Author: Importer

Austal has received its second large vehicle ferry order within a week after being selected by leading Maltese operator Virtu Ferries to design and build a 107m vehicle-passenger catamaran.The order follows last…

Pt Bank Negara Indonesia has agreed to provide additional loan of $25.6 million for state shipbuilding company Pt PAL Indonesia to fund the building of four tankers on orders from Turkey and…

Marine Design and Research Institute of China is planning to build a Q-Flex LNG tanker with a capacity of about 215,000m3 said Zhu Jianzhang, a marketing official with the state research unit.…

Hyundai-Vinashin Shipyard in Vietnam, a joint venture between Hyundai Mipo Dockyard of South Korea and Vietnam's state-owned shipbuilding group Vinashin, has launched its first bulk carrier. The joint stock company floated a…

The IMO has bowed to pressure to adopt climate-friendly ways in its recycling sub-sector. From next month, it is set to come up with new regulations for ship recyclers. Activists have piled…

China State Shipbuilding Co Ltd (CSSC), one of the largest shipbuilders in the country, said that its net profit in 2008 increased by 48.6% year-on-year to 4.16 billion yuan. The company's revenue…

Shipping Corporation of India (SCI) said it will place orders for 10 ships in this financial year. Last year, the company had postponed the purchase of eight new vessels owing to global…

Officials of Taiwan's leading shipbuilder, the state-run CSBC Corp., said recently that, despite a last-minute decision by the Israeli shipping company ZIM to cancel an order for six container ships worth $220.4…

Austal will build its largest catamaran to date following an order from Denmark?s Nordic Ferry Services for the design and construction of a 113m high speed vehicle-passenger ferry. This order, which was…

Shipbuilding slump such as new order drought and existing order cancellations could last as much as 10 years, according to a South Korean analyst. Especially, small and midsize shipbuilders could face closure…

Fincantieri Marine Group, which operates Marinette Marine Corp. and Bay Shipbuilding Co. in the USA, is closely watching federal legislation introduced last week seeking construction of a new Great Lakes icebreaker. "We…

Chittagong Port Authority (CPA) has said it would allow shipbuilding yards in the upstream of the Karnaphuli river. But shipbuilders say CPA's policy would 'stunt' the growth of the emerging industry. CPA…

After almost six months during which almost no new building orders have been placed, shipyards around the world and especially in the two biggest shipbuilding nations of South Korea and China are…

Fincantieri is holding last-ditch talks with Italy's three main metalworking unions in the hope of agreeing a deal on a new labour contract. Talks have been going on for months, with the…

The merger of Noble Denton and Germanischer Lloyd forms a fully integrated technical assurance and consulting company to serve the worldwide energy industries. The new entity will provide assurance, inspection, and consulting…

Daewoo Shipbuilding & Marine Engineering (DSME) of South Korea recently held a naming ceremony for the world's largest 14,000 TEU containership. The ship, named ?MSC DANIT', has a length of 365.5m, width…

A Philippine ship builder is investing P250 million for a new facility in Maasim to take advantage of growing transportation demand in the region. Gensan Shipyard and Marine Works, Inc., a subsidiary…

The Danish shipping company Clipper Group, which had a construction program of 60 new ships, says it will not have to take a large proportion of the ships which would have been…

Following the earlier announcements that Arrow Seismic Invest II Ltd, a subsidiary of Petroleum Geo-Services ASA (PGS), had terminated the shipbuilding contract with the Spanish shipbuilder Factorias Vulcano, the Norwegian offshore company…

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