General News

The Mumbai-based Great Eastern Shipping Corporation (GE Shipping) announced that it has cancelled orders for the construction of two Supramax bulk carriers. The 57,000 dwt vessels had been on order with an…

The main creditor of Daewoo Shipbuilding & Marine Engineering (DSME) threatened to scrap a deal to sell the shipyard to Hanwha Group unless the conglomerate sticks to the 30 January deadline to…

Alnmaritec, the specialist aluminium boat builder based in Alnwick, Northumberland, UK, recently announced the successful launch of one of the largest boats it has built in recent years.The ?Aaryan? has been built…

Chipolbrok, the Chinese-Polish Joint Stock Shipping Company, has decided to invest another RMB2.3 billion ($340 million) in six heavy lift ships. The company will also re-instate a total of seven other ships…

Keppel FELS Limited and Scorpion Offshore have agreed to terminate the $405 million rig contract on mutually acceptable terms. Scorpion Offshore is working closely with Keppel FELS in the latter?s exploratory discussions…

The Greek shipping company Danaos recently took delivery of one more containership, the 'Zim Monaco', expanding its operational fleet to a total of 39 containerships aggregating 157,427 TEU. The newbuilding has a…

Ijmuiden-based Offshore Ship Designers (OSD) has strengthened its group identity and adopted a more integrated approach to work sharing. Design teams in Ijmuiden, Montrose, Escrick, Bideford and Shanghai will now all operate…

Indian shipbuilders may maintain profit growth in 2009-10 but order intake will deteriorate further as shipping companies stung by a credit crisis and plunging freight rates put expansion plans on hold and…

Manitowoc Co. Inc. in the USA said recently that it has completed the sale of its shipbuilding business to Fincantieri of Italy for about $120 million in cash. Manitowoc said it intends…

Korean shipbuilders are headed for a turbulent 2009 amid a sharp contraction in the global shipbuilding sector, with small firms expected to take a particularly harsh battering. "2009 will be a year…

Remedial Offshore recently marked the launch of its first Elevating Support Vessel (ESV) when it was skidded onto a quayside barge at the COSCO Nantong Shipyard. The innovative ESV design is optimized…

A stimulus program to revive China's shipbuilding industry is currently under discussion and will be submitted to the State Council, China's Cabinet, for approval at the beginning of 2009, a senior industry…

Over 200 container ships are likely to be laid up next year as charter ship owners and ocean carriers adjust to weakening cargo demand, plunging freight and vessel hire rates, and an…

Ananda Shipyard and Slipways in Bangladesh has received orders worth $ 20 million to build two small vessels and a tug from Middle East countries at the region's biggest shipbuilding fair in…

Libya's General National Maritime Transport Company has placed orders for six oil tankers valued at a total of $400 million. The contracts were signed with Samsung Heavy Industries in Korea for four…

Fuel testing agency Lintec Testing Services has warned that three fuel oil samples taken recently from vessels that have bunkered in Riga, Latvia, have shown the presence of Dicyclopentadiene (DCPD), a synthetic…

Thousands of employees in Croatia's ailing shipyard industry protested yesterday against privatisation plans that are part of reforms required by the European Union. "We are sending a message that we do not…

China may lose as many as half of its shipbuilders next year as the global financial crisis forces companies to close down, Shanghai Securities News said, citing Ren Yuanlin, chairman of Yangzijiang…

The naming and launching ceremony of a new 3,735 lane metres RoRo freight ferry took place today in Flensburg, Germany. She is the thirteenth of fourteen RoRo vessels Flensburger is building for…

The credit crunch has taken its first Japanese shipyard to the wall with Tsuji Heavy Industries filing for bankruptcy. Tsuji and four of its group companies filed debts of $834m with the…

India?s largest private sector ship builder ABG Shipyard is running the risk of cancellation of orders for three seismic surveyor vessels worth Rs 1,000 crore ($213m) by the prospective Norwegian buyer due…

Six shipbuilders from South Korea, two from China and one from India are competing for a contract estimated at $540 million to build four 318,000 dwt VLCCs for the state-run Shipping Corp.…

Japan?s NYK Line plans to cuts back on spending for new ships by about 15% for three years in response to the sharply deteriorating global shipping market. The largest Japanese shipping firm…