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News

  • 24 October 2011

    Global ship orders drop 52% in Q3

    Global shipbuilding orders in the third quarter of 2011 dropped more than 50% compared to Q2 of this year because of financial constraint in Europe, according to a report by...

  • 24 October 2011

    EFIC to provide $100m guarantee for WICET

    Export Finance and Insurance Corporation (EFIC) will provide a $100m export finance guarantee to help secure loan facilities worth $3bn, which will be used to fund the construction and operation...

  • 24 October 2011

    Houston Port to implement APS Gate OCR Portal

    Port of Houston Authority (PHA) is planning to implement an APS Gate OCR Portal to automate equipment identification, traffic processing and damage inspection imaging at the new entry gate complex...

  • 23 October 2011

    Ship piracy cases rise

    Sea piracy around the world has increased with 352 attacks in the first nine months of 2011, up 22% from a last year, according to a latest report by the...

  • 20 October 2011

    Teekay to acquire three FPSOs from Sevan Marine

    Teekay has entered into an agreement with Sevan Marine (Sevan) to acquire three floating production storage and offloading (FPSO) units and make an equity investment in a recapitalizsed Sevan.

  • 20 October 2011

    Daewoo wins LNG pair

    South Korea's Daewoo Shipbuilding & Marine Engineering (DSME) has received a $400m order from Sweden-based Stena Bulk to build two liquefied natural gas (LNG) carriers.

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