General News

STX Europe?s Turku Shipyard in Finland will lay off 1,060 workers due to its meagre order books. STX Europe has commenced talks with unions regarding redundancies which will affect workers in the…

Davie Yards? most significant client, Cecon, has informed the Canadian shipbuilder that it has received a notice of cancellation of its $200 million credit facility from DNB NOR Bank. Cecon has told…

A recent study highlights problems linked to converting crops into biofuels. Taking up valuable land and growing edible crops for biofuels poses a dilemma as to whether it is ethical to produce…

A new mega container ship from South Korea's Daewoo shipyard will soon be named the ?MSC Danit?. The new 14,000 TEU vessel will be delivered only weeks after the 14,000 TEU ?MSC…

Goldenport Holdings Inc., the Greek international shipping company that owns and operates a fleet of container and dry bulk vessels has reached an agreement with COSCO (Zhoushan) Shipyard in China to reschedule…

The American Bureau of Shipping (ABS) has adopted new structural requirements for the evaluation of FPSO units. The criteria are contained in a revised version of the ABS Guide for Building and…

The large Danish shipping companies will not consider abandoning their agreements to take delivery of newly built ships ordered when freight rates and ship prices where high. But both Norden and Torm…

Nordic Ferry Services will deploy one of the world?s largest high-speed ferry on its service between Ystad in Sweden and Ronne on the island of Bornholm when the new invitation to tender…

Zim Integrated Shipping Services is holding discussions with South Korean shipyards to delay the delivery of new containerships by a year. The Israeli company is scheduled to receive nine boxships this year.…

A recent analyst report from Drewry Shipping said orders for at least 30 new tankers have been cancelled since last August. However, shipping companies in the Middle East insist they will not…

Car-passenger ferry 'Armorique' has been delivered from STX Europe's Helsinki yard in Finland to the French operator Brittany Ferries. The vessel is worth approximately 110 million euro and has given some 700…

Vale, the Brazilian mining giant, signed a contract with three national shipyards for the construction of 15 new tugs, 32 barges and two pushers. With the order, Vale will be investing $171.1…

Five more heavylift vessels will be added to Amsterdam-based BigLift Shipping. The 17,500 dwt 1A ice-class vessels will each have two 400-tonne cranes and one 120-tonne crane. These "D-4" ships are further…

Clipper Panorama, the second of Seatruck Ferries? eight newbuildings, enters service on the Irish Sea service linking Warrenpoint with Heysham on Sunday, January 25.This new roro freight ferry will join sistership Clipper…

The number of containerships laid up is growing very fast according to French maritime consultant AXS-Alphaliner. It projects that the volume of containerships on standby will jump to the equivalent of 750,000…

It appears there is now no way back for cash strapped C&Heavy Industries, a medium sized Korean shipyard and important part of shipping conglomerate C&Group. The Mokpo-based yard had all credit cancelled…

The 6.3 trillion won deal to sell a controlling stake in Daewoo Shipbuilding & Marine Engineering to Hanwha Group collapsed yesterday on differences over payment terms. Korea Development Bank decided to scrap…

Shipbuilding has been identified as one of ten mainstay industries that the Chinese State Council will pump urgent cash into in order to stave off disaster, local media has reported. China has…

The Quebec-based shipbuilder Davie Yards Inc has been advised by its largest client, Cecon ASA (Cecon), that it has received a notice of cancellation of its $200 million senior secured credit facility…

State-run Shipping Corp of India (SCI) has put orders for new vessels on hold till March although its long-term plan to buy 40 vessels by the end of 2011 is still on…

Malaysia's largest shipping company, MISC Bhd, has halved its orders of chemical tankers to be built by South Korea?s SLS Shipbuilding from eight to four vessels. MISC said the revision was mutually…

Japan received orders for export ships totalling 274,970 cgt in December, down 91.1% from the same month a year ago according to figures released by the Japan Ship Exporters? Association. It is…

Named Petrorig I, the first unit of a series of four Larsen Oil & Gas ultra-deepwater semi-submersible drilling rigs on order with Sembcorp Marine?s subsidiary Jurong Shipyard in Singapore, has completed its…