In January 2003, Huarun Dadong Dockyard (HRDD) was awarded eight vessel repair contracts awarded in succession — doubling the amount of jobs the yard was awarded just one year previous. Measuring 614 x 93 ft. (187.3 x 28.4 m) M /V Sheila Macdevitt of U.
The Australian Reefer, first of four 630,000-cubic-foot refrigerated cargo ships under construction for J. Lauritzen A/S of Copenhagen, was launched recently at the Ulsan Shipyard of Hyundai Heavy Industries Company, Ltd. in South Korea. These
Promet Private Limited, Singapore, recently launched another of its offshore supply vessels. Sponsor of the NMS 209 (shown above) was Mrs. Hugh Jackson, wife of the president of Jackson Marine Corporation, owner of the vessel. This $3.5-million
The largest tugboat ever built in the United States to run on heavy fuel oil was completed and christened recently at McDermott Shipyards' Morgan City Division in Bayou Boeff, La. The 140-foot, twin-screw Valiant (shown above) was built for Houston-based Bulkfleet Marine Corporation.
For the investor looking at rates of return from the secondhand ship market, the 1990s should see major changes in the fortunes of players working the different fleet sectors. Taking the return generated on both trading profits (defined as time charter
The American Bureau of Shipping, the nation's ship classification society, recently signed an agreement with World City Corporation under which, among other tasks, it will assist and advise World City in the process of bringing existing and developing U.
South Korean bulk transport company Pan Ocean Shipping Co. Ltd. has begun a life extension program of its Cape-size bulk carrier and OBO fleet in response to a growing concern over the number of losses of this type vessel in recent years. One of the company's vessels,
Shipowners are known for having distinct differences of opinion, but the one thing that all agree on is the importance of having access to capital. In an industry in which assets are generally bigticket items and operating margins can be thin,
Magnus E. Olsen, president, Overseas, Enterprises, has announced the appointment of Edward H. Barron as director of chartering. His responsibilities will encompass all chartering, marketing, and operational functions of O.N.E. Shipping Ltd., which
Algoma Central Railway of Sault Ste. Marie, the third largest Canadian Great Lakes operator, recently christened the 13th vessel in its fleet in honor of the town of Collingwood with the launching there of the M/V Algowood. Mrs. Douglas A. Berlis,