Maritime Propulsion Power the maritime industry

Shipbuilding

SCI: Putting Expansion on Hold

As the world economy sputters, so too do the expansion plans for India's state-owned Shipping Corporation of India (SCI), which according to a report on the www.business-standard.com will hold up on its plan to issue new…

Tankers

Tanker Market in the Doldrums

The global tanker market is depressed, it appears that there is little hope that it will recover for at least two years, according to a panel of expert speaking yesterday at a MarineMoney event in New York City. “What a…

Tankers

Egyptian Crisis: Could it Spill into the Suez Canal?

As analysts continue to try and gauge the full economic impact of the fast-evolving political and social crisis in Egypt, the concern of the shipping industry are centered on the Egypt controlled Suez Canal, a transport…

Tankers

Nordic Tankers, WOMAR establish “Nordic Womar” JV

Nordic Tankers A/S and WOMAR Logistics Pte. Ltd. have reached an agreement to establish a jointly owned independent pool management company with the name of “Nordic Womar”. Nordic Womar will initially manage two pools of…

Tankers

NSCSA to Buy Ships

The National Shipping Company of Saudi Arabia (NSCSA) announced that the Board of Directors of The National Chemical Carriers (NCCNCC) (one of its affiliates) agreed in their meeting held on December 21, 2010 to sign a…