According to the BIMCO analysis the shipyard industry seemed to head straight for the output-abyss just 15 months ago. Today the transition from recent years' record high shipyard output to a more sustainable level of output appears to soft-land with global shipyard output clearly slowing down. This BIMCO analysis compares data from December 2011 with data from March 2013, representing a remarkable turn for the shipyard industry.

 An integrated part of this soft landing is the evidence of th...

The Ministry of Oceans and Fisheries of Korea announced on May 14 that it had decided to make it mandatory to build eco-friendly vessel to reduce the emission of carbon dioxide. The ministry reformed ’Marine Environment Management Act’ and ‘The Rule for prevention of Marine Pollution from Ships’ to set a limitation of carbon dioxide emission generated from construction of vessels for international voyage, weighing more than 400 gross tons. Accordingly, every vessel over 400 tons must be ve...

May 9, 2013: Jotun is proud to announce the launch of Jotachar JF750, the next-generation passive fire protection (PFP) coating system that significantly reduces installation time and cuts material costs. Following an extensive development and testing programme, the launch of Jotun’s new mesh free PFP helps owners, fabricators and applicators save time, lower costs and reduce risks compared to systems that require mesh reinforcement. According to Andy Czainski, Jotun’s Global PFP Sales Dir...

Danish shipowner Maersk Line is said to have rearranged a bill by minus $100m for construction of 20 18,000 teu ultra large containerships ordered at Daewoo Shipbuilding & Marine Engineering of Korea. According to market players, the “Triple-E” newbuildings were ordered previously at around $190m apiece, however, the bill has been rearranged at $185m apiece after a negotiation for reduction with Daewoo. An official from Maersk’s parent group, A.P. Moller-Maersk said the price cut tha...