Author: Importer

Farstad Shipping has decided to cancel the contract between its subsidiary, Farstad Supply, and the Norwegian shipyard Aker Brattvaag. As reported last week, the newbuilding contract was dependent on approval of the…

Since the beginning of this year the price of new ships has jumped raising South Korean shipbuilders' hopes of greater profits in the latter half of the year, industry sources said. The…

Hyundai Heavy Industries in South Korea has signed a contract to build four 10,000TEU container ships for COSCO, China?s shipping company, and are the largest vessels of their type ordered to date.…

Norsk Hydro has cancelled the Letter of Intent with Farstad Shipping since the Norwegian oil and energy company could not guarantee that all bidders had received equal information during the tendering process…

The European Commission has cleared a deal designed to save Spain's shipbuilding industry that will see Spanish yards focus on making military rather than cargo carrying vessels. The EU Competition Commissioner has…

Three container ships were named by E.R. Schiffahrt earlier this week at the three Hyundai shipyards in South Korea. These latest newbuildings are part of the planned expansion programme by E.R. Schiffahrt,…

A new ultra Handymax bulk carrier design has been developed by the Japanese shipbuilder Oshima featuring a Panamax beam and draught but maintaining a Handymax length. The 60,000dwt design has a length…

Viet Nam is an important partner for Poland?s development strategy, said Polish Prime Minister Marek Belka at a business forum held by the Viet Nam Chamber of Commerce and Industry at the…

Appledore Shipbuilders in Devon, UK, is working on its first order since the yard went into receivership at the end of 2003 with the loss of more than 500 jobs. The yard,…

The Dutch shipbuilder Shipyard De Hoop has closed its facilities at Heusden with effect from 19 January. The company states it will continue its shipbuilding activities in The Netherlands on a smaller…