Author: Importer

Ezra Holdings Ltd in Singapore has announced that is has been informed by the Norwegian shipyard Karmsund Maritime Service (KMS), located on Karm?y, near Haugesund, that it will not be able to…

Russia's United Shipbuilding Corporation is to build more than 1,000 commercial vessels in the next 20 years, Vladimir Putin, the Russian prime minister, said when he recently chaired a meeting in St.…

Wärtsilä in Finland has received a ship design order from the Norwegian shipping company Sartor Shipping AS. The order is for two Vik-Sandvik 465 FSVs (Field Support Vessel) which will be built…

With the Indian government now ready to disburse Rs 5,000 crore towards outstanding subsidy for the fledging Indian shipbuilding industry, the future is beginning to look brighter. The industry, going through a…

Seafin Pte, the Singapore-based ship-financer, expects more than a third of shipping companies to collapse this year as the recession hammers global trade and vessel prices. "Everyday there is an auction for…

The Japanese shipbuilders JFE Holdings Inc. and IHI Corp. have decided to postpone a merger of shipbuilding operations until after autumn, according to local sources. The merger, which was to take place…

Samsung Heavy Industries (SHI) plans to expand its ship-block construction base in Rongsheng City, Shandong Province, China, by finalizing the "Phase 3" ship-block factory construction. SHI has already finished "Phase 1 and…

Mitsui O.S.K. Lines Ltd. (MOL), the world?s largest operator of iron-ore carriers, has halted orders for new ships as demand for steel drops. The company is scrapping up to seven iron-ore carriers…

The newly commissioned small ship division (SSD) of India's government-owned Cochin Shipyard Ltd. (CSL) expects to generate annual revenues of Rs5bn ($99m). The revenue will allow the yard to take on the…

Deep Sea Supply (DSS) has cancelled the contract with Jaya Shipbuilding and Engineering Pte. Ltd. ("Jaya") pursuant to which DSS was to take delivery of Hull No 875 to be named "Sea…