General News

United Industrial Corporation (OPK) in Russia and Samsung Heavy Industries Co., Ltd. (SHI) in Korea have signed a memorandum for mutual business cooperation during a recent visit to the St. Petersburg shipyards…

GENOA-based classification society RINA has introduced new voluntary standards which will allow ships to connect to shore-based electricity while in port, reducing harbour air pollution. And at the same session of its…

The IMO's Maritime Safety Committee (MSC) agreed on revised guidance on combating piracy and armed robbery against ships when it met at the organisation?s headquarters in London for its 86th season from…

The Japanese companies of NYK and Kawasaki have signed an agreement to jointly lease deep-sea drillships in Brazil. The two companies, along with Mitsui, have placed a major order with a South…

The European Commission struck a deal with Croatia on the restructuring of its ailing shipyards, a reform sought by the EU as part of membership talks with Zagreb, a spokesman said. "There…

Transport and shipping bank DVB has said that the short term future of the cruise ship sector would lie in the upgrade of existing vessels and the renegotiation of newbuild orders. Given…

Japan's Hokodate Shipyard, part of the Namura Shipbuilding group of companies, has been hit by the cancellation of an order for five handysize bulk carriers but the shipbuilder is confident it will…

Hyundai Heavy Industries is delaying the completion of its Gunsan Shipyard in an effort to preserve cash. Hyundai officials confirmed that the yard will now be finished by February 2010 as opposed…

China's government announced a two year plan to support and stimulate the nation's shipbuilders by encouraging mergers and acquisitions in the industry and making funding available for cash-strapped producers. Measures will be…

Fulcrum Maritime Systems is now offering Long-Range Identification and Tracking (LRIT) services through the Iridium satellite network.Fulcrum operates the LRIT national data centers and acts as the recognized LRIT Application Service Provider…

Samsung Heavy Industries said on 16 June in a regulatory filing that it "is participating in the bidding process for Royal Dutch Shell's LNG-FPSO construction project but the result is yet to…

The Havyard Group, Norway, has signed a contract with Smart Shipinvest to build a Havyard 848 SMART AHTS with an option for one additional vessel. The first vessel will be delivered in…

German shipbuilding group Hegemann has applied for state guarantees of Euro 9m ($12.6m) to secure the financing of an order. A spokesman for the finance ministry of Mecklenburg-Western Pomerania said that the…

Croatian shipyard Brodosplit has won another newbuilding order from French ferry operator CMN for a fruit-juice carrier. Last year, the yard secured a contract for a ro-pax from the same owner. No…

Tsuji Heavy Industries, now under corporate rehabilitation procedures, will transfer its marine equipment business to a company newly established by Oshima Shipbuilding, effective on 1 July. Oshima has set up a 100%-invested…

Wärtsilä has introduced a new, comprehensive package of services, designed to cost efficiently manage hot and cold vessel lay-ups. Reduced transportation demand, over-capacity, and low freight and charter rates have become a…

South Korean shipbuilder Daewoo International said that it would participate in the bid to build two diesel-powered submarines for the Indonesian Navy. Daewoo said it would submit specifications to supply two 1,400-tonne…

The US Navy's first Littoral Combat Ship (LCS), USS Freedom (LCS 1), successfully conducted its second and final round of acceptance trials last month. The 378-foot Freedom, designed and built by a…

Germany?s largest shipbuilding group, ThyssenKrupp Marine Systems, part of steel giant ThyssenKrupp, is axing 450 jobs at its facilities in Kiel and Emden. A TKMS spokesperson confirmed that the group wants to…

South Korea's first icebreaking research vessel ?Araon' has recently been launched at Hanjin Heavy Industries & Construction shipyard in Busan City. The research vessel is expected to be used for the exploration…

Germany's Schiffahrtskontor Altes Land is to enter the deepwater oil and gas construction market after signing a deal with Norway's Bergen Group for a new ship. SAL intends to order an advanced…