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News

  • 14 November 2011

    CMI subsidiary wins vessel conversion contract

    A subsidiary of China Merchant Industry Holding (CMI) has won a $73.6m contract from Jasper Investments to convert its semi-submersible vessel 'Neptune Finder' into an accommodation vessel.

  • 14 November 2011

    MAN Diesel & Turbo wins order for EGR system

    MAN Diesel & Turbo has received an order to install its second-generation exhaust gas recirculation (EGR) system on a 4,500teu container vessel owned by Maersk Line.

  • 14 November 2011

    Moller-Maersk reports 78% drop in Q3 profit

    AP Moller-Maersk has reported a 78% drop in profit during the third quarter of 2011 to $371m, compared with $1.6bn reported during the corresponding period in 2010, as a result...

  • 13 November 2011

    India’s Kandla port to expand capacity

    The Indian Shipping Ministry is planning to upgrade infrastructure at Kadla port under a public private partnership (PPP) and expand its capacity to 100Mtpa within two years.

  • 13 November 2011

    Ocean Rig plans to order five drillships

    Ocean Rig, which is 73.7% owned by DryShips, is planning to order five new drillships at Synergy Group yards near Rio de Janeiro, Brazil, and charter them to Petrobras.

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