Article List

• South Korean to create US$1.2 bln fund for shipping industry

  The South Korean government said Wednesday that it will create a US$1.2 billion ship investment fund to aid the shipping industry which has been struggling due to decreasing global trade. Also, the Korean government will require local shipbuilding companies to go through harsh restructuring and downsizing through mergers and acquisitions (M&As) to overcome the current difficulties.

  Marine News January 01, 2016
• Delivery Of Submarine

  It is reported that recently, Egypt received a submarine made by German, the other two submarines are still wait for delivery. The first vessel of four vessels has launched in German Thyssen Krupp company. According to reports, the Type of total length of 211 feet (64.3 meters), the Type 209 diesel submarine coupled with speed of 22.5 knots, speed for 4 section when coupled with fly at 400 nm.

  Marine News January 04, 2016