General News

The Bach Dang Shipbuilding Company, a subsidiary of the Vinashin group, recently launched a 13,500 dwt oil tanker, named ?Vinashin Sea?, the largest ever built in Vietnam. The tanker, 145 m long,…

A fleet of new ships built for British Gas and other companies to meet Britain's growing energy needs by bringing in LNG from abroad has been hit by leaks and safety scares.…

South Korea aims to sell a controlling stake in Daewoo Shipbuilding and Marine Engineering, currently valued at 2.5 trillion won ($2.5 billion), in the second half of 2006. State-run Korea Development Bank…

Guangzhou Shipyard International in China secured contracts for two 51,800DWT chemical tankers from Torm and one from Gotland. Delivery date and price were not revealed. Guangzhou Wenchong Shipyard clinched a 1,700TEU container…

Universal Shipbuilding in Japan won a 200,000DWT bulk carrier from Star Bulk Carrier for delivery during second half of 2010.The newbuilding will be deployed on the transpacific route for Sumitomo Metal Industries.

Norsk Hydro has informed Farstad Shipping ASA that they will enter into a 5 year contract (with a 3 x 1 year option) for a large platform supply vessel. The contract will…

Korean shipbuilders will maintain their lead in terms of orders this year, outpacing Japanese rivals for the third year running. Market researcher Clarkson Research Studies said that Korea's total amount of ship…

Most vessels in Vietnam?s shipping fleet have been rated as weak and obsolete in terms of both transport capacity and technology, according to the Vietnam Shipowners Association and the Government Decree 14/CP…

The hulls for two Aker Kvaerner designed H6e semi-submersible drilling rigs, designed for deep sea drilling in harsh environment and arctic conditions, is to be built by Dubai Drydocks. The Contract includes…

Hyundai Heavy Industries (HHI) has successfully developed Korea?s first marine hydraulic pump through in-house technology after two-year research and development commitment. To develop this hydraulic pump, HHI faced technological difficulties since it…

Posco in South Korea has cuts thick steel plate price by W 30,000 per tonne and, as a result, the price to Korean shipbuilders will be W 615,000 ($604.48) per tonne from…

South Korea's Daewoo Shipbuilding & Marine Engineering has canceled an order, received in October, for two semi-submersible drilling vessels worth $402 million. The order had been placed in October by Singapore's Frigstad…

Aker Yards has signed a contract in excess of $30 million to build an Anchor Handling Tug Supply Vessel (AHTS) for Finarge de Navega??o do Brasil, a company of the Rimorchiatori Riuniti…

China Shipping has won a new order for a 8,530TEU container ship with Hudong Zhonghua Shipbuilding in China for delivery on late 2008. Daehan Shipbuilding in South Korea clinched three 10,000DWT multi…

The option agreement Aker Yards and Tallink had for a large cruise ferry was recently confirmed and the 165 million euro vessel will be built at the Helsinki yard for delivery in…

At its December meeting the California State Lands Commission (SLC) is expected to approve the report to the Legislature titled "Recommendations for Performance Standards for the Discharge of Ballast Water into the…

The State of California Clean Coast Act comes into effect on 1 January 2006 and prohibits incineration onboard oceangoing ships operating within three miles of the California coast. The law also prohibits…

Owners have reported encountering difficulties with the new Brazilian ballast water management requirements issued by the Directoria de Portos e Costas (DPC). The new regulations came into affect on October 15, 2005…

IACS Council has unanimously adopted the Common Structural Rules for implementation to Tankers and Bulk Carriers contracted for construction on/after 1st April 2006. At its December meeting the Council received presentations from…

South Korean shipbuilders are paying large royalties on a core foreign technology for manufacturing LNG carriers, causing a big reduction in their earnings. To build LNG carriers, most Korean and foreign shipbuilders…

The surge in liquefied natural gas (LNG) carrier newbuildings and the accompanying development of a new generation of these specialized ships has generated interest in alternative propulsion systems. These alternatives are addressed…

SMIT is taking another step in its strategy to expand its harbour towage activities by acquiring 50% of Rebocadores do Brasil S.A. (Rebras). Rebras already owns three 55 tonne bollard pull harbour…

ASL Marine headquartered in Singapore, has clinched new deals worth $24 million. The latest contracts are for the construction of three work barges and four rotor tugs to be delivered to customers…