Vinashin Must Clear Debts

Monday, June 13, 2011

According to a report from Thanh Nien News, Vietnam Shipbuilding Industry Group is facing difficulties clearing its debts but eventually it will have to pay them all, Minister and Chairman of Government Office Nguyen Xuan Phuc said.

Source: Thanh Nien News

Ballast Water Treatment – The Evolution of the Technology Market

Maersk Container Ship Thwarts Pirate Attack in Gulf of Oman

Charleston Receives First Heavy Lifts for Nuclear Plant

Eight Littoral Combat Ships Could be Gulf-based

Five Minutes with Bill Clifford, President, BAE Systems Ship Repair

Shipbuilding

UASC Names 13,500 TEU Containership

United Arab Shipping Company increases its fleet with more 13,500 TEU vessels; The United Arab Shipping Company (UASC) names 13,500 TEU containership in Hamburg on 25 May.

First class Captain from Alnmaritec

Alnmaritec, the specialist aluminium boat builder based in Northumberland, recently announced the delivery of the first of its new ‘Wave Captain’ class of Wind Farm Support Vessels.

Kvichak Names Kirby as Proposal Manager

Kvichak Marine Industries in Seattle Washington announces the appointment of Kevin Kirby as their new proposal manager. Kevin has been with Kvichak for

Finance

ICS: ACP Canal Fee Increase 'Unacceptable'

Plans to increase toll charges for the Panama Canal are ‘rushed, excessive and likely to cause further problems for shipping companies’ given the fragile state of economic recovery,

The Arctic: Economic Promise or Environmental Peril?

The fervor to move shipping routes and energy business north of the Arctic Circle is palpable, as countries with physical connection and even ‘non-Arctic’

Ulstein Announces Good Results

Ulstein Group delivers solid results for 2011. The group had an operating income of $350m and an operating profit of $42.3m. At the end of 2011, Ulstein Group had an order reserve of $383.2m.

News

Disabled Bulker Arrives Safely in Cairns

Bulk carrier 'ID Integrity' operated by Wallem Shipmanagement has arrived under tow in the Australian port of Cairns for engine repairs The ID Integrity lost propulsion power last Friday,

China Against Outside Involvement in Territorial Water Dispute

China opposes Philippines' attempt to draw a third party into the dispute over Huangyen Island China opposes Philippines' decision to draw a third party into the

U.K., Norway, Oppose Harmonised EU Offshore Safety Legislation

British Energy Minister Charles Hendry is backing Norway's Ola Borten Moe in his fight against harmonised EU offshore safety legislation Norway’s oil industry has objected to the EU initiative.