Amid a slow recovery seen in global shipbuilding market for the first three months in 2013, Chinese shipbuilding industry also showed an increased order intakes comparing with the same time period last year, however, the deliveries were seen to keep decreasing. According to a statistical data from the China Association of National Shipbuilding Industry (CANSI), China delivered a total of 9.45m dwt vessels in the first quarter of this year, representing a 15.6% decrease against the same perio...

During the first three months, a total of 286 newbuildings were ordered in global shipbuilding industry, which showed an increase by 20% comparing with the previous quarter (the fourth quarter of 2012), however total amount of orders were estimated to be $12.8bn, representing a 31% drop year-on-year. According to Clarkson, orders contracted in March totaled 94 vessels worth $4.4bn and among them, 51% was ordered for non commercial ships. Followings are offshore vessel, accounting for 16% and...

SMSLLC to help leading tug and barge operator to prepare for new Towing Safety Management Regulation. Safety Management Systems LLC announced on April 18, 2013 that it has won a contract from American River Transportation Company (ARTCO) to assist the company to establish a Towing Safety Management System (TSMS) in accordance with pending U.S. Coast Guard (USCG) Subchapter M regulations. ARTCO, a wholly owned subsidiary of Archer Daniels Midland Company (ADM), is one of the largest U.S. inlan...

April 18, 2013 - Rolls-Royce has won a contract to supply its Promas propulsion system for two new car and truck carrying ships which are being built in Korea for Neptune Lines. Promas is an integrated propeller and rudder system that increases efficiency and manoeuvrability. The vessels, to be built by Hyundai Mipo Dockyard Co (HMD), will also feature steering gear and deck machinery from Rolls-Royce. The two ships were originally specified with a competing propulsion system from another ...