General News

The contract on sale of the Adriatic Shipyard in Montenegro could be signed by the end of the month upon completion of the second round of negotiations with the Swiss company Avangard…

A tripartite agreement has been signed between a Bangladeshi firm and two Danish firms to provide necessary training to Bangladeshi workforce in shipbuilding sector. Officials of the Bangladesh shipbuilder Western Marine Shipyard…

Ulstein Design AS in Norway has agreed with Guangdong Machinery Imp. & Exp. Co., Ltd (GMG) to provide design services for 12 vessels of ULSTEIN A801 type. Ulstein Design has sold 60…

UK gas producer BG Group has signed an agreement to buy two LNG carriers from South Korea's Samsung Heavy Industries for an undisclosed sum. The dual-fuel diesel electric newbuildings will each have…

Bangladesh has started exporting ships to the world market with Ananda Shipyard and Slipways formally handing over the country?s first ship for export to Denmark's Stella Shipping. The 2,900 dwt multipurpose dry…

Global Marine Finance Co., set up by shipbuilder Hanjin Heavy Industries and South Korean banks, received government approval to raise 282.8 billion won ($270 million) to build six bulk carriers. South Korea's…

Hanjin Shipping in Korea has taken delivery of two new 4,300TEU vessels. Named Hanjin Norfolk and Hanjin Piraeus, they were built by Samsung Heavy Industries and are the second and the third…

Sri Lanka's Colombo Dockyard, a unit of Japan's Onomichi and the country's sole listed shipbuilder, has won two new orders from Greatship (India), for bigger and more expensive vessels. Greatship is a…

Mumbai-based Varun Shipping Co Ltd plans to invest $300 million to buy at least four new vessels in the offshore segment this year, a top official said at a recent conference.Varun, which…

Russia?s Prime Minister Vladimir Putin urged his government to provide the country with a modern fleet of offshore vessels for its flourishing energy sector and is to include drilling platforms, ice-class gas…

Cybit, the UK's leading online telematics service provider, has announced that its BlueFinger maritime division will launch a new worldwide web-based online vessel tracking service this month. Saffire-Online will for the first…

The economic situation of the Gdynia Shipyard in Poland has taken a turn for the worse and, if there?s no financial support from the state, the shipyard may go bankrupt soon according…

After a steep drop in activity during the first three months of the year, Hellenic ship owners have been busy ordering newbuildings at a pace similar to that of 2007. According to…

The Ananda Shipyard and Slipways Ltd (ASSL) in Bangladesh has signed a $67 million agreement with Hermann Lohmann Bereederunges GmbH & Co, Germany, to build four sea-going vessels. Under the deal, ASSL…

Russia's United Industrial Corporation (UIC) and South Korea's Daewoo Shipbuilding & Marine Engineering (DSME) have signed a memorandum on interaction in shipbuilding projects, local media in St Petersburg report.The document envisages cooperation,…

The dockyard, on 1.8 million m2 of land in Gunsan, North Jeolla Province at the west coast of Korea, with 1.2 trillion won ($1.18 billion) investment, will be equipped with a number…

Interferry and the International Maritime Organization (IMO) have extended the Memorandum of Understanding (MOU) on their joint campaign to reduce ferry fatalities by 90% in developing nations. The original two-year MOU has…

EU regulators cleared South Korea's shipbuilder STX Corp. to buy a 39% stake in Europe's largest shipbuilder, Aker Yards ASA. The EU dismissed initial worries that the deal might cause antitrust problems…

Keppel Fels has won a $512 million contract for an ultra-deepwater semi-submersible drilling rig from oil drilling major Ensco. The Ensco 8504 will be the fifth semi-submersible being built by the KepFels…

Practical research being undertaken by the container operator APL, a member of the Singapore-based Neptune Orient Lines (NOL), is being aided by the Propulsion Dynamics CASPER (Computerized Analysis of Ship PERformance) programme.…

The Regional Marine Pollution Emergency Response Centre for the Mediterranean Sea (REMPEC) has become a role model for other centres for its work in combating and preventing pollution from ships, International Maritime…

The world?s largest cable maker, French-based Nexans, has formed a joint venture with the Mumbai-based Polycab Wires to make rubber cables. The venture will initially invest $37 million to make cables for…