and weak international trading activities continued to exert pressure on the shipping industry, which has been struggling since the second half of 2011. The imbalance between supply and demand of the shipping industry further worsened, leading to a reduced overall shipbuilding demand, and new shipbuilding [...]
The first in a series of five very advanced Coast Guard vessels has reached its final port destination in Falkenberg at the West coast of Sweden. With the help of Volvo Penta’s innovative propulsion system the ships are to reduce fuel consumption by approximately 30% compared to traditional installations. After successful test runs at the [...]
June 22, 2012 | Posted in
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![Eidesvik orders seismic vessels from Ulstein]()
Eidesvik has ordered two large, state-of-the-art seismic vessels of the type ULSTEIN SX120 from Ulstein Verft. The ships will be delivered in spring 2010. The contract’s total value is about NOK 1.3 billion.
July 5, 2007 | Posted in
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![Napoli beach reopening to public]()
A Devon beach which was the scene of scavenging after cargo washed ashore from a beached ship is being reopened to the public. Branscombe Mouth beach was closed after it was littered with debris and cargo from the MSC Napoli in January.
April 5, 2007 | Posted in
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![The Octopus, arives in Shanghai]()
Yesterday Paul Allens megayacht, the Octopus, pulled into the Shanghai Port International Cruise Terminal along the Huangpu River.
March 30, 2007 | Posted in
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![Alternative Maritime Power Project Underway at POLA]()
Expanding the use of the world’s first clean electrical power program for container ships at dock, the Port of Los Angeles is beginning construction on a direct wharf plug-in system at Berths 212-216. Considered the “next generation” of the Alternative Maritime Power (AMP) program, ships calling at these berths will not use a barge conduit [...]
May 17, 2005 | Posted in
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![Malaysia Shipping Posts Record Profit]()
Malaysia International Shipping Corp., the world’s biggest owner of liquefied natural gas tankers, said its fourth-quarter tripled to a record after it sold some ships and freight rates rose. Stockholders will be given a free share for each held.
May 17, 2005 | Posted in
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