Author: Importer

China's Guangzhou Shipyard International Co said it will call off a proposed $445 million acquisition of a shipyard from its state-owned parent as its shares have slumped in the global financial crisis.…

Gulf Energy Maritime (GEM), the Middle East's largest independent commercial product tanker operator, has taken delivery of the first ever Panamax built by Korean shipbuilder Hyundai Mipo Dockyard (HMD. The 75,000 DWT…

Riga Shipyard in Latvia has launched its third vessel this year. The fishing trawler "Helena Matte" was commissioned by a Danish company, which will fit out the vessel with electric, communications and…

Keppel Offshore & Marine Ltd (Keppel O&M), through Keppel Shipyard Limited (Keppel Shipyard) and Keppel FELS Brasil SA (Keppel FELS Brasil), has secured three contracts worth a total of about S$300 million.…

Nakilat and Netherlands-based Damen Group have signed a memorandum of understanding for establishing a Qatari majority joint venture, which will build a shipyard for construction of luxury yachts and ships for commercial…

South Korean builders have resumed their marketing activities for newbuildings, but Japanese yards are not dropping their wait-and-see stance. Shipyards in South Korea have been targeting order receipts in order to fill…

Belgium's Jan De Nul NV has reportedly cancelled three dredging vessels on order at South Korea's Asia Heavy Industries. The ships were scheduled to be delivered to the owner from August to…

Emerging South Korean shipyard C& Heavy Industries, which was seemingly pushed to the wall by its creditors, may yet have another lease of life. The shipyard had on Monday signed a memorandum…

GAC, the Kuwait-based provider of shipping, logistics, marine and related services, has launched GAC Ship Lay-up Solutions (GLUS), a new service package tailor-made to help owners/operators avoid non-profitable journeys, and reduce wear…

South Korean shipyards are asking state-run lenders to increase loans and extend financing for orders as a deeper-than-expected economic slump dries up their cash holdings, industry sources said. According to the sources,…

China National Offshore Oil Corporation (CNOOC) has announced its plan to invest in the deepwater equipment manufacturing. In the next five to eight years, CNOOC's growth in the deepwater sector is expected…

ThyssenKrupp AG is to put Hellenic Shipyards up for sale on 1 April as part of a shake-up announced last week when it was announced that a new group structure was being…

Plagued by operational inefficiencies, inadequate cost control and flawed hierarchicalstructures, modern ship management has struggled to meet the evolving needs ofthe shipping industry. But thanks to the recent launch of Ulstein Marine…

Fledgling South Korean yard SNC Shipbuilding is reported to have succumbed to financial difficulties, closing its doors prior to launching even a single completed vessel. The yard, which was expected to cost…

Lloyd?s Register Asia today opened its first dedicated marine surveyor training centre in Shanghai, assuring that the Group?s global marine team will continue to deliver the high technical standards demanded by the…

Shipping's green credentials will come under scrutiny at the Green Ship Technology conference in Hamburg this week when the merits of the technical solutions and proposed trading mechanisms for emissions are debated.…

Shipbuilding protectionism at compatriot shipyards is abruptly spreading around the world particularly in developing countries such as Brazil, Russia, India, China, Vietnam and Qatar. Brazil has limited the bidders to domestic shipyards…

Singapore-based Hallin Marine Subsea International has backed out of a contract after the shipyard was unable to secure refund guarantees. Shipbuilder Marco Polo Marine in Batam confirmed that the $51 million contract…

Petroleum Geo-Services ASA and its subsidiary Arrow Seismic Invest II Ltd. have exercised their right to cancel a high-capacity seismic newbuilding under construction at the Factorias Vulcano shipyard in Spain. Hull number…

Bahamas Ferries recently took delivery of a 41m by 12m catamaran, the Bo Hengy II, from Aluminium Marine of Queensland. Built to a design by Oceanic Yacht Design, also of Queensland, the…