Russia’s coast guard detained a South Korean fishing trawler with 31 people aboard after firing warning shots Thursday, alleging that it was poaching in Russian waters, news agencies reported. The trawler was one of four that were sighted in Russia’s economic zone near Russian-held islands northeast
South Korea will spend about $156 million to develop weapons and radar systems for a new fleet of 2,300-ton frigates over the next five years, the Defense Acquisition Program Administration (DAPA) said yesterday. “The combat systems will be installed on a new fleet of Ulsan-I warships to replace the
The first phase of the Jiangnan Changxing Shipbuilding Base has been finished and is already in operation on Changxing Island, Shanghai. Built by the China State Shipbuilding Corporation (CSSC), it has three production lines and four boatyards capable of holding 300,000-ton ships. Almost unparallele
BATH, Maine – Bath Iron Works broke with the past practice of consulting with the Machinist Union beforehand when it announced the layoffs of 30 workers, the union president said. The union is disappointed that it was not consulted, Local S6 President Mike Keenan said. In the past, discussions have
Kalmar, the business area providing container handling solutions within Cargotec, has made an agreement to acquire its Belgian distributor Catracom. Catracom has been distributing Kalmar equipment since 1985. Catracom has a strong service set-up in the port of Antwerp as well as equipment rental bus
THE Nigerian Navy has announced that it was making plans to commence ship building locally in the nearest future with a view to meeting with capacity demands of the nation
Salvage operations for a Greek Ship grounded in the St. Lawrence River began this week. The TORO was on its way from Ontario to Mexico when became grounded near Cornwall Island earlier this month. No pollution or injuries were reported. Officials said it should take 36 hours to unload more than 3,00
Ramunia Holdings said on Sept 14 that it was in talks with European oil and gas drilling firms for orders to build semi-submersible drilling rigs and that it hoped to win an order soon. A semi-submersible order could range between US$500 million (RM1.83 billion) to around a US$1 billion and would pl
The Nam Trieu Shipbuilding Company, subsidiary of the Viet Nam Shipbuilding Industry Corporation (VINASHIN), started building a 53,000 tonne cargo ship for the UK’s Graig Shipping Ltd. on Sept. 13. This is the first among 21 cargo ships to be built under a 400 million USD contract signed between VIN
On September 14 W
Aker Kvaerner has been awarded a contract to supply subsea trees to Brazil’s national oil company Petrobras. The contract has a value of approximately USD 12 million. The scope of work comprises three mudline dual-bore christmas trees designed to 250 metres (820 feet) water depth, with associated to
The South Korean government said it would provide support to those shipping lines in the country that seek mergers to bolster their market share and compete worldwide. The government is studying various measures, including providing support for funding mechanisms that could facilitate acquisitions,
Turkey will not open its ports to Greek Cypriot ships and planes unless the EU ends restrictions on northern Cyprus, a top Turkish politician has said. Yasar Yakis chairs Turkey’s European Union affairs committee. The EU is pressing Turkey to ratify the customs agreement with Cyprus or face a collap
Mitsubishi Heavy Industries, Ltd. (MHI) is taking steps to boost its production capacity in small-size turbochargers by more than 20%, from the current 3 million units p.a. (per annum) to 3.6 million p.a. by the end of the first half of fiscal year (FY) 2007 (April 1, 2007 through March 31, 2008). T
