General News

Malta's government plan to recoup a reported ?49 million paid in early retirement schemes appears to have foundered, as bids for the Malta Shipyards have fallen short of this figure.Sources privy to…

Under a contract announced by the UAE Armed Forces, Abu Dhabi Ship Building (ADSB) is to construct twelve new boats for the UAE Navy and retrofit twelve existing boats. The contract calls…

Shipyards in Japan reported 69% fewer orders in January and forecast a third year of declines in 2009 as the global recession slashes demand for new vessels. According to the Japan Ship…

State-run Shipping Corp. of India Ltd (SCI) has scrapped a tender to buy four dry bulk cargo carriers as demand for ships declines in the face of a slowdown in global trade.…

The shipping and finance ministries are set to resolve a 17 month-old dispute over subsidising shipbuilders on confirmed orders that were considered ineligible for a five-year scheme which ended on 14 August…

The Alaska Marine Highway System (AMHS) recently announced a ferry acquisition project which calls for the design and construction of the next generation Alaska-class of ferries to begin replacing ageing ships currently…

According to Binali Yildirim, Transport Minister of Turkey, Turkey is expected to finalize a rescue package for the country?s shipbuilding sector by the end of February. As per report the ministry is…

The China Daily has reported that China?s shipbuilding industry, which last year suffered its steepest annual decline since 2003, is likely to be squeezed further this year by shrinking order books and…

Samsung Heavy Industries has signed a memorandum of understanding with United Shipbuilding Corporation (USC), a Russian state shipbuilding holding,USC is seeking to modernize Russian shipyards and unite them in three regional groups…

Greatship Global Offshore Services, a Singapore-based subsidiary of The Great Eastern Shipping Company, has taken delivery of the 'Greatship Abha', an 80ton bollard pull anchor handling tug cum supply vessel, from the…

Korean shipbuilders rank Nos. 1 to 3 in sales but they are also being buffeted by the global economic storm. The plight of Korean shipbuilders has hit Korea hard, an exports-driven country…

A purpose-built barge being commissioned by the end of February at MacGREGOR?s offshore equipment manufacturing site in Kristiansand, Norway will enhance the Offshore division?s production and testing capacity MacGREGOR?s Offshore division is…

Unconfirmed reports indicate that Taiwan?s Evergreen Marine has plans to spend $5.5 billion to build 100 container ships before the anticipated recovery of the global economy in 2012. The fleet augmentation will…

Austal has secured its first European defence contract with an order for four 21.2 metre inshore patrol craft - including training and spares support - with the Armed Forces of Malta (AFM).The…

Loss-making Croatian shipyard 3.Maj has signed a contract for two 51,800 dwt product tankers for $106 million. The state-owned builder will deliver the ships to owner Uljanik Plovidba, also of Croatia, in…

Croatia?s Atlantska Plovidba, the bulk and heavy lift shipping company, has altered several contracts to lower company expenditure during the economic downturn. The Zagreb-listed owner has cancelled two of four Panamax orders…

The Eletson Corporation enters a new market sector with the delivery of their first ever liquefied petroleum gas (LPG) carrier. Built at Hyundai Mipo Dockyards (HMD) in Korea, the ship marks a…

South Korean trading company Hyundai Corp. said its shipbuilding unit in China won a $120 million order to build 10 vessels for a Russian company. The dry cargo vessels, which will be…

Japanese shipbuilder Tsuneishi Heavy Industries (Cebu), Inc. will be spending P11 billion to expand its local facilities at its West Cebu Industrial Park in Balamban, Cebu. The expansion, which requires an additional…

The Maltese government's Privatisation Unit has received bids for all the 4 units of Malta Shipyards. The call for bids closed on Thursday and, in all, 23 companies had shown interest and…

China's State Council has approved a stimulus package for the country's shipbuilding industry in a bid to help the emerging sector weather the global economic downturn. The government will encourage financial institutions…

According to the BarentsObserver, the Russian government believes its powerful shipbuilding industry should concentrate on the construction of civil vessels and the establishment several new federal shipyards. Icebreakers and specialized vessels, offshore…