General News

BNP Paribas SA said newbuilding orders will slow amid a global credit crunch and economic slowdown. The liquidity crunch is making it difficult for shipowners to borrow money and slowing economic growth…

Wärtsilä Corporation has inaugurated a new extension to its service centre in Chesapeake, Virginia, USA. The building provides increased capacity for propeller repairs and water jet assembly, while creating a service centre…

Deltamarin in Finland recently launched its one-stop Contracting Services. This life-cycle service was launched at the request of its customers and to meet the growing market needs and combines high-quality engineering with…

Ocean Wilsons Holdings Ltd. (OWH) has reaffirmed its growth strategy by investing in the construction of a new shipyard in Rio Grande, Brazil. The company said Conselho de Autoridade Portuia (CAP), Rio…

South Korea?s Hanjin Heavy Industries Construction Co. Ltd. will resume its $2-billion shipyard project at the Philippine Veterans Investments and Development Corp. (Phividec) industrial estate in the first quarter of 2009. Initial…

The Singapore shipbuilder ASL Marine (ASL) has secured new shipbuilding and fabrication contracts worth a total of S$101m ($68.7m). The bulk of the total value of the contracts is for the construction…

Rolls-Royce has won a £96 million contract to provide power and propulsion equipment, including four gas turbines, for two of the world's largest warships - the UK?s new 65,000 tonne aircraft carriers,…

MacGregor has merged its RoRo, Dry Cargo and Crane divisions and the self-unloaders part of the Bulk Handling division to form a new Merchant Ship division, which will benefit its two biggest…

The federal government must commit to Canada's shipbuilding industry rather than shopping in places like South Korea and Europe, the Shipbuilding Association of Canada says. "Over the next 25 years, the federal…

The latest addition to the Genoa-based Finarge Armamento, the AH Camogli, was recently delivered. This Moss 424 Mk II designed AHTS was built by Fincantieri Shipyard in Riva Trigoso before being moved…

Gunderson Marine division in Portland, Oregon, has signed contracts with Vessel Management Services, a subsidiary of Crowley Maritime Corporation, to build 10 heavy lift series deck cargo barges for delivery by 2012.…

The US Navy will christen littoral combat ship (LCS) 'Independence' on Saturday, 4 October during a ceremony at Austal USA Shipyard, Mobile, Ala. Independence is one of two LCS seaframes being produced.…

Poland's state-owned shipyards face a risk of bankruptcy after emergency talks between the European Commission and Warsaw failed to resolve doubts over massive state aid they had received. Polish Treasury Minister Aleksander…

State-run Shipping Corp of India Ltd (SCI) is planning a foray into shipbuilding and is in talks with domestic and overseas firms for a joint venture, Chairman and Managing Director S Hajara…

The Arab Ship Building and Repair Yard's (Asry) board of directors has given the green signal for a $188 million expansion project as a part of the strategic plan for the 2008-2012…

Aker Philadelphia Shipyard began construction on Hull 013, the ninth product tanker in a series of twelve to be built for American Shipping Company. When completed, the 46,000 dwt vessel will be…

The second of two high speed vehicle-passenger catamarans for Hawaii Superferry has been launched at Austal USA?s purpose-built production facilities in Mobile, Alabama. With a service speed of 40 knots and the…

Lockport-based Bollinger Shipyards in the US has won a contract for U.S. Coast Guard (USCG) patrol boats that could be worth as much as $1.5 billion. If fully exercised, it would be…

As part of its strategy to create a green ship product line, Kongsberg Maritime recently announced the acquisition of Metasystems AS. MetaSystems develops intelligent electronic applications in terms of software, sensors and…

UAE-based offshore rig building company, Maritime Industrial Services (MIS), is looking to boost its yard capacity through acquisition of land and existing smaller yards in the UAE, said a senior company official.The…

AP Moller Maersk subsidiary Safmarine has confirmed it has placed an order for four 18,000 dwt multi-purpose vessels with Wuhu Xinlian Shipyard in China. The deal includes an option for another four…

Turkey's Cicek Shipyard launched a new 25,000 dwt bulk carrier design at the SMM 2008 exhibition in Hamburg. The current handy-size bulk carrier fleet is now aging and Cicek believes that many…

Four more 24,000dwt multi-purpose, heavy-lift vessels have been ordered for the global services of Rickmers-Linie by Rickmers Group company Polaris Shipmanagement from Chinese shipbuilder Guangzhou Wenchong. Delivery of the first vessel is…