General News

Unconfirmed reports claim that Bollinger Shipyards has a letter of intent to build four 30,000 dwt products tankers for the Houston-based Seacor Marine. If the deal goes ahead, Bollinger would presumably build…

The European Commission (EC) has approved, under the EC Treaty?s rules on state aid, French and Spanish schemes to provide innovation aid to shipbuilding worth respectively ?25 million per annum for six…

Korean shipbuilders, including the world?s largest yard Hyundai Heavy Industries, may increase ship prices to an all-time high to compensate for rising steel costs. London-based shipbroker Simpson, Spence & Young said that…

State-owned China Shipping?s dedicated oil transport arm is close to announcing a $290 million deal for four Suezmax crude tankers from Bohai Shipbuilding Heavy Industry according to a source at shipbroker Simpson…

Seabulk International and SEACOR Holdings announced they have signed a definitive merger agreement. The Boards of Directors of both companies have unanimously approved the transaction. After giving effect to the transaction, the…

Hanjin Heavy Industries in South Korea has installed a 3,000 tonne lift gantry crane built by IHI in Japan. This new crane is needed to cope with newbuilding demand of 10,000TEU container…

Wärtsilä Corporation and the BLRT Grupp of Estonia have agreed to set up a joint venture to service ships in the Baltic area. The new company will be named Oü Ciserv BLRT…

Napa Ltd and Lloyd?s Register(LR) have signed a landmark contract to extend the use of NAPA, Napa Ltd?s ship modelling software package. LR has adopted the NAPA system for statutory compliance calculations…

Norwegian Cruise Line (NCL) has invested in PC Rembrandt, the latest development in ship-handling and manoeuvring simulation. Developed by BMT SeaTech Ltd, a subsidiary of British Maritime Technology (BMT), PC Rembrandt Version…

ABS continues to be at the forefront of technical standards for gas production at sea and transport technologies with its approval in principle (AIP) of a novel concept from ABB Lummus Global…

Keppel Corp, the Singapore conglomerate, wants to add to its global network of shipyards which currently spans to as far as the Philippines, the Middle East and BrazilThe company had already been…

Shipping Corporation of India (SCI), the country?s largest shipping company, has announced plans to buy 18 new ships at a cost of nearly $1.5 billion, company?s chairman and managing director P K…

The chairman of Fiji Ships and Heavy Industries will look into allegations that the shipyard turned down work last year because its workers were inefficient and unproductive. Deputy chairman Hari Pal Singh…

Irish Sea freight ferry operator Seatruck Ferries has ordered two new ro-ro freight ferries from Spain's Astilleros de Huelva. When they enter service in 2007 they will be able to move 130,000…

According to market reports in the Italian financial press, Fincantieri has acquired the Grand Bahama Shipyard for about $100million. Finland?s Masa Yards was also in the running, but Fincantieri?s package was considered…

"In time, forensic technology will be adopted as part of the universal specification of bunker fuels," says John Dixon, managing director of leading fuel-testing agency Lintec Testing Services. "As fuel testing technology…

The South Korean steel manufacturer, Posco, will be increasing the price of its steel plates for shipbuilding by W 60,000 ($60) per ton. However, Posco explains that it will apply discount ratio…

Shipbuilders in South Korea are refraining from receiving new low-end orders as they have already secured a three-year backlog of orders. Industry sources claim Samsung did not bid for a recent order…

EXMAR, the Belgium shipping company, has signed a newbuilding contract for two very large LPG carriers at Daewoo Shipbuilding and Marine Engineering in South Korea. The newbuildings will have a capacity of…

Two major orders for a total of 12 engines have been placed with Chinese shipyards both calling for Mitsui-built K98-cm bore engines of MAN B&W Diesel design.The first project is at Hudong-Zhonghua…

The Saigon Shipbuilding and Maritime Industry Company (Saigon Shipmarin) is investing more than $17 million in their shipyard to enable the company to build ships of over 10,000 tonnes. Currently, the Ho…

BP Marine has opened its new, relocated bunkering operation in North Fremantle, following a multimillion dollar investment in its Western Australia facility.BP has decided to continue its 80-year marine bunkering history at…

South Korea claims that the World Trade Organization (WTO) decision calling on Seoul to end shipbuilding subsidies within three months represents a victory in its long-running shipbuilding dispute with the European Union.…