General News

Dutch towage and salvage specialist Multraship and Hamburg-basedFairplay Towage have joined forces to create a platform for expansion.Under the agreement Fairplay BV, the Dutch arm of the Fairplay group,will take a 50…

MISC Bhd in Malaysia has ordered eight new 45,000 dwt chemical/product oil tankers worth a total of $430 million from South Korean shipbuilder SLS Shipbuilding Co Ltd. The first three units will…

Daewoo Shipbuilding & Marine Engineering in Korea has won $1.46 billion (HK$11.38 billion) contracts from two US customers. DSME received an order to build a semi-submersible drilling rig from an unidentified US…

Oman's state shipping firm aims to raise $4 billion by year-end to finance its proposed fleet expansion programme. This money will finance the existing vessels already on order and the purchase of…

P&O Ferries has signed a ?360m contract with Aker Yards for the two largest ferries ever to be constructed for the Dover-Calais service. The first of these ships will enter service in…

SAFEDOR (Design, Operation and Regulation for Safety) is about to complete its four years R&D programme. This integrated project (IP) is funded by the European Commission under the 6th RTD Framework Programme,…

Creditors of Daewoo Shipbuilding & Marine Engineering (DSME) are expected to select a preferred bidder for the shipbuilder in October. According to industry sources, the state-run Korea Development Bank (KDB) started a…

Wärtsilä-Hyundai Engine Company Ltd., the new joint venture between Wärtsilä and Hyundai Heavy Industries in South Korea, has received a major order. The order calls for a total of 16 Wärtsilä 50DF…

Romania?s struggling shipbuilding industry is under the spotlight after South Korea?s Daewoo Shipbuilding and Marine Engineering cancelled a large containership order. The $620 million contract for eight 4,250 TEU ships was placed…

Israel Shipyards (ISL) recently delivered of a general cargo ship to a German customer. The vessel was built under contract to deliver two general dry cargo ships worth $28 million. The single…

Taiwan?s container liner Evergreen Marine's parent, Evergreen Group, has shelved a plan to invest in a Chinese shipyard due to weak market conditions. Evergreen had intended to form a shipbuilding joint venture…

Kawasaki Kisen Kaisha, Ltd. ("K" Line) in Japan has reached an agreement with the holding company of Titan Quanzhou Shipyard Ltd. (TQSL), a shipyard under construction in a suburb of Quanzhou City,…

The potential bankruptcy of Polish shipyards will not only affect those employed locally, but also the fall of some 800 mid-sized companies, both domestic and international, employing 100,000 workers.If the EC declares…

Guangzhou Shipyard International (GSI) has agreed to buy Guangzhou Wenchong Shipbuilding from its parent and the mainland's biggest shipbuilder China State Shipbuilding Corp (CSSC) for 3.04 billion yuan as part of a…

The shipbuilding process for Pure Car/Truck Carriers (PCTCs), the next- generation ship that Hyundai Mipo Dockyard (HMD) has recently made one of its main products, is proceeding smoothly. HMD held a meeting…

For decades, Palmer Johnson in the US has produced some of the world's largest luxury motor yachts and, last week, president and CEO Mike Kelsey Jr. confirmed that the company was opening…

The Ice Maiden 1 conversion contract at A&P Tyne, Hebburn, should have kept several hundred workers busy until next March. But the order is now in doubt after troubled Scottish company C&M…

Cosco Shipyard Group will build two more Sevan 650 drilling units at a combined value of $500 million for Sevan Marine ASA. Sevan has made prepayment of S$7 million to secure the…

According to Jiujiang Yingxin Shipbuilding Company (JYSC), one of the largest private shipbuilders in China, the company has recently signed a large newbuild contract with Dalian Haichang. The contract involves building 20…

Brazilian iron ore miner Vale has ordered 12 very large ore carriers (VLOC) from Chinese shipbuilder RongSheng Shipbuilding and Heavy Industry for $1.6 billion. Each of the ore carriers will have a…

Italian-based Siba Ships, the world?s leading maritime livestock transporting company, has placed a $250 million order for two livestock carriers to be built at Croatia?s Uljanik yard. The new vessels will carry…

Special Areas in which the discharge of wastes from ships is prohibited will take effect in the ?Gulfs area? and off southern South Africa on 1 August 2008, providing extra protection from…