General News

Genco Shipping & Trading Limited has taken delivery of the 'Genco Commodus', a 170,500 DWT Capesize newbuilding. The newbuilding is the seventh vessel to be delivered to the Company under Genco's previously…

China Oilfield Services Limited (COSL) has ordered a 3D deepwater seismic vessel from Shanghai Shipyard. The new vessel is based on a Skipsteknisk ST-327L CD design and will be powered by a…

India?s biggest shipbuilder under state control, Cochin Shipyard Ltd, will likely get a valuation boost after receiving orders for four vessels from government-owned Shipping Corp. of India (SCI) ahead of a proposed…

The UK's Ministry of Defence has announced a £230 million deal with the shipbuilders BVT that it claims will help to secure the future of the industry in Scotland for the next…

In return for EU approval to keep euro251 million in government subsidies, Poland's Gdansk shipyard must slash capacity. This decision comes after a four-year European Commission investigation into whether government capital injections,…

Shipyards in South Korea are having difficulties in mooring newbuildings of which Deliveries of newbuildings that have been delayed by shipowners, are creating mooring difficulties for Korean shipyards. A rash of owners'…

Belgium-based shipowner Euronav has called on Samsung Heavy Industries to convert a VLCC order to a pair of Suezmaxes. Samsung was preparing to build a 318,000 DWT VLCC for delivery in the…

Hyundai Heavy has signed a contract to build five mid and large sized patrol vessels worth 149.9 billion won with Korea Marine Fund Corporation. The order includes one 3,000 ton class offshore…

There is a growing awareness in the shipbuilding industry that a closing of the gap between newbuilding and second-hand ship prices is occurring which is making the newbuilding market a more attractive…

The latest Shipbuilding Market Forecast, published by Lloyd?s Register - Fairplay Research, predicts continued modest-but-steady growth for the passenger ship sector over the next five years. The monthly research report provides detailed…

The ship repair, conversion and new building yard of Drydocks World -Dubai has renewed its long-standing association with BP Shipping with the signing of a new alliance agreement.The two companies will work…

Just when everyone is bemoaning the growing overcapacity in the world's shipbuilding industry, the government of the Guangxi region, located in south western China, approves a plan to develop an area in…

The number of deferred deliveries and slippage for containerships has exceeded 1.8 Mteu, or a third of the current orderbook. The bulk of the deferrals recorded by Alphaliner are for ships above…

Hitachi Plant Technologies, Ltd. and Mitsubishi Heavy Industries (MHI) were recently granted final approval by the IMO for their jointly-developed Hitachi Ballast Water Purification System (ClearBallast). This system makes use of active…

China's Zhoushan Jinhaiwan Shipyard has received an additional 30 bulker orders from Grand China Logistics, which had become a new stakeholder of the shipbuilding company. According to sources, ship types are said…

Reports from the Far East name the yards that are said to be competing for the valuable LNG carrier tender for as many as 16-20 new vessels for the Shtokman LNG project.…

Kobe Steel in Japan is to cut production of crankshafts by about 10% as a result of newbuilding delivery delays and shipyard cancellations. Crankshafts produced at Kobelco's Takasago plant near Kobe are…

Taiwanese shipbuilder CSBC has signed a contract to build four bulkers for Taiwan Power Co. The bulkers, the size of which was not revealed, will cost TWD 6bn ($182.11m), the ministry of…