General News

Zim has secured the acceptance of more than 95% of its creditors to the restructuring plan that it has put forth. An agreement appears to have beenreached with representatives of the Zim?s…

Maersk Line is to opt for extra slow steaming on the Asia-Europe route, starting from the end of November. The Danish carrier will adjust sailing speeds on westbound crossings from Asia to…

India's biggest shipbuilder under state control, Cochin Shipyard Ltd, is talking to potential partners in the defence sector to jointly build a new dry dock at the yard to boost capacity.The Kerala-based…

Brazilian billionaire Eike Batista is said to be planning to build a new shipyard in Rio de Janeiro. Batista, who is the owner of Offshore Services X, recently announced plans to build…

Germany?s ThyssenKrupp is reportedly in talks with the Greek Government about the future of the Hellenic Shipyards. "The shipyard is in a difficult situation since the cancellation of a submarine contract," Reuters…

The Indian shipping ministry has asked two state-owned shipyards to carry out feasibility studies and help build two new shipyards, one on the east and one on the west coast.Shipping secretary A.P.V.N.…

The Palmali Group, owned by the Mansimov family in Azerbaijan, ordered 10 tankers to be built by Turkey?s Bežiktaž Group, for a total price of $200 million. The tankers will be delivered…

DNV has recently signed a dual class general agreement with China Classification Society, a further step forward on cooperation with the local class society. DNV and China Classification Society (CCS) have entered…

Tebma Shipyard in India has recently been hit by two cancellations. Norwegian owner DOF Subsea cancelled orders for three multipurpose supply vessels while Trico Marine Services, USA, has indefinitely suspended the delivery…

Sea Transport Solutions, the Australia ship designer, has been commissioned to design a new 64-metre Ro-Pax catamaran for Venezuela. The new vessel will have a large cargo capacity but reduced passenger area…

Mitsui O.S.K. Lines, Ltd. (MOL) announced that the company became the first overseas shipowner to sign a long-term iron ore transport contract with Jiangsu Shagang Group Co., Ltd. of China. The10-year voyage…

Drydocks World - Dubai, the ship repair, conversion and new building yard of Drydocks World, has won the Ship Repair/ Shipyard Award for the third time in a row at the 7th…

In a move that defies logic given the current overcapacity in the shipbuilding industry, China State Shipbuilding Corporation (CSSC), the state-owned shipbuilder, is planning a major new shipbuilding facility. CSSC plans to…

Japanese export ship orders continue to decline and, for the 12th consecutive month in September on a year-on-year basis, tumbled 75.5 % to 543,500 gt, according to figures released by the Japan…

India?s largest dockyard Pipavav Shipyard has signed a contract with the Oil and Natural Gas Commission (ONGC) for construction and supply of 12 offshore supply vessels (OSVs) at a total value of…

Taiwanese shipping giant, Evergreen Marine, plans to order 100 container ships in 2010 to expand its fleet to nearly 300, the company's founder Chang Yung-fa said.The ambitious ordering plan comes as the…

Brazilian state-run energy giant Petrobras is considering renting the former Ishibras shipyard in Rio de Janeiro state according to local sources.Petrobras would lease the shipyard at a cost of 4 million Brazilian…

Up to half of all newbuilding orders placed at Chinese yards could end up being delayed as owners try to ride out the recession, according to the government. National Development and Reform…

Clean energy is high on the international agenda and noteworthy resources are put in respective research and development. Germany, through the Federal Ministries for Transportation, Economics, Research, and Environment, has established the…

Ocean Hotels in Norway has signed a $100 million loan agreement with Export Development Canada which will allow Ocean Hotels to draw up to the total amount in construction financing prior to…