General News

Following the signing of a long-term time charter for two gas carriers with Yara, Kawasaki Kisen Kaisha ("K"Line) has ordered two 38,000 cubic metre, fully refrigerated ammonia/LPG carriers from Daewoo Shipbuilding &…

Labroy Shipbuilding and Engineering in Batam Island, Indonesia, a subsidiary of the Singapore-based Labroy Marine, has won a new shipbuilding contract worth $23.1 million from Norway's Belden Shipping Group. It is a…

Samsung Heavy Industries has developed a 12,000TEU container ship design which it is now actively marketing. As the largest container carrier to date, the vessel will have a length of 383m and…

Hamworthy has won orders and a letter of intent totalling £48 million ($92 million) to supply eight LNG reliquefaction systems to the first LNG carriers to use slow-speed diesel propulsion engines. The…

COSCO Hong Kong Group has placed an order for two 300,000 DWT bulk carriers with the Japanese shipbuilders Universal Shipbuilding and Sumitomo. The two newbuildings will be used to ship ore products…

Daewoo Shipbuilding and Marine Engineering (DSME), South Korea's most profitable shipbuilder, is planning to expand its global network through acquisitions. "We are considering boosting our overseas presence by acquiring small and medium…

Nippon Yusen Kaisha (NYK) is to build and operate two LNG carriers for use by Osaka Gas Company to import LNG, and has concluded a shipbuilding contract with Kawasaki Shipbuilding Corporation. The…

Aker Brevik, a part of Aker Yards ASA, has signed a contract to build six 18,000 m3 product-tankers with six Cyprus-based single purpose companies. The 15,000 DWT vessels are to be built…

Hong Kong oil trader, Titan Petrochemicals Group, has signed a one-year contract with China's Zhuhai Zhenrong that will give it access to 3 million metric tonnes of Iranian fuel oil, valued at…

The Japanese NMRI (National Maritime Research Institute) and fire protecting door and noise-proof package manufacturer Taiko Sangyo have developed a new silencer system that dampens low frequency noise from diesel engines. This…