General News

The consequences of the global financial and economic crises have now reached ThyssenKrupp Marine Systems. The yard has been informed by the client that the banks are not going to finance the…

A three-year research project initiated by DNV has led to the development of an ice load monitoring system that provides bridge personnel with real-time information about the actual ice loads on the…

Chinese shipowner Sinotrans Shipping Ltd said it would invest a total of $388 million in new ships over the next three years in anticipation of a better outlook for 2009. "Given the…

A steel cutting ceremony of the first F22P Frigate being built for the Pakistan Navy was held recently at the Karachi Shipyard and Engineering Works (KSEW). The construction of the first Chinese…

Wärtsilä has signed a design and propulsion system order with Taiwan's Jong Shyn Shipbuilding for a product chemical tanker. The 6,500 dwt vessel, due for delivery in 2011, is for CPC Corporation…

Nordic Ferry Services in Denmark has placed an order with Austal Ships in Western Australia to deliver a ropax catamaran to operate on the route between R?nne, on the Danish island of…

Lindo shipyard in Denmark, which recently deleted two bulk carriers of the already small order book, entered 2009 with a deficit of DKK 562.3 million. While this was an improvement compared to…

Ezra Holdings Ltd in Singapore has announced that is has been informed by the Norwegian shipyard Karmsund Maritime Service (KMS), located on Karm?y, near Haugesund, that it will not be able to…

Russia's United Shipbuilding Corporation is to build more than 1,000 commercial vessels in the next 20 years, Vladimir Putin, the Russian prime minister, said when he recently chaired a meeting in St.…

Wärtsilä in Finland has received a ship design order from the Norwegian shipping company Sartor Shipping AS. The order is for two Vik-Sandvik 465 FSVs (Field Support Vessel) which will be built…

Seafin Pte, the Singapore-based ship-financer, expects more than a third of shipping companies to collapse this year as the recession hammers global trade and vessel prices. "Everyday there is an auction for…

With the Indian government now ready to disburse Rs 5,000 crore towards outstanding subsidy for the fledging Indian shipbuilding industry, the future is beginning to look brighter. The industry, going through a…

The Japanese shipbuilders JFE Holdings Inc. and IHI Corp. have decided to postpone a merger of shipbuilding operations until after autumn, according to local sources. The merger, which was to take place…

Samsung Heavy Industries (SHI) plans to expand its ship-block construction base in Rongsheng City, Shandong Province, China, by finalizing the "Phase 3" ship-block factory construction. SHI has already finished "Phase 1 and…

Mitsui O.S.K. Lines Ltd. (MOL), the world?s largest operator of iron-ore carriers, has halted orders for new ships as demand for steel drops. The company is scrapping up to seven iron-ore carriers…

The newly commissioned small ship division (SSD) of India's government-owned Cochin Shipyard Ltd. (CSL) expects to generate annual revenues of Rs5bn ($99m). The revenue will allow the yard to take on the…

Deep Sea Supply (DSS) has cancelled the contract with Jaya Shipbuilding and Engineering Pte. Ltd. ("Jaya") pursuant to which DSS was to take delivery of Hull No 875 to be named "Sea…

A Global Industry Alliance (GIA) has been launched to tackle the threats of marine bio-invasions caused by the transfer of alien plants and animals in ship ballast tanks. The Alliance, made up…

Justice and home affairs ministers last week rubberstamped six legislative proposals of the EU's third maritime safety package, which aims to reduce maritime accidents and pollution in Europe. The package, tabled by…

Orders of only nine ships were made in January worldwide, a meagre 6% of last year's 151 ships, according to the London-based shipbuilding industry research company Clarkson. Four went to Korea and…

The Canadian government's on-again, off-again plan to build new midshore patrol vessels for the coast guard appears to be on again. The federal government quietly scuttled a plan last summer to build…

China said its 8% growth target for this year is within reach even as the worst financial crisis since the Great Depression hammers economies worldwide. Liu Tienan, vice chairman of the National…

Swiss-based Allseas Group has awarded the complete detailed design of their Pieter Schelte project to the Finnish consulting and engineering company Deltamarin Ltd. The total volume of the contract is about 200…