General
Philippines President visits Austal
The President of the Republic of the Philippines, Benigno S. Aquino III, visited Austal’s shipyard in Balamban, Cebu last week to formally mark the facility’s opening.
Scrapping outruns Ordering
2012 hit the record year for demolitions with a reported 57.5m dwt (1,266 vessels) were sold for scrap, which increased by 34.6% year-on-year. Total demolition volume in 2012 approximates record in 2009 but is larger than total volume of newbuildings contracted in 2012, by 21%.
Alfa Laval wins DSME gas order
Alfa Laval – a world leader in heat transfer, centrifugal separation and fluid handling – has won an order from the Korean shipyard Daewoo Shipbuilding & Marine Engineering (DSME) to supply Alfa Laval Aalborg heaters to a floating production, storage and offloading vessel (FPSO) which will be bu...
Mitsubishi-Jieneng Joint Venture
Tokyo, January 15, 2013 - Mitsubishi Heavy Industries, Ltd. (MHI) has signed an agreement with Qingdao Jieneng Steam Turbine Group Co., Ltd. of China, a major manufacturer of small steam turbines, under which the two companies will jointly establish Mitsubishi Heavy Industries Jieneng (Qingdao) Stea...
