General News

Plans for 12 VLCC newbuildings by Singaporean oil trader Hin Leong Trading Pte. Ltd. and its tanker unit Ocean Tankers (Pte) Ltd. are going ahead despite a global economic slowdown. Hin Leong…

Brazil's national development bank BNDES approved a $122 million loan for Companhia Brasileira de Offshore (CBO) to construct four multipurpose platform supply vessels (MPSV-3000) to provide support to oil rigs. The vessels,…

C& Heavy Industries, the shipbuilding arm of the struggling C& Group in Korea, is expected to ask Woori Bank and other creditors to place it under a workout program this week in…

PC Maritime, a UK developer and supplier of software, has launched a new engine room simulator that can run on a standard PC. The Unitest MED3D engine room simulator is claimed to…

Odense Steel Shipyard in Denmark named its latest newbuilding, a 7,000 TEU container ship, for the A.P. Moller - Maersk Group. Named MARIT M?RSK, she is the fifth ship in a series…

Aegean Marine Petroleum Network Inc. has taken delivery of the 'Patmos', a 6,280 dwt double-hull bunkering tanker newbuild, from Qingdao Hyundai Shipyard in China. The Patmos will be deployed in the company's…

The two platform supply vessels under construction at the Cochin Shipyard for Greek company Hellespont Steamship Corporation were named recently. The first was named 'Hellespont Daring' and the other 'Hellespont Dawn'. The…

Around 20% of orders for building new dry bulk shipping vessels may be cancelled in 2009 as the financial crisis is hitting the shipping industry hard, a shipping industry executive told Dow…

Samsung Heavy Industries has received a contract worth $1.44 billion to build two deep-water oil exploration drill ships. The deal with a European client calls for delivery by March 2012 and the…

Shipbuilding cancellations hit plate market According to a recent report from World Steel Dynamics, perhaps 300 contracts to build capsize and Panamax vessels may be cancelled and some new shipyards may close.…

Hyundai Heavy Industries said that its orders sank 57% in October from a year earlier on falling demand for new ships, reflecting a declining shipbuilding cycle. The orders received last month fell…

Jotun, the Norwegian paint manufacturer, has introduced a new self-smoothing and self-polishing hydrolysis antifouling coating based on the unique silyl acrylate technology. Called SeaMate, it is a TBT free antifouling, fully complying…

Wärtsilä is to establish a new centralised environmental products know-how unit. Termed Delivery Centre Ecotech (DC Ecotech), the unit will focus on developing and delivering environmental technologies, as well as products for…

Alan Haig-Brown has recently put up a new web page for mariners who visit or work the Pacific Coast of America. It is really a blog spot based on some of the…

Taiwan will release 51% stake in the state-run CSBC Corporation (China Shipbuilding) by the end of this year, marking it the largest initial public offering for 2008 so far. Fubon Securities Co.…

The Louisiana-based Edison Chouest Offshore (ECO) is establishing an operation at the Port of Tampa, buying the Tampa Bay Shipbuilding & Repair Co.'s lease and retaining its 500 employees with plans to…

Today sees the Cammell Laird name return to its historic Birkenhead shipyard home in a move the yard?s owners say could help them win new business from around the world. Cammell Laird,…

Last Friday Korea Development Bank (KDB) signed a preliminary deal with Hanwha Group on the sale of a controlling stake in Daewoo Shipbuilding & Marine Engineering Co. (DSME). Starting next week, Hanwha…

Seaspan takes delivery of another feederSeaspan Corporation has accepted delivery of the 'CSCL Santiago', a 2,500 TEU newbuilding. The new containership, which was built by Jiangsu Yangzijiang Shipbuilding in China, expands Seaspan's…

Hyundai Mipo Dockyard has signed a $408 million order that revised up a 2007 contract to reflect changes to ship types. The South Korean shipbuilder had initially won a $373 million order…

Bangladesh claims it is set to be swamped with orders for small ocean-going ships in the coming years as major Asian shipbuilders are now fully booked and are either turning down orders…

Cargotec?s MacGregor business area has strengthened its position and sales activity-potential in Greece by signing a co-operation agreement with Piraeus-based company Oceanking Technical & Trading Ltd. Oceanking will be the sole representative…