General News

Refurbishments will bring Service Improvements for Nanaimo-Horseshoe Bay The Queen of Oak Bay, which plies on BC Ferries' Nanaimo-Horseshoe Bay route in British Columbia, Canada, is undergoing an extensive, six-month upgrade at…

With reference to earlier press releases on the issue of Norsk Hydro's reason for cancellation of their Letter of Intent to Farstad Shipping, fuller details have now emerged. According to Norsk Hydro…

The China Shipbuilding Industry Corp. (CSIC), the largest shipbuilding company in China, received more than six million tons of new ship orders in 2004, ranking first in domestic shipbuilding companies. Li Changyin,…

The Brazilian state-controlled oil company, Petroleo Brasileiro (Petrobras), is rumoured to be requesting bids from 12 domestic shipbuilders to build as many as 42 oil tankers at a cost of $1.9 billion.

BAE Systems is reported to have put back moves to make 100 drawing office jobs redundant following discussion between management and the Ministry of Defence about packages of work to absorb some…

Farstad Shipping has decided to cancel the contract between its subsidiary, Farstad Supply, and the Norwegian shipyard Aker Brattvaag. As reported last week, the newbuilding contract was dependent on approval of the…

Since the beginning of this year the price of new ships has jumped raising South Korean shipbuilders' hopes of greater profits in the latter half of the year, industry sources said. The…

Hyundai Heavy Industries in South Korea has signed a contract to build four 10,000TEU container ships for COSCO, China?s shipping company, and are the largest vessels of their type ordered to date.…

Norsk Hydro has cancelled the Letter of Intent with Farstad Shipping since the Norwegian oil and energy company could not guarantee that all bidders had received equal information during the tendering process…

The European Commission has cleared a deal designed to save Spain's shipbuilding industry that will see Spanish yards focus on making military rather than cargo carrying vessels. The EU Competition Commissioner has…

Three container ships were named by E.R. Schiffahrt earlier this week at the three Hyundai shipyards in South Korea. These latest newbuildings are part of the planned expansion programme by E.R. Schiffahrt,…

A new ultra Handymax bulk carrier design has been developed by the Japanese shipbuilder Oshima featuring a Panamax beam and draught but maintaining a Handymax length. The 60,000dwt design has a length…

Viet Nam is an important partner for Poland?s development strategy, said Polish Prime Minister Marek Belka at a business forum held by the Viet Nam Chamber of Commerce and Industry at the…

Appledore Shipbuilders in Devon, UK, is working on its first order since the yard went into receivership at the end of 2003 with the loss of more than 500 jobs. The yard,…

The Dutch shipbuilder Shipyard De Hoop has closed its facilities at Heusden with effect from 19 January. The company states it will continue its shipbuilding activities in The Netherlands on a smaller…

Jardine, a leading international provider of asset performance improvement services, has been acquired by DNV. This move strengthens DNV?s ability to help companies optimise the economical performance of individual assets without compromising…

Posco, the Korean big 3 shipbuilders- Hyundai Heavy Industries, Daewoo Shipbuilding and Samsung Heavy Industries- and Korean Register of Shipping have established a committee to develop steel for ship including thick steel…

Since the beginning of 2005 Finland's three largest shipyards in Helsinki, Rauma and Turku have been working as one company, the new Aker Finnyards. As part of the restructuring plans, negotiations were…

Ulstein Verft has signed a contract with Island Offshore XI KS to build a large ULSTEIN P101 multifunctional platform supply vessel, designed by Ulstein Design AS. The contract is worth around $46…

US shipowner Overseas Shipholding Group (OSG) has ordered eight MAN B&W ME engines as the main propulsion plant for four 216,000 cubic metre LNG carriers recently ordered from Korean yards Hyundai and…

UKOR Car Carriers (EUKOR) placed an order with Korean shipbuilder HyundaiHeavy Industries (HHI) for four pure car and truck carriers (PCTCs). The vessels will bebuilt at the Hyundai Samho Heavy Industries Shipyard…

Wärtsilä is developing its propulsion business and is setting up a wholly owned, state-of-the-art factory for ?transverse thrusters? in Wuxi, located approximately 100 km west of Shanghai, China. The name of the…

Farstad Supply AS, a wholly-owned subsidiary of Farstad Shipping ASA, has reached an agreement with Brevik Construction AS, a subsidiary of Aker Brevik, for the building of an anchor handling tug supply…