General News

Industry reports suggest that Norilsk Nickel OJSC in Russia intends to sign a contract on building a 20,000 dwt high ice-class oil tanker by the end of this year. Nikolai Matyushenko, Deputy…

Russia's United Shipbuilding Corporation and Chinese shipbuilder Yantai Raffles have signed a joint venture agreement to build a large shipyard in Vladivostok, on Russia's Pacific coast, at a cost of $200m. Yantai…

A Middle East oil tanker operator has ordered the first container ship order anywhere in the world since October 2008. The state-owned Abu Dhabi National Tanker Company has placed an order for…

Leading Korean shipbuilders are diversifying into the wind power industry in the face of a sharp drop in new shipbuilding orders and the growing challenge from Chinese rivals. While Hyundai Heavy is…

Kongsberg Maritime announced that its Polaris Dynamic Positioning simulator is the first to achieve DNV approval to the stringent Class A standard. The company has also achieved DNV approval to Class A…

The Finnish engine manufacturer, Wärtsilä, has strengthened its presence within the Brazilian maritime industry by incorporating Wärtsilä Ship Design into Wärtsilä's Brazilian operations. A full range of local engineering services will now…

Washington State Ferries (WSF) has signed a contract with Todd Shipyards to build two 64-car ferries at a total cost of $114 million. The decision comes after the Seattle shipbuilder submitted the…

Shipbuilder Abu Dhabi MAR Group plans to form a joint venture with Germany's ThyssenKrupp AG to design and build naval frigates and offshore patrol vessels.MAR Group said the two companies signed a…

Wärtsilä Corporation and Zhuhai Yuchai Marine Power Co Ltd, a subsidiary of Guangxi Yuchai Machinery Group Co Ltd, have jointly signed a licence agreement for the manufacture and sale of Wärtsilä RT-flex…

According to Germanischer Lloyd, maintenance costs represent nearly 20% of all shipping operational costs. Independent sources say that expenditure on repairs and maintenance has increased lately across all vessel categories. In respect…

An EU-funded program of research, led by BMT Group, is evaluating the effectiveness of ship evacuation models. Named Safeguard, the project is addressing requirements recently highlighted by the IMO Fire Protection Sub-Committee,…

The new version of MAN Diesel's 28/33D engine boasts an improved design and is available in 12-, 16- and 20-cylinder versions, with respective power outputs of 5,460, 7,280 and 9,100 kW. With…

Headquartered in Germany, DVB Bank AG predicts that the next several years will be tough for shipbuilders across the world and only the fittest would survive. Geir Sjurseth, the managing director and…

Brazil's state-owned oil company Petrobras recently met with South Korean shipbuilding-related delegate, comprising Kim Tae-ho, the governor of South Gyungsang province and officials from four shipbuilders in the province, in Rio de…

The two Russian-owned shipping companies Aqueda Shipping Limited and Mariora Shipping Limited have not achieved funding for the construction of two advanced trawlers within the time that was agreed in the contract…

Taiwan's largest shipbuilder CSBC Corp said it would take a harder stance toward shipowners seeking to delay deliveries. CSBC was hard hit by newbuilding delivery delays in the first seven months this…

South Korea's SLS Shipbuilding could suffer a further blow to its orderbook if Stolt-Nielsen decides to cancel its remaining two 44,000-dwt chemical tankers on order due to continued delays in construction of…